Will set up payment schedule, IRS AFR rate compliant, get IRS forms for interest For buyer deductions and lender interest income. Do I need more?
Positively consult an attorney. The fee you pay the attorney will be far less than the cost of any mistake you make doing this yourself. If you don't have the time/money to do it right the first time, where will you find the time/money to fix the problems?See question
the cd's were already in our names. we did not need any paper work such as death certificate to withdrawl the cd's and close the accounts.
If the primary owner dies on or after 01 January 2013, there is on estate (or inheritance) tax due form the Estate of from the beneficiaries.
As long as the accounts are not IRAs, the beneficiaries will not have to pay any income tax on the funds received.
Just wondering, was the Decedent's name on the accounts?.See question
if the property is still under a trust with me as Executor , are my assets protected from credit collectors or Medicaid asset recovery?
You should be the successor Trustee, not an Executor. An executor means there is probate involved.
In most cases, you may have some creditor protection (a spendthrift clause). But you would not have Medicaid protection unless there is specific additional language in the Trust (usually referred to as a special needs provision or a supplemental needs provvisionSee question
In the Will the house as left to my 3 nephews and 2 of the are minors--I wish to be done with this process as executor but the house is the hold up and obtaining attorney's for the minor children is too expensive. The one adult child would sign ov...
Your suggested resolution is not feasible. You have no such authority. However, the parent of the minors can serve as the Guardian. No attorney needs to be or should be appointed.
Do not be influenced by the expense factor.
As Executor, you have specific duties and responsibilities. This is not a DIY task. Find an attorney to help you navigate your way through this labyrinth that is probate. A mistake can be much more costly than the fee an attorney might charge.See question
My fathers will I have read it and I'm in in several places. The first thing on the list is a gun he left to me along with other guns and the safe there in she has asked for me to give her the first one on the list the day of my father passing
The "reading of the Will" is more a movie thing than a reality. A Will must be admitted to probate. Once filed with the Probate Court, anyone can look at the Will. Wheat get there is a"reading" before submission if the Will for probate is immaterial.
Once the Will is filed, you will want to monitor the proceedings to make sure it's terms are carried out accurately and in a timely fashion. It is best to hire an attorney to help you protect your rights.See question
Initially, the executor/attorney told me my mother had named me as the only other person on the account. Then he called me back a few weeks later and said he'd made a mistake, my sister's name was also on the account. (Her name is the same as my ...
It sounds like this was either a joint account with survivorship or a POD account. Your focus should be on the bank, because this is not a probate issue. As joint owner or POD beneficiary, you should be able to get from the bank a copy of the related forms that put you in title or designated POD beneficiaries.See question
we know he had a will because he told us he did. we don't care what she did we just want to see it.
If there actually is no Will to be found, then all children will inherit in equal shares. If the Will leaves more to your suspect sister, then it is her best interest to submit it for probateSee question
I am willing to pay for a telephone conference if the answer requires follow up. Please email me at email@example.com. Thank you.
The benes have not current interest so they have no right to info.
What is your relation to Grantor? Is Gramtor incapacitated?
He is asking the executrix to send it to him out of state.
If the Will has been submitted to probate, then anyone may obtain a copy of it directly from the Clerk of the Probate Court as long as the fee for the copy is paid to the Clerk.
If the excluded person is a next of kin of the decedent, that person should have received notice of the probate of the Will.See question
My aunt is the trustee of my mother's (deceased) irrevocable trust. As the beneficiary, I am required to an annual accounting and a chance to simply read the trust in its eniterity. Neither of which she has allowed me. My lawyer sent her a letter ...
You say you "will be going to court". This means you already have hired an attorney? If do, these questions are best directed to that attorney since he/she noes all the facts In your situation. Any answer given here will not be as useful since there may be facts missing from the process.
The concerns you raise seem valid and should be addressed in your suit filed to challenge the actions (or inactions) of the trustee.See question