A Massachusetts couple transferred their condo to their adult daughter for $1.00 and reserved a life estate in the property.

Attorney Golden has identified the issues that you need to address. You must consider both the Massachusetts estate tax and the effect that the...

I agree with Attorney Brewer. The beneficiary of the policy has no obligation to use the proceeds to pay for your cremation. If you name your...

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A board member is resigning, leaving 4 instead of five, how do we proceed?

Attorney Jacobson has given some solid advice on your issue. As he pointed out, the key is to look at -- and adhere to-- the provisions of your...

I have a 30 year mortgage. In the event that I die what happens to my house? I have 3 adult children.

When you pass away, the mortgage on the house is still due. The obligation to pay the mortgage rests with your estate and if you leave sufficient...

Is it legal to tax my customers a tax on my labor only in MA???

Although you do not provide much information in your question, some basic facts about the sales tax should help you. What is the sales...

Best place to incorporate for a small business?

Traditionally, Delaware has been the standard for incorporation. However, just because it is the standard does not mean that forming your entity...

My husband died we have 2 children over 21. what do i need to file succession?

Please accept my condolences on your loss. Adjusting to the death of one's spouse can seem to be an impossible task. Unfortunately, you haven't...

If a $1 million gift is made in 2010, will it unify with, and therefore cancel out, the estate tax exemption of a 2011 decedant?

I agree with Attorney Smith in that it is impossible to guess what Congress will or will not do with the federal estate tax. In addition, whenever...

Join Bank Account

In most cases, the answer is yes, the money is yours. If the account was held in a bank in New York, there is a specific law that answers the...

I had a joint bank account with my dad who is now deceased,

Attorney Barger is right. When an account is owned jointly, it is usually deemed to be owned by "joint tenants with rights of survivorship." ...