Tax consequences of foreclosure and capital gains.

Capital gains is applied to the difference between the sales price and the basis price of the property. Basis price is the fair market purchase...

How do I decline my inheritance?

To decline a gift or inheritance, you need to execute a disclaimer. In order for the disclaimer not to have any effect on you for estate or gift...

Assisted living bills need to be paid or your mother will be evicted. Unlike nursing homes, there is little public assistance to help keep the...

The first question that needs to be addressed is how was the property owned before his death. Usually property owned by husband and wife during a...

What steps do I need to take to contest my father's will without it costing me $50,000.00?

A will contest is a long, hard, expensive undertaking. You will need to hire an attorney.

Intestate no will Greenville SC property and deceased hinesville GA resident Can ownership be transferred outside of probate

There are different ways to own property. A jointly held property avoids probate and title goes equally to the surviving owners. If the deed...

Can my 92 year old mother make me the remainderman on her home that she still owes a mortgage on?

You should consult with an elder law attorney in your area. You may qualify for the caretaker child exception under the Medicaid rules. Under this...

Procedure for transferring property, which is already designated to be gifted to someone in a will?

You need to consult with an elder law attorney. First, at some point in the near future your mother may need to enter a nursing home and apply for...

North Carolina trustee for Massachusetts trust

Massachusetts will look to see if the trust is a "resident trust". There are two types. A testamentary trust (a trust created through the...

This is a common situation. Trustees routinely resign, die or become unable to perform the function as Trustee. The Trust will have provisions...