Purchase House as Trustee

If the house goes to a foreclosure sale, you can bid on it just like any member of the public. Occasionally people can get deals that way. ...

Any person with an interest can object to the amount of the fees charged by an executor, but an executor is entitled to reasonable compensation. ...

It's either prohibited by statute or it's just good cause for the surrogate's court to replace a trustee, but either way the mother or some other...

An estate buys out a life estate. Is that considered a deductible expense on the 1041 or an amendment of the 706.

Any distribution from an estate is either an administration expense, a debt, or an inheritance. The lawyer fees and court costs will be a...

What are the drawbacks, if any, in placing a home in a revocable trust so as to keep it from probate?

The issue is not one of drawbacks so much as it is one of there not being any real benefit for most people. Your executor still needs to open a...

I agree with my colleagues that only rarely are young trust beneficiaries entitled to what they would like to be entitled to. You may have no...

If there is an asset which certain heirs do not want and others do is there a CT waiver form that can be submitted?

The two siblings can simply disclaim their inheritance by sending a signed letter to the administrator to that effect and then signing off on the...

You cannot file a PC-212 if the estate owns an interest in real estate. If the decedent had survivorship property and you only need a value for...

Can I file PC-212 for estate with a 5% partnership interest in an asset valued at $9040.00 for tax purposes? There is no will.

If the total estate is under $40,000 and does not own a non-survivorship interest in real estate, the interest in the partnership will not prevent...

Mother in nc is leaving me her farmland when she passes. she is on Medicaid. will Medicaid want the property?

There are clearly nuances to this situation that cannot be adequately addressed here. If she is not the titled owner to the property, how does she...