Is stock an Estate inherited from a spouse subject to Income Tax ?

There is no income tax liability. When the stock is sold, any gain on value from the date of your FATHER'S death (it six months afterwards if the...

I need to know if I have an enforceable verbal contract, contesting a beneficiary and probate questions

A gratuitous promise, even if based on something being morally right, does not create a contract unless the beneficiary promises something else in...

I would not be genuinely scared about the consequences here, but at the same time I think it is important to consult with an attorney who has had...

If an attorney is the trustee of a trust and takes money out without the knowledge of the beneficiary, what are the consequences

A trustee has the ability to pay himself reasonable fees for trust management, and less commonly if a purchase for the benefit of the trust needs...

Canceling a whole life policy, and receiving the cash value. Is that taxable?

Attorney White is correct, but more to the point, if the cash surrender value is somehow below the premiums contributed, the result is a capital...

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My mother has my sister as poa. feel that it's in her best interest to keep it that way and now wants to change it. can she

A power of attorney document voluntarily shares power. Your mom can remove it at any time, and it's existence doesn't stop her from deeding the...

Does military power attonery under rules normal one

One of the things you need to understand about powers of attorney is that they are non-exclusive. If I had three adult children and gave each of...

My 95 year old mother in law has a buyer for her house. Her deceased husband's name is still on the title.

Irrespective of anything else, the first issue is whether your father-in-law's estate was probated. If it was not, it will have to be, and you...

Connecticut does not have an inheritance tax, and it is unlikely either federal or CT estate taxes will apply at any point in the future unless...

What are the ramifications of a person with "Power of attorney" over someone over 18 kicking that person out of their house?

A few quick points here. 1) ALL powers of attorney are on persons over the age of eighteen. 2) The kicking out has no bearing on the legal...