How do I go about gaining control over my mother and all her assets?
Generally, you would need a conservatorship to accomplish that. In that role, you are a fiduciary for her. You should consult a seasoned lawyer.
Ridgefield, CT
Estate planning Lawyer at Ridgefield, CT
Practice Areas: Estate Planning, Elder Law ... +2 more
Generally, you would need a conservatorship to accomplish that. In that role, you are a fiduciary for her. You should consult a seasoned lawyer.
Of course, the lawyers above are right on the guardian proceedings. In addition, she will probably be on Medicaid. So, you will lose all the...
You can report your employer to NYS. In addition, certain persons at the employer can be held personally responsible and it can be a criminal...
Yes, the money can be moved with a POA. However, the person having the POA has a fiduciary duty to the resident and is required to do the right...
The employer is required to file a 1099 if he is an independent contractor, which will report the income to the IRS. The employer can be...
Gifts are not taxable to the recipient. They normally reduce the giftor's federal estate tax exemption without having to pay any current tax. ...
Yes. And it should protect you from the liability.
You should ensure that everything is in the LLC name and that all vehicle and contracts are signed in the LLC name. Adding you personally as an...
Usually, the son will come around when you explain there will be no distribution to him either. Make sure he has all the documents and can talk to...
First, the company books and tax returns should list the funds as Loans. Better yet if there is a note. Otherwise you are at risk of having the...