Archived
I am purcasing a home through a family trust> my father wants to gift his share to me. what are the tax implications?
Joseph's answer
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Answered on April 02, 2013
There are no tax implications to you. However, your father will need to file a federal gift tax return reflecting the gift. The good news is...
Archived
I have a living trust but my home, which still has a mortgage, has not been transferred into the trust. How do I get this done?
Joseph's answer
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Answered on April 01, 2013
Attorneys Tigerman and Kalamaros are correct. Hire an experienced attorney to prepare the deed and advise your bank of the pending transfer. ...
Archived
My aunt who died in 2011 lived in N Y until 2006 when she moved to Ireland. How can I find her bank account in N Y.
Joseph's answer
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Answered on April 01, 2013
You need to retain a firm specializing in tracing assets, such as bank accounts One suggestion is...
Archived
What is the next step in the process of probate court ? How do i get this matter resolved and closed so i can move on
Joseph's answer
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Answered on April 01, 2013
Attorney Pyke is correct. It is very difficult to tell where you are in the process, but as you can tell, it is a maze. You need a solid probate...
Archived
A year ago, my father was named in a civil lawsuit and possibly a criminal lawsuit follows. He hired a civil and a criminal lawy
Joseph's answer
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Answered on April 01, 2013
Attorney Frederick is correct. You will wish to review the retainer agreement your father signed to determine whether the unused portion of the...
Archived
Estate accounting
Joseph's answer
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Answered on April 01, 2013
It is unclear from your question as to whether your brother is the Executor of your father's estate or the Trustee of a trust. In either case, the...
Archived
My father has asked me to help him set up a trust. He already established a living trust 20 years ago.
Joseph's answer
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Answered on April 01, 2013
Attorney Johnson provides some good information, but Attorney Davis is correct. God-forbid, if you screw this up, your sister will likely have...
Archived
Can a grandparent designate items to go straight to a grandchild? Or sell it for lower than market to said grandchild?
Joseph's answer
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Answered on April 01, 2013
Attorney Schening is correct. If the grandchildren are minors, I would strongly urge you to leave their assets in trust for them with a proper...
Archived
As executor of my Fathers will.........
am I required to probate his will in court?.
There is no property involved.
Joseph's answer
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Answered on April 01, 2013
Attorney Pyke is correct. There may be some technical requirement in the state where your father resided to file the will with the Probate Court...
Archived
Have $2,800. mo. pension & home. Entering long term care. Mortgage and utilities use all of pension. Am I eligible for Medicaid?
Joseph's answer
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Answered on April 01, 2013
Attorney Friedman is correct. Please hire an elder law attorney to assist you through the qualification process for Medicaid. Good luck to you.
