Archived
If I stand to inherit moms house (100%) after death of step dad, am I currently a beneficiary with any rights?
Joseph's answer
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Answered on February 10, 2013
Unfortunately, more information is needed to provide an answer for you. The odds are that there is a provision in the trust which governs the...
Archived
Can I transfer a yearly percentage of the value of my investment house?
Joseph's answer
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Answered on February 10, 2013
Assuming there is no mortgage on your investment home, your best bet is to transfer this property to a Limited Liability Company or Family Limited...
Archived
In a life estate are my brother & I required to pay inheritance taxes?
Joseph's answer
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Answered on February 09, 2013
Attorney Miller's answer is absolutely correct if the house is sold while your mother is living. If she dies:
a) you and your brother become...
Archived
My Father Passed he had a trust. He left his home to all 4 of his children. My brother wants to buy the house, so he had it
Joseph's answer
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Answered on February 09, 2013
Based on your facts, your brother has a 1/4 interest in the house. Thus, the difference in what he's offering vs. what you could sell it for is...
Archived
How detailed should you be when writing hours down that you've spend as a co-executor?
Joseph's answer
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Answered on February 09, 2013
Attorney Weinstein is, of course, correct. My only concern lies with your use of the word "trust" instead of "estate." If you are, in fact,...
Archived
As DPOA what additional steps should I take to protect Moms Assets?
Should/Can I add my name to cars, house etc?
Joseph's answer
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Answered on February 09, 2013
As you've seen, your POA does not stop your mother from spending money on your sibling's needs. Unfortunately, this is all-too-common a scenario. ...
Archived
Does the estate pay for expenses like burial costs and preparing the tax return or does the administrator pay for that?
Joseph's answer
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Answered on February 08, 2013
The estate pays for funeral expenses, accountant's fees, attorney's fees, etc. The administrator isn't responsible for paying any fees out of his...
Archived
How many days do I have to ask a probate court to change the exectutor of my mothers will?
Joseph's answer
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Answered on February 08, 2013
I'm sorry for your loss. It is unclear from the facts presented as to whether your mother's Will has been admitted to probate. Thus, I'll have to...
Archived
UTMA, Guardian Account or Trust?
Joseph's answer
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Answered on February 08, 2013
You will wish to review the Will of the person who left your child the bequest. A well-drafted Will should permit you, as the child's parent, to...
Archived
How do i get full ownership of a house that is in my name and my mothers name with four other siblings involved?
Joseph's answer
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Answered on February 08, 2013
Attorney Davis's answer is correct. Since you are holding Power of Attorney, it is very, very important that you do everything with the assistance...