Do I have to pay gift tax for paying off sister's student loans?
You would not incur a gift tax. However, based on your facts, you would use up $31,000 of your $5 million lifetime gift tax exemption ($45,000 -...
Stamford, CT
Probate Lawyer at Stamford, CT
Practice Areas: Probate, Estate Planning ... +6 more
You would not incur a gift tax. However, based on your facts, you would use up $31,000 of your $5 million lifetime gift tax exemption ($45,000 -...
Your best bet is to hire an attorney to prepare a Revocable Living Trust for you. The underlying trust document would not only set forth your...
If your siblings received less money from you than their underlying basis in the house, there would be no capital gains taxes owed by them. Let's...
The Probate Judge has an obligation to pick a Conservator who would serve the ward's best interests. In this case, the ward's children were in a...
Attorney Cross's answer was right on-point. The problem in this circumstance is that trust agreements and the amendments thereto are private...
You will wish to consult with an Oklahoma probate specialist to confirm your rights. With that said, depending on how long it has been since the...
I would strongly urge you to contact an attorney in your jurisdiction to assist you as there are several pieces to this puzzle which cannot be...
I agree with Attorney Frederick, as it appears that a Pennsylvania Probate Court would need to appoint you as the Administrator of your father's...
As noted by the other lawyers in this thread, your parents' attorney will not be able to speak with you about this matter without your parents'...
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You will wish to review the underlying deed to the property. If the deed was titled as "joint tenants with right of survivorship" between your...