Archived
I need to move for my job and my daughter wants to stay wit her sister how do I let her stay in the current school when if she
Thomas's answer
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Answered on March 02, 2012
Most likely, you will have to pay out of district tuition if your daughter stays with you after you relocate. If her sister lives in the district,...
REVOCABLE LIVING TRUST. Do assets in my TRUST receive a stepped up basis or a carry over basis at my death?
Thomas's answer
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Answered on March 02, 2012
You do not have to place the stocks in the trust to receive the step up in basis. You would do so to avoid probate. In Pennsylvania, the probate...
Archived
I am a single mother who is undergoing some health problems that include surgery. I would like info on guardianship.
Thomas's answer
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Answered on March 02, 2012
In order to ensure that your children are protected, you should have two basic documents. First, you should have a will. In your will, you can...
Archived
When a lifetime gift is made, is there a carry over basis? Does the donee take the donor's cost basis?
Thomas's answer
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Answered on March 02, 2012
When a lifetime gift is made, there is a carry over basis unless the gift is subject to a retained right by the donor to enjoy the property during...
Archived
Can a Trustee in a trust stop a beneficary from obtaining information from the trust preparer?
Thomas's answer
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Answered on March 02, 2012
A beneficiary of a trust is entitled to a copy of the trust as well as to information as to how the trust assets have been handled since its...
Archived
Do I need a will or a special trust for my disable son?
Thomas's answer
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Answered on March 02, 2012
If your son is disabled, you most likely need what is known as a Special Needs Trust. Although your son is allowed to have a house and...
Archived
Can a person who has a primary residence in fla but has been living with her daughter in nj write a will or living trust in nj
Thomas's answer
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Answered on March 02, 2012
It would make sense for your mother to leave you her residence through a revocable living trust. In New Jersey, we have arguably the easiest...
In the state of nj when a spouse dies and has property does the property go to the living spouse if they are married?
Thomas's answer
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Answered on March 02, 2012
Ed's answer is correct. Assuming, by the tone of your question that the deceased owned the property and there was no will, the property is...
Can one sibling pay burial expenses and be reimbursed out of the estate before it is split among heirs (in Arkansas)?
Thomas's answer
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Answered on March 01, 2012
I agree with Mary Ellen. However, if I am the child who will be advancing the funds, I would want an agreement that he is going to be reimbursed. ...
Archived
What is the 2012 dollar amount for the "annual gift exclusion " towards a non- domiciled alien spouse?
Thomas's answer
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Answered on February 29, 2012
The annual exclusion has been $13,000 per year per person. The residency of the receiver of the gift is irrelevant.
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