Typically an inheritance tax is charged to the beneficiary receiving the property unless something in the Will changes this result. I would be...

The entire account will be subject to tax at a 4.5% rate.

Does my cousin need an attorney?

Your cousin should retain an estate attorney immediately to advise her what her rights are and protect those rights. Some rights may be time...

Son predeceases his mother. How does mother now protect minor grandchildren's inheritance from their mother?

As mentioned previously the best solution is to have the inheritance pass to a trust for the benefit of the children. While there are other...

Am I responsible if I abandon home.....

If the home is worth more than the mortgage balance why would you abandon it? It should be listed for sale and the proceeds used to pay off the...

What is the best way to title property in NJ if am I am a single homeowner and want to leave the property to my 2 children

Assuming there are no factors in either your life or your assets that would suggest that a living trust is the right plan for you then I feel the...

How do I relinquish being executrix on Mom's will.

You can refuse to serve as Executor by signing and filing a renunciation with the Surrogate's office and in most counties the Surrogate's office...

If my parents live in France and they want to give me money to buy a house in US.How much can i recieve tax free.

As already pointed out the reciepeint of a gift in not taxed directly on the receipt of the gift it is the donor of the gfit who is potentially...

Tax Evasion

Your ability to avoid incarceration will dependly largely on your particular facts, your ability to make timely payment of any taxes that are due...

Can a person not listed as beneficiary insist on being present at estate negotiations because they live with the beneficiary

While the boyfriend on his own has no rights in the proceeding if the beneficiary wants his counsel and wil not come to the negotiations without...