Can I add my son and daughter to the deed on my house, so they won't have to pay inheritance taxes when I'm gone?
Edward's answer
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Answered on May 12, 2009
While it is possible to transfer some or all of your house to your children to reduce or eliminate inheritance taxes in PA (so long as you live at...
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May I give power of attorney to someone on just one bank account? Will they be able to apply for credit in my name?
Edward's answer
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Answered on May 11, 2009
Yes, a Power of Attorney can be worded as broadly, or as narrowly, as the principal desires. In your situation you are probably best served by...
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Do I have to send a Notice of Probate to people named in the Will, but who do not recieve a bequest?
Edward's answer
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Answered on May 06, 2009
Most likely. Notice of probate goes to everyone named in the Will and everyone who would be entitled to take if there was no Will, the intestate...
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Do i need power of attroney to sign papers for my parents?
Edward's answer
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Answered on May 06, 2009
Yes. Assuming they are competent your parents can appoint you as their agent under a Power of Attorney to enable you to act on thier behalf. If...
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I Had a will in NY, moved to Pa and just want to update new address.
Edward's answer
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Answered on May 05, 2009
New York's estate tax does not apply unless the estate exceed's $1,000,000. Since it is based on the pre 2001 federal tax there is also an...
Archived
I Had a will in NY, moved to Pa and just want to update new address.
Edward's answer
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Answered on May 05, 2009
Do not add an addendum page to your existing will. Any act to attempt to change your existing will, short of the execution of a properly drafted...
I am the residual beneficiary of an estate. Can the executor and attorney convey the furnishings as part of the home sale
Edward's answer
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Answered on May 04, 2009
The answers to your questions are largely dependent on the specific language in the Will. I would recommend you take a copy of the Will to local...
Archived
How should I handle the distribution of my mom's assets from joint accounts in her name and mine?
Edward's answer
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Answered on May 04, 2009
If the joint accounts had be open as such for at least 1 year it is to your tax advantage to keep these assets out of the estate. PA inheritance...
Archived
My grandmother is deceased. I am her grandson. I know she has unclaimed property and money from the treasury.
Edward's answer
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Answered on May 04, 2009
Once the Will is probated it becomes a public record and anyone can obtain a copy from the Register of Wills where the Will is filed.
Best of...
Archived
How long should it take for an executor to settle an estate?
Edward's answer
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Answered on May 01, 2009
Depending on the size and complexity of an estate, a resonable timetable for the settlement of an estate is between 9 & 24 months or longer for...
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