I don't understand language in my will.

Your will and your wife's will are coordinated such that if you were to die in a common catastrophe, there would be a set order of who died first...

Can you hire a lawyer to look over an estate for ASSESSMENT purposes? or is there a specific field for this?

This is one of the very reasons what you would hire a tax / trusts and estates attorney to represent your interests.

My daughter and her son, who live with my husband & I, pays rent to us each month. To I have to declare this income to the IRS?

Talk to your accountant and see how much is actually rent and how much is contributions to the household, etc. The character of the payments are...

Just wondering if trust in NY has to end within a certain time.

Under New York law, the trust will be forced to "end" under the Rule Against Perpetuities expiration period - which is basically 21 years after the...

Yes. Privacy is possible, however you will be liable for all taxes associated with the lottery winnings (income) and gift taxes associated with...

CUT FROM WILL

Yes. A child can be disinherited quite easily.

Should I pay the civil claim? Will they take me to court? Will the civil claim affect my credit score when i am 18?

Shopkeepers are in their right to impose a civil fine. They will have to sue you in small claims if they want to collect. You should (have your...

I asked a question. My husband and I are purchasing a home for. $200 k paying cash. I have read that we can give each one $13k

Unlimited gifts between spouses are permitted under the tax Code. What you are proposing likely loses you any capital gains non-recognition you...

Non citizen with ITIN wishes to stop filing tax returns in the U.S.

The strange thing is, I do not see a form or any reference in the IRS Publications as to what happens if a taxpayer who is a non-citizen resident...

Are there any types of trusts (revocable or irrevocable) that can be utilized as part of a Medicaid/Asset Protection plan?

An irrevocable trust with Medicaid Asset protection features can be used. Consult with an elder law attorney.