Is real estate property that is sold and was held in a family trust subject to capital gains tax in NJ.
Yes. The property is held in trust, so the trust would be responsible for the payment of the capital gains applicable to the sale.
Staten Island, NY
Estate planning Lawyer at Staten Island, NY
Practice Areas: Estate Planning, Tax ... +6 more
Yes. The property is held in trust, so the trust would be responsible for the payment of the capital gains applicable to the sale.
I am a local Trusts and Estates attorney. You need to file a petition for letters of administration immediately with teh Surrogates Court. You...
A codicil is an amendment to a will. You should go see an attorney to make sure that it is properly prepared.
The answer is yes. If you transferred your home to your children or to a trust, you need to file a Form 709 gift tax return the next year with...
New York State is extremely aggressive in pursuning income tax, even from those who have moved to Florida. My offices can help. You may call at...
You may have a claim under the Fair Credit Reporting Act. It may be worthwhile to pursue a claim, however, you must consider the amount in...
Usually not. Privacy is one of the benefits of a revocable trust as an estate planning tool.
The answer is that BOTH the trustee and the beneficiaries will be liable for improper beneficiary distributions while tax liabilities remained. ...
Consider avoiding probate all together. Your brother's wife may put your brother up to a will contest, which can be a costly or time consuming...
See the attached chart for New York City: http://wnylc.com/health/afile/15/314/ The income and asset levels may be different in your county. ...