Questions answered by Thomas F. O'Connell

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I'm one of the heir's of my mother estate and my car is in her name is there anyway to put it into my name without rebuy

Thomas's answer | Answered on September 20, 2014

No, you do not have to buy it back if everyone agrees all that is required is the completion of the standard department of motor vehicle...

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Can a will be changed after the testator dies ?

Thomas's answer | Answered on September 19, 2014

Your question is not clear. What is clear is that the executor can not change the terms of the will. However if the will is confusing and it is...

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My uncle died and I am beneficiary on his savings account.Is this part of his estate ? I am receiving different answers.

Thomas's answer | Answered on September 19, 2014

The account is part of his taxable estate for New York Estate Tax purposes but not part of his probate estate. if that account were the sole...

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Can two sisters be named as executors in probate.

Thomas's answer | Answered on September 19, 2014

You should retain a California Attorney to obtain your appointment as co-administrator of your father's estate if your father died without a will....

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I am the trustee of my mother's trust. She passed away a few years ago. We recently found an IRA

Thomas's answer | Answered on February 20, 2014

Hopefully there are contingent beneficiaries listed on the beneficiary designation form. They could claim the monies by submitting a death...

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I have multiple questions regarding a trust.

Thomas's answer | Answered on February 20, 2014

Why have you not obtained an attorney to discuss your complicated problem which you can not solve on your own? More information is needed then you...

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Protecting Assets From Nursing Home

Thomas's answer | Answered on February 20, 2014

See an elder care lawyer immediately. It is almost never too late seek counsel and protect at least a portion of your father's assets. ...

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In a Will, what's the point of transferring everything to the trustee and then a spouse instead of just to the spouse?

Thomas's answer | Answered on February 05, 2013

You may want to protect the children from having to pay estate taxes on the death of your suppose by avoiding inclusion of estate assets in her...

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In new york state if my father put the house in a living trust so that it won't be sold to pay any of my debt once in my name

Thomas's answer | Answered on December 03, 2012

Your father should probably leave the property to a trust of which you are a beneficiary rather than to you directly. The trust should name a...

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When he passes.. 1. Can the 403b be rolled into an Inherited IRA and if so are there any tricks to that?

Thomas's answer | Answered on December 03, 2012

Yes, the retirement account is part of your father's taxable estate and if the estate is in excess of the exemption amount tax will have...

Thomas F. O'Connell's Answers (64)

I'm one of the heir's of my mother estate and my car is in her name is there anyway to put it into my name without rebuy

Can a will be changed after the testator dies ?

My uncle died and I am beneficiary on his savings account.Is this part of his estate ? I am receiving different answers.

Can two sisters be named as executors in probate.

I am the trustee of my mother's trust. She passed away a few years ago. We recently found an IRA

I have multiple questions regarding a trust.

Protecting Assets From Nursing Home

In a Will, what's the point of transferring everything to the trustee and then a spouse instead of just to the spouse?

In new york state if my father put the house in a living trust so that it won't be sold to pay any of my debt once in my name

When he passes.. 1. Can the 403b be rolled into an Inherited IRA and if so are there any tricks to that?