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My stepmother took the money left to me in my grandfather's will but never gave it to me. How do i enforce this?
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Answered on July 30, 2012
If your grandmother did not file a formal accounting with the Court, the statute of limitations never began to run. As a result you can bring an...
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We are planning to purchase property in florida in one of our kid's name with cash from our house sold in NewYork. How to do?
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Answered on May 09, 2012
Presently, the lifetime gift tax exclusion is $5 million. While you will have to file a gift tax return, but there will be no tax due.
Also, the...
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Can a landlord force my Mom to pay rent?
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Answered on March 20, 2012
Usually most assisted living facilities will allow a companion to stay in the same unit with a resident. They not charge the aide as a residence...
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How does the $750,000 home equity exemption for Medicaid in NYS for home health care work? What happens if home is worth more?
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Answered on March 20, 2012
The $750,000 equity cap is absolute. If you have more than $750,000 you are not eligible for Medicaid benefits. You can reduce the equity by taking...
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Our mother died but was on medicaid. Can her house be transferred over to her son who is disabled without paying back medicaid?
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Answered on February 04, 2012
A transfer to a disabled child is an exempt transfer for Medicaid
eligibility purposes and would also prevent recovery. However, unless...
Trustees sold house in New York that was in an Irrevocable trust, which answer is correct on Capital Gains?
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Answered on January 15, 2012
Being your original post you said there was an understanding that your parents can continue to live in the house. Subsequently discovered that the...
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House in a Irrevocable trust and grantor passed away
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Answered on January 14, 2012
By transferring the house to a trust and it was considered a completed gift, your basis is $19,000 plus the cost of capital improvements over the...
Can I exclude my son-in-law from inheritance?
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Answered on January 08, 2012
The only person is your spouse. you're not obligated to leave anything to anyone, including your children.
Not only can you cut out your...
Can I exclude my son-in-law from inheritance?
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Answered on January 08, 2012
The only person is your spouse. you're not obligated to leave anything to anyone, including your children.
Not only can you cut out your...
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I am a beneficiary of my fathers estate and signed a agreement to settle the account.
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Answered on January 06, 2012
Three years of income tax returns and agreement generally does not usually constitute an effective accounting.
Understand an Accounting in this...