Archived
I would like to know if I need to pay gift tax when I transfer my property into my irrevocable trust?
Bryan's answer
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Answered on July 10, 2018
New York does not have a gift tax. With regard to federal taxes, you'd file a gift tax form with your personal tax return, but no tax would be due...
Archived
Can I sell prints of a painting that I bought? It is by a famous NYC artist who died in 1935. Thanks
Bryan's answer
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Answered on July 09, 2018
I have re-categorized this question from probate to the intellectual property section.
Archived
What kind of attorney do I need?
Bryan's answer
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Answered on July 09, 2018
A probate attorney can help you prepare an accounting.
Selected as the best answer
How can i find out if someone else claimed inheritance that was left by my father when he passed away in 1999 in Puerto Rico
Bryan's answer
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Answered on July 09, 2018
You can contact the court in the jurisdiction where your father died to see if there was a probate or estate administration proceeding. Most...
Does the Dominican Republic acknowledge a power of attorney form made in the U.S?
Bryan's answer
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Answered on July 09, 2018
Unless the Dominican Republic requires otherwise, you will need to have the power of attorney apostilled under the Hague Convention. There is a...
Archived
I’m 13. and I used my moms creditcard without permission
Bryan's answer
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Answered on July 08, 2018
The police don't investigate matters like this. If she reports it to the credit card company, they will cancel her card and re-issue a new one to...
Archived
Is the estate of a deceased property owner required to pay outstanding bills and taxes on a property before it's transfer?
Bryan's answer
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Answered on July 08, 2018
The estate is liable for your grandmother's utility bills. If you want to know if there are liens on the property that may cloud title, you should...
Archived
If I was willed a table set and there is a debt on the estate do I have to buy the table set?
Bryan's answer
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Answered on July 08, 2018
Creditors must be satisfied, and the creditors period should run before distributions are made. As a practical matter, most people are not...
Archived
What entity should I file my business under (LLC, Inc., etc)?
Bryan's answer
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Answered on July 05, 2018
Generally, the comparison is between a forming a limited liability company (LLC) and an S corporation. You form an S corporation by creating a...
In New York State, am i permitted to cross another property owners land to access my parcel if it is landlocked?
Bryan's answer
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Answered on July 05, 2018
The survey on file with the municipality may reflect the presence of an easement. Under the circumstances that you describe, if the documents do...