Archived
If my parents gift my brother, our children and grandchildren money from their saving or IRA can a nursing home still take it?
Frederick's answer
|
Answered on June 13, 2016
A gift from an IRA requires a withdrawal by your parents first which will cause a taxable event. Your parents are free to gift to you. However...
Archived
My sister in law is in a nursing home ,can she leave her house to her daughter instead of her husband
Frederick's answer
|
Answered on June 12, 2016
The answer is yes. However, how old is the daughter. If she is under 18 years old it will be complicated and expensive. In addition, her husband...
Archived
Is my stepfather allowed to continue collecting rent on my deceased mothers house or must he live in it or sell it?
Frederick's answer
|
Answered on June 06, 2016
If the Will gives your grandfather unfettered life use of the property he would have the right to rent the property and keep the net profit.
Archived
As a new trustee for a NY crut, am I entitled to compensation under scpa 2309 1 & 2 or 5 b & c
Frederick's answer
|
Answered on June 06, 2016
Unless the trust specifically provides that the trustee is to serve without compensation, you are entitled to a fee. Start be reviewing the trust...
Archived
I inherited money from my mom. I took that money and put it in my name and husbands than bought a house with those funds.
Frederick's answer
|
Answered on June 05, 2016
Your question is difficult to answer in this forum. Is your husband willing to transfer the property to you or a trust for your children? If your...
Archived
Do I need to go to Probate Court if I am are trying to sell my mother's home in New York who passed 3 years ago without a will?
Frederick's answer
|
Answered on May 30, 2016
If the house is in just your mother's name it will be necessary to have an Administrator appointed. Although you can try to petition the court...
Archived
What are possible motivations for siblings to ask parents to change executor on their will from son to lawyer?
Frederick's answer
|
Answered on May 22, 2016
Sadly, you answered your own question. Your siblings don't trust you. The capacity of your parent is a separate issue. It could be the basis for...
Archived
What action can I take as executor to get get him evicted? What are my options?
Frederick's answer
|
Answered on May 22, 2016
As the Executor you have authority over the estate assets for the benefit of all of the beneficiaries. You are in a difficult position. The...
Archived
PROBATE - is there a Deadline to file in NYS?
Frederick's answer
|
Answered on May 20, 2016
1. There is no specific deadline to file for letters. However, a delay may cause the loss of assets.
2. Preliminary letters are available and...
If a documents was notarized with by a notary whose commission has expired, how does that effect the validity of the document?
Frederick's answer
|
Answered on May 20, 2016
A Will is not notarized in New York. The notary is of no cosequence. The affidavit of witnesses is notarized. If in doubt, simply have the...