If I get a new probate lawyer do I have to pay the old probate lawyer out of pocket or will he be paid from the estate?
Mark's answer
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Answered on November 30, 2022
While technically your attorney has a right to be paid upon termination of the representation, most will accept an agreement from new counsel that...
Should an executor trust his lawyer with the original copy of the will
Mark's answer
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Answered on November 30, 2022
The original Will ultimately needs to be filed by the intended Executor with the Register of Wills when you file a Petition for Letters...
How to remove children from a deed in pa that the children also agreed to be removed from the deed
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Mark's answer
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Answered on November 29, 2022
My condolences on the loss of your husband. The act of removing the children is as simple as having a new Deed prepared from the children to you of...
PA Inheritance Tax on Real Estate under joint tenancy. Aren't the renovation and repair costs used as deductions?
Mark's answer
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Answered on November 23, 2022
My condolences on your loss. However, the guidance you received was not off base. While the estate didn't contribute to the expenses, one-half of...
Do i pay inheritance tax on the total sale of the property when it was distributed between the daughter and ex-wife?
Mark's answer
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Answered on November 23, 2022
While I agree with the answers provided above, I wanted to chime in that you do have a correct understanding of the general concept of how the tax...
I just need some clarificationon what goes where on this Estate file packet?
Mark's answer
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Answered on September 14, 2022
Just a short description of their interest, such as "one half of the net distributable residuary" or whatever fairly describes their gift. As she...
Do I need an inheritance tax waiver?
Mark's answer
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Answered on May 12, 2022
The financial companies are inconsistent regarding their request for an inheritance tax waiver for IRA's. If they demand one, then you should go...
Who would be liable in this situation?
Mark's answer
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Answered on May 12, 2022
As for the Deed, it sounds to me as likely just an error that was resolved. While titling to the surviving spouse may have been incorrect, putting...
Why and how to deal with Roth IRA WITHOUT beneficiaries?
Mark's answer
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Answered on May 12, 2022
You have several options. One is to do what the company is suggesting. Then you have the flexibility to leave a substantial portion of the account...
In filling out form REV-516 to PA Dept of Revenue, how much is "percentage taxable" to each beneficiary? Would that be 100%?
Mark's answer
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Answered on May 12, 2022
To supplement Mr. Zellinger, however, I believe the "percent taxable" question on the Rev-516 is asking how much of the asset passes to the listed...
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