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My husband and I jointly owned an online brokerage account, a bank account. Since he's passed away this May, do I need to
Cynthia's answer
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Answered on July 24, 2013
You do not need to report the assets you owned jointly with your husband.
You might benefit by showing the draft of your Inheritance Tax Return...
Archived
Are the costs of maintaining an estate ( mother's house) until it is sold (utilites, yard care, etc) deductible on the REV1500
Cynthia's answer
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Answered on July 24, 2013
As long as the house wasn't given directly in the Will to one beneficiary, the Department of Revenue should accept those expenses as deductions, if...
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My husband died in May this year. Our house is jointly-own by my husband and I, tenants
Cynthia's answer
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Answered on July 23, 2013
I am very sorry for your loss.
You do not need to report the house on the Inheritance Tax Return.
All the best to you.
Archived
My sister passed with no will. She was married but was not living with her husband he left her and resides in South Carolina
Cynthia's answer
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Answered on July 23, 2013
I am sorry for your loss.
Generally speaking, when a person dies without a will (that is, "intestate"), her assets pass in accordance with the...
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Can we marry and have separate wills for our respective heirs?
Cynthia's answer
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Answered on July 22, 2013
Any adult with legal capacity to make a Will can leave his or her estate to anyone at all, BUT a surviving spouse has the right to elect a spousal...
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How long after all bills are paid does an executor have to distribute the money that was willed to his daughters?
Cynthia's answer
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Answered on July 22, 2013
From your question, I can't tell whether she paid the inheritance tax, and filed a return (in which case she'd wait for clearance from the...
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Do I need a attorney?
Cynthia's answer
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Answered on July 19, 2013
First, be sure that you have and continue to keep good records of all of your expenditures of your mother's money.
It is time for you and your...
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Why do I have to sign a renunciation form?
Cynthia's answer
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Answered on July 09, 2013
You are probably being asked to renounce your right to serve as administrator of the estate of one of the parties who died.
I'm not sure that...
Archived
What action do I need to take for a house that is in my ex-husband's and my names, who recently died without a will?
Cynthia's answer
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Answered on July 02, 2013
Hopefully, there was a Property Settlement Agreement, or a Court Order, at the time of the divorce, granting you sole ownership of the house. ...
Archived
Inherited dad's estate 50/50 with sibling. He is the executor. May I remain in the home until it is sold? He says I must go.
Cynthia's answer
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Answered on June 27, 2013
You might mention to your brother or his attorney that there are advantages to having an occupied home vs. a vacant one.
I agree with my...
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