Questions answered by Steven J. Fromm

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My parents are thinking about giving me an early inheiritance of a house how will it affect my tax liability?

Steven's answer | Answered on June 27, 2012

Mr Atchley offers sound advice. A gift during lifetime can be a bad idea and can be fruitless to boot. If you receive the real estate via gift,...

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My mom pass away about a month ago

Steven's answer | Answered on June 27, 2012

You need to probate her estate and be named as administrator/trix so you have the power to deal with and for her estate. This will allow you to...

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Are there are ways to protect an asset from assisted living expenses in Massachusetts?

Steven's answer | Answered on June 27, 2012

Speak with an elder law attorney in her area before doing anything. Hope this helps. Please remember to designate a best answer to your...

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Where do I find forums, communities, and websites to target asset protection and estate planning attorneys?

Steven's answer | Answered on June 27, 2012

Start here at Avvo under the Find A Lawyer tab. Also discuss this with your CPA/accountant to get recommendation or other trusted professionals. ...

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Pennsylvania estate law

Steven's answer | Answered on June 27, 2012

Both attorney offer sound advice. There is not fixed time frame for closing an estate. If there are children from different marriages the...

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Personal rep - probate court

Steven's answer | Answered on June 27, 2012

Usually the filind of an inventory is done only once. However, a full and complete accounting is what you want to see at the end of the probate...

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If my daughters father wanted to claim her on his taxes and we didn't discuss this in our agreement can he do that?

Steven's answer | Answered on June 27, 2012

If you do not sign the Form 8332 he cannot claim her. Also, the noncustodial parent may not claim the child as a qualifying child for purposes...

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My father died six montages ago, he had no will. Title to his land was only in his name not my mothers.

Steven's answer | Answered on June 26, 2012

His estate needs to be probated. Retain an estates attorney to assist you in this process. For a sense of what is involved in administering an...

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Can a tax lawyer do a better job than say tax masters

Steven's answer | Answered on June 26, 2012

As both attorneys point out, go with the best to resolve any prior messes. Get a good tax attorney and if you cannot afford one get a good tax...

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If we sell rights to distribute in a certain country, and use money for product development, is that taxabile for the LLC?

Steven's answer | Answered on June 26, 2012

My word, you are entering into these transactions without tax and corporate counsel. If you are a serious business person you need a team of...

Steven J. Fromm's Answers (9012)

My parents are thinking about giving me an early inheiritance of a house how will it affect my tax liability?

My mom pass away about a month ago

Are there are ways to protect an asset from assisted living expenses in Massachusetts?

Where do I find forums, communities, and websites to target asset protection and estate planning attorneys?

Pennsylvania estate law

Personal rep - probate court

If my daughters father wanted to claim her on his taxes and we didn't discuss this in our agreement can he do that?

My father died six montages ago, he had no will. Title to his land was only in his name not my mothers.

Can a tax lawyer do a better job than say tax masters

If we sell rights to distribute in a certain country, and use money for product development, is that taxabile for the LLC?