Archived
I have JTWROS bank, CD, and other accounts with my 2 parents. If I die first, do my parents have to pay 4.5% PA tax on my 1/3?
Steven's answer
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Answered on December 18, 2012
In most cases, such arrangement would result in an inheriance tax if you died first. Setting up a trust would avoid probate and if you are named...
Archived
Surviving Spouse doesn't want to reveal and probate will?
Steven's answer
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Answered on December 17, 2012
You must face the hard reality that you are in a legal fight and you need an estates attorney to assist you. Retainers are required in such...
Archived
My grandmother died this year. How can I find out about her will and estate?
Steven's answer
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Answered on December 17, 2012
The will is a matter of public record. Go to the Register of Wills in Indiana County. A trust however is not probated so it would not be...
Archived
In PA, heir-1 dies after the decedent and before estate is settled, is estate double taxed from heir-1 to heir-2?
Steven's answer
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Answered on December 17, 2012
Also, if the will has a conditional survivorship and the beneficiary failled to meet it, then there would be no second tax. For example, if the...
Archived
Regarding adding my brother to the title on my home that is fully paid for.
Steven's answer
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Answered on December 14, 2012
Both attorneys offer sound advice. This is not a good idea generally. Once you put his name on the deed you have made a completed gift to him. ...
What happens if beneficiary of a trust dies before the age required to receive trust and a clause states an age must be attain
Steven's answer
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Answered on December 14, 2012
Both attorneys offer sound advice. To get a conclusive answer have the document reviewed by an estates attorney. Anything less than that is...
Archived
Legality of the will...
Steven's answer
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Answered on December 14, 2012
These type of questions indicate you are out of your league in this area. Get an expert to have the will dreafted. You need legal traning and...
Archived
How do I get a will certified in probate court in the state of Missouri
Steven's answer
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Answered on December 12, 2012
Both MO attorneys offer sound advice. You should call either of them or both of them to assist you in this process. Do not try to do this on your...
Archived
Us taxes to be paid on inheritance from Canada
Steven's answer
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Answered on December 12, 2012
Inheritances are not taxable income to the beneficiary under Section 102 of the Inthernal Revenue Code.
Archived
Can an estate executor be easily removed for letting real estate be sold for delinquent taxes for two years
Steven's answer
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Answered on December 12, 2012
Mr Frederick is correct here. It all depends on the liquidity of the estate and the overall facts. This could have been a good or bad decision...
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