Questions answered by Steven J. Fromm

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What are estate tax and gift tax consequences of a parent givting assets in an irrevocable trust befor the parent dies.

Steven's answer | Answered on November 29, 2012

Any monies or assets placed in an irrevocable trust are subject to gift taxes. If the gift is of a present interest and that needs to be finessed...

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Do I need to open a case in probate for my brother who is deceased in washington DC two years ago.

Steven's answer | Answered on November 29, 2012

This is only getting worse as you wait around. Mr. Frederick offers sound advice. By all means get an estates attorney involved to get moving on...

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In state of GA how can you protect liquid assets prior to a short sale negotiation with lender? Trusts? FLP? any legal ideas?

Steven's answer | Answered on November 29, 2012

Mr. Lodmell offers sound advice. You really need to sit down with the attorneys suggested and a financial planner to discuss financial options and...

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Should you fight a will that was taken over under shady circumstances

Steven's answer | Answered on November 29, 2012

Mr. Frederick offers sound advice. The reality is that these cases are hard to win but not impossible. The facts really matter and the only way...

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How to complete probate

Steven's answer | Answered on November 29, 2012

You have waited far too long. This type of behavior is simply unacceptable. Get new counsel immedaitely and discuss bringing disciplinary charges...

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Does the form for "renunciation and/or nomination," need to be filed (informal probate), if the will clearly names the executor?

Steven's answer | Answered on November 29, 2012

You really should retain estate counsel to assist you with an estate administration. Both attorneys offer sound advice. At least give them a call...

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How does one probate an estate?

Steven's answer | Answered on November 29, 2012

YOu would be well served to get with an estates attorney and a malpractice attorney. Do not even think about doing this on your own. You are...

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My domestic partner left me as the beneficiary on both his retirement and life insurance. He was separated from his wifefor 13yr

Steven's answer | Answered on November 29, 2012

Probably not, but there are some issues that need to be looked at. Generally, life insuance is outside the probate estate and is payable to the...

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Can a worthless piece of property be loaded into a new LLC to protect me from mounting property taxes?

Steven's answer | Answered on November 29, 2012

You are basically too late. You should have used an LLC to purchase the property to avoic any personal exposure.

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I have 940 and 941 tax liens from a collapsed business. How can I eliminate these

Steven's answer | Answered on November 29, 2012

You may not be able to do so. Under Section 6672 you have personal liability for trust fund taxes. This is a rude surprise to any business owner....

Steven J. Fromm's Answers (9012)

What are estate tax and gift tax consequences of a parent givting assets in an irrevocable trust befor the parent dies.

Do I need to open a case in probate for my brother who is deceased in washington DC two years ago.

In state of GA how can you protect liquid assets prior to a short sale negotiation with lender? Trusts? FLP? any legal ideas?

Should you fight a will that was taken over under shady circumstances

How to complete probate

Does the form for "renunciation and/or nomination," need to be filed (informal probate), if the will clearly names the executor?

How does one probate an estate?

My domestic partner left me as the beneficiary on both his retirement and life insurance. He was separated from his wifefor 13yr

Can a worthless piece of property be loaded into a new LLC to protect me from mounting property taxes?

I have 940 and 941 tax liens from a collapsed business. How can I eliminate these