Questions answered by Steven J. Fromm

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To make a Deed of Trust legal does it need 2 notoized signatures, the trustor and the trustee, or just the trustor's signature.?

Steven's answer | Answered on February 13, 2011

You are making a mistake here. Do not attempt to draft a trust document on your own. Your family will pay a larger price than the money you think...

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California Trust document I just received looks very suspicious

Steven's answer | Answered on February 13, 2011

Get an estates attorney immediately to review the document and to take the required immediate legal action that he recommends. If you have these...

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What is the penalty for not reporting S Corporation income?

Steven's answer | Answered on February 13, 2011

These type of failures only lead to greater troubles down the road. The prior attorney lists a whole host of some of the penalties you may be...

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My husband has 4 kids,we bought 3 properties in NY,if hes passes away his kids has any rights on this assets?

Steven's answer | Answered on February 13, 2011

The prior attorney offers important and sound information to you. Be aware that this is the usual problem with second marriages. If left to...

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Is there conflict of interest between an attorney representing a PR and a surviving spouse (left out of will)?

Steven's answer | Answered on February 13, 2011

This would appear to be a clear conflict of interest. You should meet with your own attorney to represent your interests and to challange this...

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Can my step mother change the person managing my dads estate to a bank without our okay?

Steven's answer | Answered on February 13, 2011

The prior attorney offers sound advice. In addition, you should really raise a stink about this contemplated action as this change would be to the...

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DPOA in New Mexico

Steven's answer | Answered on February 13, 2011

I am not a New Mexico lawyer, but my preliminary research indicates that NM has statutory requirement that must be followed. So the DPOA must be...

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WA has no income tax but CA does, will my private disability benefits become taxable if I move to Cali?

Steven's answer | Answered on February 13, 2011

Here is something found at the following IRS link: http://www.irs.gov/faqs/faq/0,,id=199752,00.html "Question: I am receiving long-term...

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401(K)/Pension cash out due to termination/disability

Steven's answer | Answered on February 13, 2011

There is an early withdrawal penalty of 10% unless you meet certain exceptions. One exception that seems to fit your situation would be where you...

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In 2009, my husband inherited 2 properties when his folks died. Can we deduct personal property taxes paid on our 2010 taxes?

Steven's answer | Answered on February 13, 2011

The prior attorney offer correct and excellent advice if the property is still in probate. If it has passed to the three of you, then you can in...

Steven J. Fromm's Answers (9012)

To make a Deed of Trust legal does it need 2 notoized signatures, the trustor and the trustee, or just the trustor's signature.?

California Trust document I just received looks very suspicious

What is the penalty for not reporting S Corporation income?

My husband has 4 kids,we bought 3 properties in NY,if hes passes away his kids has any rights on this assets?

Is there conflict of interest between an attorney representing a PR and a surviving spouse (left out of will)?

Can my step mother change the person managing my dads estate to a bank without our okay?

DPOA in New Mexico

WA has no income tax but CA does, will my private disability benefits become taxable if I move to Cali?

401(K)/Pension cash out due to termination/disability

In 2009, my husband inherited 2 properties when his folks died. Can we deduct personal property taxes paid on our 2010 taxes?