Can an unmarried couple set up two trust and be the Granter and Trustee solely for each others trust?

Blended families always are tough to deal with. The tough questions arise when there are two groups of children and one from a group dies. Are...

When is the proper time to deduct alimony payments?

Almost all individual taxpayers are cash basis taxpayers. As such you would deduct the payments in the year paid, namely, 2011. Hope this...

Rights as a wife

One thing to do is to never sign on for any debt. So do not cosign or guarantor of any credit card or mortgage or any other debt. As for his...

The executor (who was also an heir) died before the entire estate was settled. What happens now?

First, you are the person who is to complete the administration of the estate and you will have to get letters of administration with the register...

I assume you are due a refund and want to file right away to do so. Usually, only prior year returns that have an outstanding liability are...

If 3 of 4 beneficiaries file a Disclaimer on a property in a Trust, will the remaining 1 receive 100% of the property?

I believe this is the follow up to my suggestion as to the disclaimer. One important point is that you must look at the language of the Revocable...

When ending a business, are the clients fair game to either one of us?

If you have retained counsel, legal ethics preclude any attorney at this forum from commenting.

I have idea for business to sale product but I am upset to share my idea because they can use it but i don,t have the money so I

There are ways to protect ideas through copyright, trademark and patent laws. In addition, if you negotiate with others or talk to people about a...

How to report tax

If this has been your primary residence for this period of time and you were living there at the end, then you can exclude the first $250,000...

Florida has no "legally seperated" status. My wife and I have been seperated since Aug 2010. Can we file taxes as "single?"

You can not file separately. If you are still married on December 31, 2010 you only can file as married filing jointly or married filing...