If my husband passed away with a minimum to no estate, do I need to sell his belongings to satify any debt?

When a person dies, his estate becomes the owner of all his assets and is liable for all of his debts. State probate laws generally provide that...

Please, are government educational grants awarded to an individual for school tax deductible? Thanks.

The question is not whether they are tax deductible. The question is whether they represent taxable income to you. In many cases these grants are...

Do I have to declare a college plan refund as income and if so, how much of it?

If this was your plan and you received the proceeds from the termination of the plan, then it would be income to you. Under assignment of income...

How can i resolve with my ex-wife who can claim a child on their taxes?

Each factual situation is different in these matters and the facts really matter here. For more on the tax rules in this area, please see my legal...

The prior attorneys offer sound advice. The only thing to add is that if your mother was over 59 1/2 at her death PA subjects the IRA to...

401k question

You do not have the power to remove the money to another investment vehicle using an IRA in most cases. However, if he is not depositing timely...

My husband is the oldest in his family his mother is dying what if any legal rights does he have as to say what happens .

He should get her an attorney to immediately draft a will to express her wishes. At her death any power of attorney becomes void. If she dies...

Does executor of a will handle all personnel accounts separete from a living trust?

If the trustee sold trust property, the trustee has the obligation to retain the proceeds in the trust to invest them prudently. The money should...

Does an executor look after personal accounts separete from a trust?

If the trustee sold trust property, the trustee has the obligation to retain the proceeds in the trust to invest them prudently. The money should...

You do not state who the the joint tenants are on this deed. The qualifiers relates to cases where the parties are married. There would be no...