Archived
What are the pros and cons of transferring my home inti my daughters name now thereby avoiding inheritance tax in pennsylvania?
Steven's answer
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Answered on January 14, 2011
The prior attorney offers sound advice. By gifting the property your daughter takes a carryover basis in the property and not a stepped up basis...
Archived
Transfer of a tenancy in common after death
Steven's answer
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Answered on January 14, 2011
Since you are not asking another attorney to give an opinion as to another lawyers conduct, attorney can ethically give you general information. ...
Archived
How much in legal fees for having a firm assist in the selling process for a small insurance agency that is worth about $500+?
Steven's answer
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Answered on January 14, 2011
For transactional services, attorneys generally charge on an hourly basis. The hourly rate is usually set based on experience, expertise,...
Archived
Investment question
Steven's answer
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Answered on January 14, 2011
The prior attorney offers some good insights and questions to consider. Here is a more blunt assessment. Minority owners often create problems. ...
Durable vs General Power of Attorney
Steven's answer
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Answered on January 14, 2011
A durable power of attorney allows for the power holder to act when the maker becomes disabled. A general power of attorney lapses at the moment...
Archived
My husband recently inherited a farm and owns 25%. If his siblings do not want to buy him out. What are his options?
Steven's answer
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Answered on January 14, 2011
He can file a partition action to force the issue. He needs to retain an estates or real estate lawyer to assist him.
Hope this helps. If you...
Archived
Can my fiance claim me and my 18 & 20 year old children on my taxes?
Steven's answer
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Answered on January 14, 2011
I disagree with the prior attorney's response. There is something called a "qualifying relative" under Section 152 of the Internal Revenue Code...
Archived
My father just died leaving credit card debt and took a home equity loan out on the house. My mom has been left with nothing
Steven's answer
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Answered on January 14, 2011
Sadly, debts must be paid before beneficiaries receive anything from an estate. In your situation, the credit card debt and the equity loan must...
Archived
Can I file my own summary of administration form ? after my mother passed I kept paying the house insurance.
Steven's answer
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Answered on January 14, 2011
The prior attorney offers sound advice. A long shot would be to call the insurance company to ask them if you could return the check and have it...
Archived
Cost of trust administration--too high?
Steven's answer
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Answered on January 14, 2011
Legal ethics preclude attorneys at this site and otherwise to comment about matters where another attorney is retained.
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