Archived
Rather than selling my business assets for a predetermined price, I want to receive a % of future net profits. Any problems?
Steven's answer
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Answered on November 28, 2010
In addition to the points raised by the prior attorney, remember that it is always better to get a lump sum payout. This is the case because a...
Archived
My mother left the house to me. My brother and sister haven't contributed to the taxes
as they agreed. What can I do?
Steven's answer
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Answered on November 28, 2010
Your facts are unclear here. Is mom still alive? Is the house held in your name alone? If so, why would your siblings be oblifated to pay taxes?...
Archived
Dad died.1998 - NO WILL Mom died 2009 NO WILL. My Only Brother doesn't want the house. How do I sell it? Taxes? only worth $40k
Steven's answer
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Answered on November 28, 2010
When a person dies without a will, then the next of kin must petition the court or go to the register of wills to obtain letters of administration....
Archived
In the state of New Jersey, county of Morris, how far back from the date of death may a beneficiary ask for an accounting
Steven's answer
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Answered on November 28, 2010
I am not sure of your question, but an accounting by an executor or trustee should be from the beginning of their services to the date of the...
Archived
Durable Power of attorney rights?
Steven's answer
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Answered on November 28, 2010
This is a clear breach of fiduciary duty. In most states you will need to bring an action against the POA for such breach and attempt to recover...
Who owns property after death: no will.
Steven's answer
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Answered on November 28, 2010
No one has the right to do anything on behalf of the estate until officially named as administrator. The estate is the owner of the house, so you...
Archived
Husband died without will house and car in his name. What happens to assets.
Steven's answer
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Answered on November 28, 2010
When a person dies without a will, then the next of kin must go to the register of wills to obtain letters of administration. Once you have...
Archived
My Mother died in Jan 2005 in MI and left $600,000 to be divided among me & my 5 siblings. My sister, the executor of the estate
Steven's answer
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Answered on November 28, 2010
This is a bad situation. First, you are late in responding to this problem, Second, there should be no federal estate taxes on a $600,000 estate,...
Archived
The company my husband worked for for many years was sold last year, and all of the ESOP money was to be paid out.
Steven's answer
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Answered on November 25, 2010
You need to retain an ERISA/employee benefits lawyer to review the documentation if you can not get a conclusive answer. If the plan is being...
Archived
I am 1/2 recipient of an estate, my sister is the executor, but she will not consult me on anything, Do I have any rights at all
Steven's answer
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Answered on November 25, 2010
As executrix, she needs to account to all beneficiaries for all assets of the estate. The monies from any sales are estate assets and should be...
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