Generally, deeds transfer real estate to a new owner. However, proceeds from sales and income from trust assets, if the trust permits are...

First be aware that the will becomes irrevocable at mom's death as well as the trust. No one can alter these documents, except a judge in rather...

When a person dies without a will, the laws of intestate succession of the state in which they were living at the time of their death controls the...

Loss of Realestate owned by single member LLC

This is a sale or exhange of real estate. You need to total up your basis and offset it against anything you received in exchange (seems like zero...

S corp requirements

Because S corporations have limitations concerning passive income that can either result in disqualification or corporate level taxes, you need to...

When there are more then one executor is the fee of say 3% split or does if one get 3%

I agree with the prior attorney. The only thing to add is that that 3% and what the attorney receives as compensation must meet the test of...

I agree with the prior attorney. In addition, these will substitutes are generally a bad idea, since the parties are making decisions without the...

Is an annuity considered Life insurance for death tax purposes...... Also.... is a form issued to the state from the bank once

As for the annuity question, it is not considered life insurance. Only life insurance is exempt from PA Inheritance Taxes, not annuities. At the...

My mother passed in 2010 she had a Revocable trust are any cap gaines tax due on the sale of this home

I agree with the prior attorney. Put more simply if the estate is less than 1.3 million, there would be a basis step up to the date of death...

How start non profit Organization for prevention of the substance abuse and violence with hispanics in Miami?

If you are talking about a tax exempt organization, you need to qualify the corporation under Section 501 of the Internal Revenue Code. First you...