Questions answered by Steven J. Fromm

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Is a lump sum disabilty settlement taxable?

Steven's answer | Answered on October 31, 2010

From Publication 525, Taxable and Non-taxable income, "Compensation you receive for permanent loss or loss of use of a part or function of your...

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I was due a refund from a cruise promotion of $498.00 and they refuse to refund my money

Steven's answer | Answered on October 31, 2010

Put your demands in writing and send it regular and certified mail. Then call again and keep working your way up the chain of command until you...

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How to find a Divorce Attorney who will help me

Steven's answer | Answered on October 31, 2010

Call the Bar Association or legal aid office in your area as a starting point. Perhaps you can find some one to help you on a pro-bono or at least...

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I have a friend who lived and died in Connecticut. I'm in NJ. Will I owe tax on my inheritance?

Steven's answer | Answered on October 31, 2010

Inheritances are not taxable income at the federal level and in most states. So no you will not have to pay income taxes on this amount. As for...

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I am 63 and owe 34,000 on student loans for my daughter. Is there a tax advantage in withdrawing IRA funds to pay off?

Steven's answer | Answered on October 31, 2010

There is no tax advantage in that you will pay income taxes now instead of letter the IRA monies accumulate tax free until you reach 70 1/2. This...

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Im excutor of parents will and ive already been paying the bills and taking care of everything now i have to go to probate why

Steven's answer | Answered on October 31, 2010

I agree with the prior attorney. What you have done can not be continued after their deaths. The only person that can legally act for an estate...

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Teens Occupying Estate

Steven's answer | Answered on October 31, 2010

It would seem that you need to immediately retain an estates litigation attorney in your area to assist you in (1) having these parties removed,...

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Guardianship

Steven's answer | Answered on October 31, 2010

You need to meet with a family/estates lawyer to discuss the possibilities under your particular factual situation. All cases are different and the...

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Enter your question here. e.g., Do I need a real estate attorney?What must I do as a grandparent to obtasin guardianship

Steven's answer | Answered on October 31, 2010

You need to meet with a family/estates lawyer to discuss the possibilities under your particular factual situation. All cases are different and...

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Who can legally verify that the time has come for my elderly mother (age 91) and her companion (age 89) to accept help?

Steven's answer | Answered on October 31, 2010

You should meet with an elder lawyer to discuss a legal guardianship arrangement and other related issues. Only in a face to face meeting with a...

Steven J. Fromm's Answers (9012)

Is a lump sum disabilty settlement taxable?

I was due a refund from a cruise promotion of $498.00 and they refuse to refund my money

How to find a Divorce Attorney who will help me

I have a friend who lived and died in Connecticut. I'm in NJ. Will I owe tax on my inheritance?

I am 63 and owe 34,000 on student loans for my daughter. Is there a tax advantage in withdrawing IRA funds to pay off?

Im excutor of parents will and ive already been paying the bills and taking care of everything now i have to go to probate why

Teens Occupying Estate

Guardianship

Enter your question here. e.g., Do I need a real estate attorney?What must I do as a grandparent to obtasin guardianship

Who can legally verify that the time has come for my elderly mother (age 91) and her companion (age 89) to accept help?