Archived
If a person has a savings account in her name only and she dies, can her family get her money out of it
Steven's answer
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Answered on September 06, 2010
You have a couple options here. First, a will sets out who gets her money and assets at her death and has the advantage of naming an executor/rix,...
Archived
A family member wishes to buy house
Steven's answer
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Answered on September 06, 2010
As I stated to you the other day, the Executor of the will is the one that makes that decision. He can make the decision even if one or two of the...
Archived
Is there a law that says that I must pay federal income tax.
If so were is this law written?
Steven's answer
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Answered on September 06, 2010
As stated these are frivolous and worthless arguments about whether we have to pay taxes. People usually end up in jail for tax fraud making these...
Archived
Is there a law that states that I must pay income tax?
Steven's answer
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Answered on September 06, 2010
As stated these are frivolous and worthless arguments about whether we have to pay taxes. People usually end up in jail for tax fraud making these...
Archived
If I put stocks and mut funds in irrevoc trust do reinv gains/div have to be paid out at some time? Is there $ limit for it?
Steven's answer
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Answered on September 06, 2010
In addition to the elder law considerations, there are gift and income and estate tax implications involved here. You need to do a comprehensive...
Archived
Can a revolcable trust override a bank account with a survivor on it
Steven's answer
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Answered on September 06, 2010
If the boyfriend can prove that your account was a mere convenience account and was not intended as a gift to you, then you may have a problem. ...
Archived
As a trustee of a elderly parent's estate, am I obligated to list my parent's estate as an asset?
Steven's answer
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Answered on September 06, 2010
Your question is not clear, but if you mean do you include as part of your assets your expectancy of an inheritance, most of the time you are not...
Archived
Can I set up a trust for my daughter using her own money?
Steven's answer
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Answered on September 06, 2010
Technically, you do not have control over assets that are your daughter's. If she wants to set up a trust for herself and she is of legal majority...
Archived
How long do you have to keep financial records to satisfy the IRS
Steven's answer
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Answered on September 06, 2010
You may get a lot of different answers on this. First, the statute of limitations is 3 years for most returns. But for fraud there is no statute...
Archived
How do I get my name off of a condo that the bank took possession of (deed-in-lieu) in May?
Steven's answer
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Answered on September 05, 2010
You need to get a copy of the recorded deed with the county where the property is located and then send it to all the parties by certified mail...
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