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Are there any attorneys willing to look over wills, living trusts, etc. that have been prepared with kits?
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Answered on August 05, 2010
You are to be commended for realizing that these kits can be problematic. The prior attorney made some excellent points. My only follow up is...
Archived
Hi I recieved 37,000 from my mom esate she passed in 1999. Do I have to pay taxes? and how much
Steven's answer
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Answered on August 05, 2010
The previous answer is generally true from an inheritance tax perspective. From an income tax perspective, bequests are generally not taxable...
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Cost of Probate Lawyer
Steven's answer
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Answered on August 02, 2010
With all due respect to the prior attorneys, the rules in PA are not as they state. Under the Johnson case, a percentage can be charged for assets...
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I will be receiving a life insurance payout on my mother's benefit, which will be addressed in my previous married name.
Steven's answer
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Answered on August 02, 2010
The best thing to do is to speak with the insurance company to provide them with documents to update their files with your current name. ...
Do beneficiaries of an irrevocable trust pay PA income tax on the distributions?
Steven's answer
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Answered on August 02, 2010
The prior attorneys have laid out the basics. Remember that when a trust files a final return, all assets are distributed to beneficiaries. When...
Is CD intrust for taxable for inheritance tax? How much - parent leaves for child?
Steven's answer
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Answered on July 30, 2010
Your question relates to PA inheritance taxes, although the prior attorney touched on some of the federal estate tax rules. PA taxes in trust for...
Archived
I want to remove my name as owner of a corporation- what do I do
Steven's answer
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Answered on July 28, 2010
First, you should resign as an officer (president, vice-president, secretary, etc.) and as board of director. As to your shares of stock, you...
Archived
What are the options of the minority stockholder?
Steven's answer
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Answered on July 28, 2010
From a tax perspective you need to look at Section 482 of the Internal Revenue Code. Briefly this section deals with transfer pricing and allows...
Archived
How important is it to have a living will?
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Answered on July 28, 2010
There is a difference between a living will and a will. The living will provides for advance medical directives and a surrogate to act for you. ...
Archived
I live in arkansas. Instead of signing over my home to my son, in case something happens to me, can I just have a joint tennand
Steven's answer
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Answered on July 27, 2010
The prior attorney states many of the alternatives. Remember, however, that if you gift some or all of your home to your son, he will not get a...
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