Where do you enter full time student 18 year old son on taxes to claim him?

You report him under the dependent section on the front page of the Form 1040. Hope this helps. If you think this post was helpful, please check...

What is the difference between a legal will and a living will

A living will is generally thought of as a advance medical directive. It lays out your wishes concerning medical choices you want your power...

I am inheriting money from a sale of a secondary residence, do i claim this as income or just the capital gains part?

Your parents made a gift to you of this residence at the time the deed was recorded. For purposes of calculating gain, you take a carryover basis...

Father's girlfriend asks to be appointed adminitrator of is his estate, who has been lying to beneficiaries about everything.

Your family needs to retain experienced probate counsel immediately. I can not comment about California laws, but in PA the administrator would not...

The prior attorney has given you good advice. One additional point is that PA requires an annual fee for LLCs based on the number of members as of...

Do I have to file income tax return if I was unemployed and did not receive unemployment benefits for 2009?

Your income must meet various thresholds for federal and state taxes before there is an obligation to file such returns. So it would seem that...

Capital Gain Tax Liability

Your basis in the house is comprised of two parts. The first is your half of the basis which includes the price paid plus improvements. So if you...

What does the Residuary clause actually cover?

The list if far from conclusive based on the fact you present. If we are talking about a list of personal items or property, they are generally...

What happens to mortgage if someone passes away?

The mortgage would be a debt of the estate that would be paid from assets of the estate of your grandmother. So if she has other assets they could...

What should be considered with estate planning when a beneficiary is receiving state welfare benefits?

As the prior attorney stated, your facts probably call for the use of a special needs trust. This will take control away from her and perhaps...