I was named on my grandmothers will, and I want to remove myself from the will.

The foreclosure relates to the estate not to you personally. You are a beneficiary of the estate; so if the foreclosure occurs against an estate...

As a single member LLC, can I retain any of my adult children as consultants to assist me - assuming they are issued 1099 Misc?

You have not stated the reasons why you are considering this strategy. Are you hoping to save taxes? Do your kids need income? These and other...

Generally, corporation bureaus are indifferent as to who owns a corporation. Sales of stock in a corporation are basically private transactions. ...

Joint Bank Account

The answer really depends on what the contract says with the bank and who put up the money into this account. If the account allows either to pull...

Is the value of annuity held by an insurance company naming beneficiaries, taxable by PA Inheritance Tax?

Yes, annuities are taxable for PA Inheritance Tax Purposes. They are reported on Schedule G of the Form 1500. Please consult with the filing...

As the prior attorney mentioned, a will or a trust would allow for this transfer. A will is more simple, but a trust would allow him access to the...

I made $8000 in 2009 and im self employed, how much will i have to pay back?

If you are self employed and earned $8,000 you must report this income and any related expenses on Schedule C of the Form 1040. You would add that...

Can a POA take money from the estate and open a POD acct and name himself as beneficiary?

Let me be real clear here-your brother can not be trusted. His behavior may be fraudulent and he has clearly breached his fiduciary duty. You...

Won $1200 at a casino in Indiana. Had money taken out for federal income tax and Indiana state tax...do I still owe Ohio taxes?

You must file an Indiana return for two reasons. The first is to determine whether you owe tax to that state. If not you get a refund. Second: ...

My mother died and I received $3,500 from a whole life insurance policy. Am I required to pay her medical debt w/ that money?

Her debts are to be paid only probate assets; so under your example the only $200 of the debt will be paid. You as beneficiary of the life...