If I pay estate debts out-of-pocket am I establishing a priority claim against the estate?

To be ultra-conservative, you may want to execute a promissory note as the administrator of the estate to you personally to legally document your...

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I had a similar experience in PA with one of my clients. Here they had a procedure available by signing certain forms whereby the sole beneficiary...

Does the beneficiary of a funeral policy have the right to refuse paying the funeral costs and will they get all the money?

If this was a policy bought by your father for his funeral, the funeral home is in breach of contract if they fail to use the policy accordingly. ...

Convert a NY C corp to a DE C corp - tax implications?

In my experience the use of DE corporations is vastly overstated and overrated. My general opinion is that if you are operating in New York and...

If any property is not in the will.does the excutor have any control?

The executor controls probate assets, those that were in the decedent's name alone. Joint property is controlled by the joint tenancy...

Do I have to pay any income tax on inheritance money?

The only exception would be if you inherited a savings bond or an annuity or other item of income in respect of a decedent where there is some...

How do I add a partner to my current LLC?

Tax Point: Remember that the LLC will no longer be a disregarded entity, so you can not simply report the activity on your Schedule C Form 1040. ...

I received a check from a trust and would like to apply it to my 2009 taxes & payoff 2 lloans for prior taxes, how do I proceed?

If the check is still fresh, you may want to talk to the trustee. Ask if they could make payments directly to the lenders and have a smaller check...

Can I be removed from my own LLC partnership bank account without consent?

Your facts are confusing-who are you getting divorced from? You did not state your share ownership. Anyway, if you own a significant portion of...

Taxes owe 2002 and 2003

It seems quite clear that you and the IRS have a different version of the facts. You need to meet with them to determine how they came up with the...