Can debts be inherited by beneficiaries? Should I refuse to be beneficiary and executor of my ex-husband's estate?

Beneficiaries generally are not required to pay the debts of a decedent. You should not be advising him what to do about his childrren. He needs...

1099-misc forms

If your LLC is being treated is being treated as a partnership, then you report income to each member via a K-1 (Form 1065) not a form 1099MISC. ...

Will the irs keep my tax return?

If you filed a joint return, the IRS may keep your tax refund to pay the child support. If you filed married filing separately, the can not keep...

CA Business law, removing an officer/shareholder in a C-Corp

Stop the bleeding and shut the doors immediately. Assuming there is no shareholder agreement or a non-compete agreement and as you say you can not...

How can grown children receive part of an estate if the current husband is refusing to cooperate?

You need to take control by hiring counsel in the state where your Mom died. This will allow you to get an adminstrator named if you can not...

Your sister has breached her fiduciary duty as the power holder. She had no legal right to do what she did and she is in fact holding the money in...

Should I have paid gift tax?

Your brother is wrong. A gift is completed upon delivery and intent to give the property. It would appear that there was a completed gift in...

When a person dies,isn't the will suposed to be filed? No evidence that my stepmother has filed it in Florida. Death was 8/4/09.

My fear would be that the step-mother destroyed the will if the terms were not to her liking. Also, you may want to check the recorder of deeds...

I am a benediciary of a Trust and the trustee wants to transfer the trust to my name shoudl this cost anything?

The prior two answers treat the normal costs involved. From a tax perspective, there would be no gift or estate tax costs, unless this is subject...

Taxes due on children who inherit EE and E bonds. Estate less than 1 million.

Yikes, you are still asking this question. This is clearly IRD and from an income tax perspective it is taxable income to the recipient. As an...