Generally speaking, the fees are based on the probate estate value at the date of death. It would seem that that value would control here. But to...

If you are the surviving joint tenant, then you are the owner of the entire property. So if enter into a disclaimer of your interest in the...

What happens if POA closed bank accounts and put the money in the one open account that they are the benefiicary?

It would seem that a POA should not be used to change the wishes of the decedent but to facilitate them. From this it could be argued that the POA...

Is a person who invests money into an LLC entitled to be paid back if no loan agreement was ever created or signed?

If he reported the loss as a partner in 2008, then he has recognized his loss already. Why is he now wanting you to document a loan? He can not...

How to form an LLC in Mi?

For the forms needed you can contact the corporation bureau of your state; it is usually at the state capital. If the LLC is owned by you...

Yes, but only based on the pro-rata share amount in the decedent's name. In addition, the executor can file the PA Inheritance Tax Return and...

A Casino reported winnings to IRS that we did not receive. Now the IRS wants us to pay taxes. What should we do?

This situation really depends on your documentation. Remember that all of your losses can be used to offset your income; however, if not a trade...

Tax implication for money inherited from my father that had lived and passed away in Israel.

Generally, under the Internal Revenue Code Section 102, gifts and inheritances are not taxable income to the recipient. Assuming any estate tax...

How do we obtain posessions of the deceased?

You need to locate your father's will. This will allow you to probate the will that will give the executor/rix the power to act for the estate. ...

First, keep in mind that the trust document determines whether you can liquidate the trust at this time. If it can not be liquidated, then a...