Archived
May a power of attorney award monetary gifts (IRS max) to the children of a parent permanently in a nursing home?
Steven's answer
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Answered on December 08, 2009
It depends. You must look carefully at the DPOA to see if it provides specifically for gift giving and under what terms. There are a number of...
Archived
Does the Trust beneficiary have any legal rights to determine who lives on or what happens to the land that is in her Trust?
Steven's answer
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Answered on December 08, 2009
There is no getting around this. You need to step up big time here and get control of this matter. Someone made you trustee to take care of the...
Archived
If parents and one child jointly have an IL bank acct, and one parent dies what are the rights of the survivors?
Steven's answer
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Answered on December 08, 2009
The correct answer may depend on the joint property agreement with the bank. Also, was the survivor who removed the money the person who put the...
Archived
Money given to me
Steven's answer
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Answered on December 08, 2009
The prior attorney offers a practical alternative to settle this dispute. However, do you have any written evidence or a witness that can verify...
Archived
My father died without a will. Can the children deny the inheritance so it all goes to my step-mother?
Steven's answer
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Answered on December 08, 2009
A lot depends on the intestate laws of succession. If you disclaim your interest it would pass as if you predeceased the decedent. Under these...
Archived
Business
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Answered on December 07, 2009
You have given very little facts here. By tax ID do you mean an EIN or a social security number. If it is an EIN then you perhaps formed a...
Archived
I need some advice on taxes asap!!!
Steven's answer
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Answered on December 07, 2009
Ignore this bully and get as far away from him as you can.
First, anything he gave you was a gift and gifts are not income to you. So you owe no...
Archived
How do I update a will cheaply?
Steven's answer
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Answered on December 07, 2009
This should not be too costly assuming your original will was made while a TN resident. To get it done cheaply, you should ask your accountant or...
Archived
Do we need a trust?
Steven's answer
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Answered on December 07, 2009
If you put everything in joint names and you die first, you would have the problem of him not being competent to make a will (or change his will if...
Archived
Utility bills left by deceased
Steven's answer
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Answered on December 07, 2009
You are probably wasting your time and getting aggravated needlessly. Pay the bill yourself for the split month and then have the estate reimburse...
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