Executor of estate that has a home under foreclosure notice
Why are you paying estate debts? If the house is "under water" namely, its debts exceed its value, once again why are you paying estate debts? ...
Philadelphia, PA
Probate Lawyer at Philadelphia, PA
Practice Areas: Probate, Estate Planning, Tax
Why are you paying estate debts? If the house is "under water" namely, its debts exceed its value, once again why are you paying estate debts? ...
If your Dad's will called for her getting all assets that would take precedence over the percentage split that you reference probably under the...
The prior attorney raises important points. In addition, you need to know whether the house was placed in trust at dad's death or the will speaks...
If she dies with the asset in her name (probate), you will get a step-up in basis to the date of death value. You and your brother can then sell it...
Usually, if they are asking they have the right to enter premises. You should check with tax counsel in MN, however, to be sure. Also, be sure...
Be careful here. In Pennsylvania, IRAs are not given the same legal protection as corporate retirement plans. So you need to check with...
The delay is usually the result of getting tax clearance from the PA Inheritance Tax Division. The return is due 9 months from the date of death. ...
Each of you have a $250,000 tax exemption while single. So if each of you sell your own property you can each recognize up to this amount in gain...
Yes, once you receive assets from the estate then they are in your name. At that time, if the government or creditor has a claim against you that...
The following is a simplified explanation. First, there is something called "assignment of income" that would prevent you from doing this. This...