How will I close my sons estate? what is the protocal? it has almost been 1 yr.

It would seem that if the house has no equity and it is the only asset of the estate, you should consider tendering the home to the mortgage...

The 3 out of 5 rule is a presumption test not a conclusive test. By that I mean, the IRS uses that test as initial finding of lack of profit. ...

If I'm recently married can I still choose to file as SINGLE status in my income tax return?

No, if you are married as of the last day of the year you only have two choices: Married or Married filing separate. You do not qualify...

Try to go through his papers again. Also, examine his check register to see if there are any checks made to his attorney. If so you can contact...

How legally, does a named adult beneficiary entirely disclaim a bequest in their deceased mother's will who resided in N. J.?

Each state varies, but generally the disclaiming party must sign a form within the statutory period required under the particular state rules and...

About how much real estate tax would be paid on $80,000.

Are you asking about real estate taxes or inheritance taxes. The prior attorney answered the inheritance tax question. As for the real estate...

Clueless Executrix and Sole Beneficiary Unsure of How to Best Assist Testator in Troubled Time

This is a very tough situation for you both legally and personally. It would seem as the power holder, you have the right to act in certain ways...

My brother passed away and has utility bills from his apartment.

His estate is responsible for his debts. You or you family have no personal responsibility for his debts. His debts are to be paid from any...

Does transfered real property before DOD have to be included?

If the transfer was a gift within a year of the date of death, PA will pull this asset back into the taxable estate. The amount included for tax...

Moneys not listed in a will; from mother and father.

Inheritances are not subject to income taxes, so the siblings will not pay any income taxes. If the estate is less than $3,500,000, there will be...