I am aware that parents are allowed to give a monetary gift to their children up to a certain amount each year.

Joan is correct in that the annual donee exclusion is $13,000 for 2009 and it adjusts for inflation. However, this gift must be of a present...

Can a trustee of a Revocable Living Trust be given a specific power to make donations and/or gifts of trust assets in Florida ?

Like Mr. Goldman states there is no legal impediments to do this. However, you should consider the tax implications. There are certain types of...

Do succeeding generations, all adults, need to be notified when a trust is being dissolved?

So much of this depends on the actual provisions of this trust. For example, if the trust was to go to you and your siblings after your Dad's and...

Does the excuiter of a trust have the right to change lawyers is there any laws concering this? And who is financaly resposible

Your sister as executrix of your father's estate or trustee of his trust has the power to appoint a lawyer to represent her as fiduciary of the...

As the personal representative can I file the will I believe is most representative of the makers wishes?

If the last will drafted was properly executed and witnessed and it revokes the prior will, then you must probate that later will. The tougher...

Any recommendations for a Phila. area attorney experienced in taxation for performers?

I am a tax attorney and play guitar as a hobby. Does that qualify me? All kidding aside, I can be of service to you this non-filing arena. I...

Edward's comments are correct. As for Pennsylvania Inheritance Taxes from the limited facts presentated it would seem that only 1/2 of the value...

Which state should my will be filed

If you are "domiciled" in Philadelphia County, then your will would be probated there. Domicile generally is determined by many factors such as...

Is an executor of an estate responsble for filing tax reports if person died without any assets

As a Pennsylvania attorney, I wanted to confirm what Jim has stated to you. The only thing to add is that you may want to file the Pennsylvania...

I think X-wife cash my IRA

Although all the facts are not clear, it seems that you filed jointly with your wife and perhaps signed the 2007 return and did not know about...