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In the case of a Trust where both Trustors are deceased, who takes precedents for documents, etc. the Trustee or the Next of Kin
Steven's answer
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Answered on January 25, 2016
If you are the trustee you have power of trust assets (not necessarily burial issues). If there is also a pour over will if the executor is not...
Archived
Can i save the house and pay the back taxes so i wont get put out but my name isn't on any documents but I lived here for yea
Steven's answer
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Answered on January 25, 2016
I agree that you may be able stay (postpone) the sale but the question is who owns the house now that the person died? You have to find out if the...
Archived
Am still have to pay the 10% penalty? Who should I contact the IRS, or my Investment/plan management firm? What can be done?
Steven's answer
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Answered on January 25, 2016
It is possible you may be able to avoid the penalty under one of the exceptions to the early withdrawal rules but that is not immediately evident...
Archived
How much does it cost to do wills?
Steven's answer
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Answered on January 25, 2016
It depends on the situation and the attorney involved. I would advise you to contact an estate planning attorney so you can sit down and review...
Who is responsible for funeral expenses if there was no will?
Steven's answer
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Answered on January 25, 2016
Who, if anyone, made the contract with the funeral home? That person if they provided a guarnaty would be responsible. Otherwise the estate would...
Archived
Which legal markets have the most trust and estate jobs for newly minted lawyers?
Steven's answer
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Answered on January 25, 2016
Couple of thoughts: If you want to work on complex tax and estate you have to go where there is money or a higher concentration of wealth (big...
Archived
Legally, can i claim both of my kids for taxes since I have 77% timeshare with them in 2015?
Steven's answer
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Answered on January 25, 2016
If I am not mistaken you are saying your custody agreement does not specify who can claim the children as dependents? If not, see the attached link:
Archived
How do you go about proving an elderly person is not capable of living alone unassisted?
Steven's answer
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Answered on January 25, 2016
It sounds like she has a life estate that can be terminated upon her no longer residing there. Since it sounds like she may be legally...
Archived
Can an executor of a living trust "give back" the gift of a residential property to the estate after the fact?
Steven's answer
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Answered on January 25, 2016
If she gifted the home to you while she was alive, her estate and trust have nothing to do with it. If you try to move an asset now, in avoidance...
Archived
Will interest still accrue on the remaining moneys owed (i.e. - the penalties & accrued interest) for the 2012 tax year
Steven's answer
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Answered on January 23, 2016
Unless the payments you have made have been designated as "tax only" (and this would normally only be for amounts so designated while NOT under a...