Archived
If you create a revocable trust in FL can you transfer a house from RI into that trust and have it be valid?
Steven's answer
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Answered on October 27, 2015
I concur with the other attorneys: I would point out a couple of things. 1.) If you reside in RI (where you appear to live more than half the...
Archived
Selling my home, if I receive $4,000 over payoff, $2,000 being my part of closing $, will I have to pay taxes on overage $?
Steven's answer
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Answered on October 27, 2015
If this is your primary residence and you have lived in the home for 2 of the last 5 years you can exclude up to 250,000 of gain so it is unlilkey...
Archived
Receiving remittance as gifts from parents and grand parents
Steven's answer
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Answered on October 27, 2015
Recipients of gifts are not responsible for gift taxes. However if the deposit exceed certain thresholds the recipients may need to report the...
My brother is the executor of my Aunt's estate and is not distributing funds timely, what can I do.
Steven's answer
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Answered on October 27, 2015
You would not want to write a letter to the judge. If the situation cannot be resolved amicably you need to hire an attorney to move it along - be...
Archived
What is Lifetime Gifting? How a 500K gift in Oct 2015 impacts taxation (Form 709?) considering the lifetime 5Mil+ limit?
Steven's answer
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Answered on October 26, 2015
An individual can gift 14,000 per year / per donee without having to file a git tax return. If an individual gifts more than the yearly exemption...
Archived
We are a new 501c3 organization in Columbus, Ohio, seeking an attorney who would be willing to help us pro bono.
Steven's answer
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Answered on October 26, 2015
Some OH attroneys might chime in here but in some larger cities there are pro-bono services or programs for this type of thing. For example in...
Archived
How do I go about foreclosing on tax lien certificates close to expiring?
Steven's answer
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Answered on October 26, 2015
While I cannot speak to the specific procedures in AZ or IL I can tell you that foreclosure is an area where you absolutely need an attorney...
Archived
Probate matter in Wisconsin. The lawyer will not send me my inheritance check and receipt at the same time.
Steven's answer
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Answered on October 26, 2015
While I would advise you to hire your own attorney if you have concerns about what you may be considering signing, the procedure indicated here is...
My mother passed away. Home is under contract. Must we go to probate and is it better she had will or not?
Steven's answer
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Answered on October 26, 2015
Since your mother passed, her estate will now have to complete the sale which means she needs a legal representative of the estate to complete the...
Archived
If my wife and I own a co-op apt by "tenancy by entirety" and if we both passed away? would this apt passed on to our...
Steven's answer
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Answered on October 26, 2015
If you both have died, that means one of you owns the property at death. Typically children would be the only beneficiaries in that...