Archived
My husband passed away in May. Is it best for me to file taxes as married filing separate or still file married filing jointly ?
Steven's answer
|
Answered on October 26, 2015
You can file either way. I would take your tax information to a CPA to run the return under both filing methods and see what is best.
Archived
Do I need a real estate attorney? How can I get authorized?
Steven's answer
|
Answered on October 26, 2015
You need to become the administrator of the estate. If your mother died with no spouse and only children (or you are the only child) her estate...
Archived
Are inheritance taxes based on the estate's gross value or net value?
Steven's answer
|
Answered on October 24, 2015
This is one case where you should speak to a Maryland attorney specifically. Inheritance tax varies from state to state. I am not a MD attorney...
Archived
What are the tax implications & requirements of cash gifts from foreign relatives?
Steven's answer
|
Answered on October 24, 2015
You will not have to pay gift tax on the money as the recipient (Donee). You will likely have to report its existence. I would speak to a tax...
Archived
Beneficiary of annuity
Steven's answer
|
Answered on October 24, 2015
Usually the beneficiary would contact the annuity provider to complete the claim paperwork. Do you know the company and that you are in fact a...
Archived
Successor trustees rights to have key to deceased parents mobile home in Nevada after sibling was evicted owing rent.
Steven's answer
|
Answered on October 24, 2015
I doubt it - if the property is in the trust, the trustee should be treated like any owner and have full access. Contact an attorney to get them...
I have will, living will, power of attorney. Do I need to put my house in my children's names. I am 72 year old widow.
Steven's answer
|
Answered on October 24, 2015
In some situations transferring a home to children could make sense, but they are rare instances. More than likely the better course would be to...
Archived
Can Non-Spouse IRA beneficiary leave traditional IRA in the deceased person’s name?
Steven's answer
|
Answered on October 23, 2015
So you are saying the account owner passed away. The account had a beneficiary designation to a natural person - the natural person beneficiary is...
Archived
As a sole successor, trustee of widowed mother's Rev.Trust can I transfer money from Trust acct. to personal account?
Steven's answer
|
Answered on October 23, 2015
If your mother still has capacity I don't think it would be a big issue to essentially transfer her own funds to her own account because she would...
Archived
What do i need to do to get power of attorney over my father? How much does it cost?
Steven's answer
|
Answered on October 23, 2015
Whether or not your father can execute power of attorney documents (health, financial) depends on his competency. If he is not competent then he...