Archived
What happens if the person chosen in a living trust dies before the grantor? Will property be considered the deceased estate?
Steven's answer
|
Answered on August 11, 2015
I'm not sure if you are doing planning or if you are asking now that someone has died? I believe you are asking what happens if a beneficiary...
Archived
I need to get either a will or a living trust for my Wife. I just inherited a home and want her to have it if I should pass on.
Steven's answer
|
Answered on August 11, 2015
You thought that was expensive? While an estate plan does not need to be thousands of dollars, you have to realize that yo get what you pay for. ...
Archived
Looking to do a hardship withdrawal from my retirement account to purchase a home. How much will taxes be?
Steven's answer
|
Answered on August 11, 2015
You should sit down with a CPA to do the calculations. If you make an early withdrawal you are subject to a 10% penalty unless you fall under one...
Archived
An article I read lists The Pennsylvania will probate process timeline. Is this timeline enforceable and what recourse is avail?
Steven's answer
|
Answered on August 11, 2015
Generally speaking the executor has pretty wide latitude with what they can do to secure property. You are making a statement of your opinion as...
Archived
Must a Trust made from a NJ Will by husband & Wife, containing a Disclaimer clause, require the Survivor and a named Trustee.
Steven's answer
|
Answered on August 10, 2015
It depends on the situation what is best. A strict disclaimer trust does not have to have someone other than the surviving spouse. This was not in...
Archived
I sold a house my brother left me in his will.do I owe federal and state taxes on this money
Steven's answer
|
Answered on August 10, 2015
I will assume the estate was handled properly and you held title (Deed) in your name and treated it as a business property. If so, you likely do...
Archived
If there are 3 people on the deed of a house, and person A dies what rights would Person A's Successor have?
Steven's answer
|
Answered on August 10, 2015
First, I would note that you need the advice of a local probate attorney (Assuming the decedent was a resident of MS, that would be a MS attorney)....
Archived
How do you obtain Power of Attorney over a sick parent?
Steven's answer
|
Answered on August 10, 2015
The other attorneys who answered are correct - she may be able to make certain amounts of limited decisions if various institutions will work with...
Archived
What should the lawyer preparing an estate plan (Trust) tell clients at the time the plan is prepared?
Steven's answer
|
Answered on August 10, 2015
Most decent estate planning attorneys will provide some sort of follow up and/or written instructions. I state such in my letter of engagement and...
Archived
My mother passed away and her only dependents is me and my other 5 sisters.
Steven's answer
|
Answered on August 10, 2015
Not sure what you mean by "dependents" in this context but it sounds like the children are the surviving heirs-at-law (closest relatives) and are...