Archived
Is deceased estate obligated to pay outstanding liens and or medical bills once property is sold; property value approx $50,000
Steven's answer
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Answered on July 23, 2015
As my mentor once said, probate is a lawsuit you file against yourself for the benefit of your creditors. Estate debts (those of the deceased...
Archived
How long can I extend the income tax filing? Is there any prison for not filing?
Steven's answer
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Answered on July 22, 2015
I would simply echo Mr. Cappuccio's answer. For personal income taxes you can only extend 6 months but that does not relieve the need to pay. ...
Archived
My aunt left a will for all her siblings to inherit her house. She passed away 2 months ago and the house was sold for $1.4M.
Steven's answer
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Answered on July 22, 2015
It really depends on the situation - there are circumstances where the estate has to wait for tax clearances (usually inheritance tax and/or estate...
Archived
If you tear a will in half does that mean it's void.
Steven's answer
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Answered on July 21, 2015
Generally speaking, tearing up a will is considered a revocation of the will - that is predicated on the fact that there is only one original will...
Archived
Can the IRS still attempt to collect back taxes from 2003
Steven's answer
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Answered on July 21, 2015
Ms. Grace who answered is correct about the law. I will say that in many cases taxpayers have for one reason or another extended the statute. If...
Archived
Distribution of assets after death when no will is written before death?
Steven's answer
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Answered on July 21, 2015
While there are many factors involved - chiefly how he owns these properties or any other assets - if he has no will the estate would be divided...
Archived
Question regarding settling an estsate
Steven's answer
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Answered on July 20, 2015
Hopefully he will come around and settle things amicably - most estate in PA are settled "informally" by what is called family settlement...
Archived
How is the best way to move a very large trust fun from England to the USA? Must be legal.. Need information
Steven's answer
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Answered on July 20, 2015
You need the advice of attorneys both in the UK and US before even considering such a thing. It may or may not even be a good idea. I think you...
Can I change executors in a Florida will with a codicil? If so, does the codicil need to be notarized?
Steven's answer
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Answered on July 20, 2015
A codicil needs to be executed with the same formalities as a will. As long as you have the requisite mental capacity you can change your will.
Archived
Is it illegal for a family member to deposit your taxes in their account after being told a paper check would be mailed to you?
Steven's answer
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Answered on July 20, 2015
The only person who should receive and deposit a tax refund check is the taxpayer herself. End of story, otherwise there is something improper...