Archived
Couple owns two condominiums in Manhattan and wants to transfer them to a living trust. What are the requirements?
Steven's answer
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Answered on May 21, 2015
I would hope/assume the client has an attorney who helped them prepare the trust - the attorney should be able to advise them how best to fund the...
What can an executor do when beneficiaries are removing property before the estate has been settled?
Steven's answer
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Answered on May 21, 2015
You should have the executor consult with a lawyer about the proper steps but generally changing locks or putting items in storage for safekeeping...
Hello Does the executor of an estate have the final say in selling price of a house?
Steven's answer
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Answered on May 21, 2015
Beneficiaries can always argue this point, the question is, is it worth it. In many situations it is best for the beneficiaries to get together and...
Archived
Hi i am considering putting my life insurance policy and home into an "irrevocable life-insurance-funded trust." Will the trust
Steven's answer
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Answered on May 20, 2015
Not sure what you mean by pay for itself and also don't know what you mean by good idea? An attorney would need to know more about your situation...
Archived
I have an official will in which I make various bequests. Can I create my own codicil to that will ?
Steven's answer
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Answered on May 20, 2015
Can you? Yes. Should you, definitely not. Just meet with an attorney and have a new will drafted with everything you want. Much less chance of...
Archived
How can I access the money my grandfather left me when i was a minor now that I am eligible to receive it.
Steven's answer
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Answered on May 20, 2015
I am not clear from your description if there is a trust or not and also not clear if the trust terminates at 21 so without reading the language it...
Archived
Are my brother's heirs(children) entitled to his share of my mother's estate?
Steven's answer
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Answered on May 20, 2015
It is not only possible, it is probable. There could be some "survivorship" language requiring your brother to survive your mother but that is...
Archived
My mother promised me her house and I agreed to let her live there
till death but nothing is in writing. I live in Calif.
Steven's answer
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Answered on May 20, 2015
No, the oral promise will almost certainly not hold up. Quitclaiming to you is usually a bad idea. Your mother should visit with an estate...
My parents owe the IRS over 100K. They are 60 years old with no retirement left, lost our house, and no other equity.
Steven's answer
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Answered on May 19, 2015
In addition to the bankruptcy option, you can contact a tax attorney to discuss an offer in compromise or at the very least getting on "CNC"...
Husband stole my half of tax return. it was filed electronically and bank accepted the refund to his single owner acct. ????
Steven's answer
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Answered on May 19, 2015
The IRS uses what ever bank info you provide for the refund to be deposited - it is assumed that when you file a joint return you both agree where...