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Steven M Zelinger's Answers (9236)

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Can someone spend money out a deceased person account or can they sale there property if the will has beneficiary's?

Steven's answer | Answered on January 19, 2015

A will must be followed. Otherwise why would people have a will if someone could just do whatever they wished with another person's estate? If you...

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I live in Cabarrus Co.,NC. My father wants to quit claim his home to us. What are the tax implications?

Steven's answer | Answered on January 18, 2015

This course of action is almost never a good idea. While the person(s) receiving it won't have to pay gift tax your father would need to file a...

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My mother has passed. Her will can not be found. How do I divide her assets any further with my two brothers.

Steven's answer | Answered on January 18, 2015

If the house is joint with right of survivorship the will would not matter anyway so the deed has to be looked at closely. If she truly has no...

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My car is in my name, the financing loan is in my father's name. He passed away does the debit die with him?

Steven's answer | Answered on January 18, 2015

No - his estate carries the debt. The lien holder can take back their security interest - I suggest you obtain your own loan to payoff the...

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TO change the executor on a will, can I just cross out it and print the person I want on it, then get it notarized?

Steven's answer | Answered on January 18, 2015

Absolutely not. Never write on a will. Go see an attorney to do a codicil or redraft and execute the will properly with witnesses.

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Special Needs Trust

Steven's answer | Answered on January 17, 2015

Are you asking how much should go into it for a particular beneficiary (child?)? There could be a million ways to answer such a question so your...

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Is there a way my cancellation of debt could be an exception so I don't have to claim it on my taxes?

Steven's answer | Answered on January 17, 2015

If you are considered insolvent, there is a limit on the amount of discharged debt income you have to report. It will be worth it for you to...

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Mother died. leaving estate to 5th son in her Will. Deed is in her name and 1st sons name.

Steven's answer | Answered on January 17, 2015

I'm quite unclear on the facts here so my advice is to see a lawyer with the relevant documetns to have them reviewed. From what I can gather...

Archived

How long does a Trustee have to release Trust money once it is matures.

Steven's answer | Answered on January 17, 2015

It depends what the trust says. The trusee may be preparing an accounting before final distribution (if in fact that is what is supposed to happen)...

Archived

My parents have about 20 million worth of real estate. I'd like to get married. How can I protect those assets?

Steven's answer | Answered on January 17, 2015

This is an expected gift to you or inheritance? If so, it is your parents that can probably help you significantly by doing their own estate...