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My ex's will stated that all accounts in a financial institution to be placed in a Supplemental Trust Fund for my son's...
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Answered on December 12, 2014
I am not clear about your statement that you are the trustee but you are not getting information? Is there a different executor that is not...
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If you have limited power of attorney to sell real estate, does the document have to be recorded by the office of deeds?
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Answered on December 12, 2014
The power of attorney woudl be recorded with the deed. The power of attorney statute did change and there are a number of things that are now...
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My mother was a NJ resident and had a joint account with me. I can't remove her name from it because her estate is large
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Answered on December 11, 2014
i agree with the other attorneys. You won't be able to get more than 1/2 for a while.
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Do I need to go to probate in both MI and AL, if the person died intestate in AL but held all their property in MI?
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Answered on December 11, 2014
The location of the probate matter would be where he resided at death which sounds like AL. You would be advised to have an attorney in AL. ...
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Do I keep my tax returns indefinitely until I sell my rental property to prove depreciation & expenses incurred?
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Answered on December 11, 2014
There is no guidance anywhere that indicates you need to keep records for more than 7 years. However I tell people to keep the stuff forever, or...
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Can an estate be sued by small claims?
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Answered on December 11, 2014
If there is an estate, typically the creditors can file a claim, sometimes called a Proof of Claim with the probate court. There is a statute of...
In an Offer in Compromise to IRS, as an S Corp owner, do i declare my income as "net income from business" or "Distribution"?
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Answered on December 10, 2014
Mr. Atchley is correct. You also don't indicate if these are personal taxes or business taxes - I assume personal based on your description. I...
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Why go through probate if someone has no assets
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Answered on December 10, 2014
Sounds like he is filing suit and the proceeds, if any, would therefore be payable to your father's estate. In order to sue and get proceeds where...
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My Dad passed away leaving $2000 in an account held jointly with me in NJ. I told the bank I want to remove his name from the
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Answered on December 10, 2014
Form L-8 could be used if the estate were not over $675,000, but since it is you need to file NJ Estate and Inheritance Tax Returns. Once filed,...
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My mom has passed and I am the beneficiary of her annunity. Her wish is that I divide equally with two sibling.
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Answered on December 10, 2014
IF you share it or not, that's up to you. Many annuities will have a taxable portion that is taxable as it is withdrawn. If you share it, since...