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I have asked a question and I guess I did not word properly. Once the tax below is paid do heirs pay after distribution?
Steven's answer
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Answered on October 21, 2014
I think this was posted a couple of times, but the answer is no. Inheritance tax is paid on the date of death value of the decedent's taxable...
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My sister and I are listed together with our Mother (recently deceased) on a few bank accounts. Our Mother is named first.
Steven's answer
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Answered on October 21, 2014
You have to make sure exactly how the accounts are titled. IF they are joint tenants with right of survivorship as to each of you, once she...
Archived
Should I set up an Irrevocable Life Insurance Trust?
Steven's answer
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Answered on October 21, 2014
In addition to what has been stated by the other attorneys...The main factor in this decision is your potential state/federal estate tax. Someone...
Archived
Does an attorney representing an estate, receive any compensation from the state, for any inheritance tax collected?
Steven's answer
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Answered on October 21, 2014
I assume there is a back story to this question? You also don't mention in what state this is in, PA?
The answer to your question is no....
Archived
How do I stop my great nephew from elder abuse of my mother?
Steven's answer
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Answered on October 21, 2014
The only way to stop this sort of person is to hire a lawyer and file for guardianship over your mother so that the court appointed guardian has...
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I am the only child of my 94 yr old mom she is presently hospitalized. I have power of attorney. Am I responsible 4 her debt ?
Steven's answer
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Answered on October 21, 2014
It depends. Did you sign a contract where you took on personal responsibility for her costs of care? In that case you may be responsible. ...
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If inheritance tax was paid when estate was filed do heirs have to pay when distribution is made?
Steven's answer
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Answered on October 21, 2014
If the inheritance tax return was PROPERLY prepared and paid and the state issues a notice of appraisement indicating that the taxes are agreed...
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I have a certified copy of my Father's death certificate and I am seeking a surrogates certificate for little or no cost.
Steven's answer
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Answered on October 20, 2014
Depending on the issues, a break on the fee might be in order but you have to contact the surrogate to explain what is going on. If you know the...
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How do I report my income taxes to irs, every dollar I nett this year currently has all went toward paying attorneys fees
Steven's answer
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Answered on October 20, 2014
Sounds like a heart-breaking situation but legal fees related to a business are deductible in many instances. Legal fees like these are...
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Its been 3 yrs since DAD passed and my sister and i are both executrixs and the finalpaper work isnt done,can i get in trouble ?
Steven's answer
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Answered on October 20, 2014
If you don't defend yourself you could incur personal liability. You need an attorney right away.
