Archived
Am I responsible for owing taxes for retirement money my ex withdrew without my knowledge before we were legally divorced?
Steven's answer
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Answered on September 25, 2014
Mr. Atchley is 100% correct in his answer - see a good CPA or tax attorney. Given the amount involved, remain mindful of how much you will spend...
Archived
I had a 65k second mortgage and settled it by paying 13,500 in 2014. Will I have to pay taxes on the remainder here in Arizona?
Steven's answer
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Answered on September 25, 2014
The issue is not recourse treatment of the mortgage, but discharge of indebtedness. Ask the mortgage company if they will be issuing a 1099c...
Archived
Probate Attorney Drafts Will Giving Life Insurance to Child Who is Not Named as Beneficiary on Policy. Legal Negligence?
Steven's answer
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Answered on September 25, 2014
Most attorneys will review the need to change beneficiaries to carry out the client's wishes. It is common for clients to have confusion about...
Archived
Probate question regarding a Will
Steven's answer
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Answered on September 25, 2014
what is the question, there is no question in the body of the post.
Archived
How can I probate my dad's estate as Administrator. The estate consists of 12 rental properties titled as tenants in common.
Steven's answer
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Answered on September 25, 2014
You should have an attorney! I would consider using another insurance company. If you do not know with certainty that the will exists (have you...
Archived
If a spouse has set up a trust for his wife to start after his death what has to happen before it can be set up?
Steven's answer
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Answered on September 25, 2014
That is hard to answer in a short way...basically assets that are supposed to be in or go in the trust need to get there. This process is called...
Archived
If appointed by an executor to manage finances for an estate, do I have the same liability when reporting personal property?
Steven's answer
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Answered on September 24, 2014
I'm not really clear on the situation here. Typically if it is even possible for a fiduciary to appoint a deputy the liability still rests with...
Archived
Financial Abuse by my son!
Steven's answer
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Answered on September 24, 2014
Misued his POA where he is an agent for you? I would start by looking at your bank records.
Archived
Can I deduct repair and clean up expense on Inheritance Tax return from property that i was Joint on deed?
Steven's answer
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Answered on September 24, 2014
The following language comes from the instructions to the PA Inheritance Tax Return for your reference (Form REV 1500):
"Expenses incurred in...
Archived
As an heir, am I entitled to review the bank records and tax returns of the deceased for the last 3 years?
Steven's answer
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Answered on September 24, 2014
Not automatically no. I would say that if an accounting is filed and you make objections that somehow relate to needing that information you could...
