1My daughter received letter from the IRS on 6/27/14 for $50,000 for back taxes 2. What needs to be done and how soon?

She needs to see a qualified CPA or attorney. Depending on her income and expenses as calculated under IRS guidelines she may be able to pay a...

Yes, one co-admin can file a petition to have the other removed. I have done this several times. The success of it depends on the facts and it...

I need to sell/dispose of my sister's home (I am executor). What are my options since it has been on the market for a year now?

Have you explored a deed in lieu of foreclosure? At least to make it go faster.

Are we liable for neglect or any other charges, should my mother die in her home? If so how do we rescind our Power-of-Attorney?

You need to make a decision about what is best for her care - in home care, nursing home, taking her in. Whether you can do that with the POA(s)...

Can I contest an Application for Letters of Administration in Surrogate Court?

Assuming she was married to your father at death, she would have the right to administer his estate. Your concern is really going back to the...

Is it better to list individual benificarys on a regular Ira or I have a revocable trust in my name . I have 5 adult children.

Ms. Johnson offers a good answer: I would emphasize that naming the individual children as beneficiaries is preferable to the estate, and in some...

Mothers died dec. 2013 sold her home how long does the estate have to invetegate before were entiled our money

If you have questions about how the executor is handling the estate, put they questions to him/her or the attorney for the executor in writing. Or...

In Nov 2013 my mom passed away. 6 months earlier me & my sister reach an agreement where she received a sum of money and I recei

Since you are represented and your attorney has a better understanding of all the facts involved, ask your lawyer. If you are looking for a second...

About Inheritance

If this is in the U.S. and your father left a valid will, the will says what happens. Period. Someone's notion of what they think should happen...

Do my sister and I need to revoke our living trust in order to divide our assets into two separate accounts?

I would want to see the trust first, but if you are the grantor you can probably revoke it or simply take the funds you need. There may be no need...