How do I deal with nj inheritance tax? The "estate" has approximately 50,000 in value, but there is an ira worth 500,000

An attorney would have to look at the whole picture and also the tax allocation clause in the will, if there is one. I would also want to make sure...

What is a Directive that stipulates a change in property ownership upon ones death?

I have practiced in NJ for a number of years and I do not know what a "Directive" is. There is an Advance Directive for health care but that is...

I live and work and own real-estate in Ga just across the state line fro Tennessee. Can I set up my trust in Tennessee?

Do you mean physically meet with a lawyer in TN or do you mean establish the trust in the state of TN? It sounds like you are a GA resident, and...

Does holding your house in a revocable trust protect the asset in a Bankruptcy in Illinois?

The revocable trust does not provide creditor protection - think of it - if all it took to avoid your debt was using a simple trust everyone would...

My mother passed away but before she did my grandfather deeded her the house that he bought for her......

When you say he "bought it for her" you mean figuratively I assume...if he deeded it to her, it was hers at her death. If she died with a spouse...

I defaulted on my current IRS OIC am I able to reinstate

No one is going to know the answer here because it is fact specific. Contact a lawyer right away.

I live in FL and just published my first (of many) novels. What type of attorney do I need to help w/incorporation and taxes?

I would think of a corporate or tax attorney and/or CPA. I would also think about the implications for your estate - should you die these books...

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Other than the inheritance tax due from PA (assuming this is a PA estate and assuming you are of no closer relation to the deceased than a child...

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Mr. Pankowski is correct - stepped-up basis is a result of the asset passing at death versus during life (a lifetime gift). So if a person says,...

I would consult with you attorney on how to proceed - if you can't resolve it you'll need to go the more expensive route of an accounting approved...