My estate is under 1,00,000. My will was drawn up in NYS. I have moved to NJ do I need to have my will changed?

When you move it is always a good idea to review your estate planning documetns - not just wills but also powers of attorney. The issue with your...

What is an insolvent estate? My sister died leaving very few assets and a lot of liabilities. Would this be an insolvent estate

an insolvent estate is where there are more debts than assets. Whether or not to file for insolvency depends on a few factors - usually if there...

Estate Settlement

I agree with Mr. Benz. The practical question is would it be worth the effort and expense? Hopefully a stern letter from an attorney will get her...

How do I file a 1040 for debt forgiveness exempt from gross income due to insolvency?

You are on the right track, and please don't take this the wrong way, but you must use a CPA. Cancellation of debt is one of the more complicated...

My husband and his step sister are the trustees to his fathers will. The step sister passed away. Who handles the estate now?

You would have to look at the will or trustee provisions in the will for the order of trustees. I'm not clear from you question if they were...

If parents reside in NYC and their children reside in New Jersey, does the lawyer need to license in both states?

I think I would want more facts but generally the clients would be the elderly couple - the children would not be the "client" so their residence...

Do I have a case? There was no will

You need to contact an attorney and notify the company of this immediately. In these kinds of cases the company may "interplead" and send the...

What assets are counted when determining whether an Administrator must be appointed or an Affidavit will suffice?

Only probate property is counted - assets owned in the name of the decedent alone (therefore the trust - if a living trust already funded and joint...

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MetLife will only pay life ins benefits to father's estate stating claimant forms can't be used for payments over $10,000 in NJ

There is probably not much you can do - if there is no beneficiary living and no contingent beneficiary it would go to his estate. If these...

Real Estate included in trust?

It would pour over upon your death (or deaths - death of second person if owned jointly) to the trust but it is not already in there. You may want...