My mothers will is 21 years old. Is it still valid?Many things have changed in our lives & she never updated it
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Answered on January 29, 2014
Did she pass? If the will was valid then, it is valid now. See an attorney about how to deal with the estate and if there are any things that can...
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What is the difference between a revocable living trust and an irrevocable living trust?
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Answered on January 29, 2014
Let's break it down: Revocable Living Trust. Revocable- you can change it - change it's terms, disposition (who money goes to), take stuff in and...
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What kind of power of attorney do someone need to take control of his or her parents daily affairs?
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Answered on January 29, 2014
It all depends on whether they have mental capacity to sign any documents such as wills, trusts, powers of attorney. I would therefore get them to...
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Do I need an attorney for this matter?
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Answered on January 29, 2014
Yes you need a lawyer. The verbal promise really doesn't mean anything - other than perhaps helping you in amicably settling things with the...
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Tax Advisor / Attorney question Tax burden; My non-citizen, non-resident mother wants to send me a gift cash to buy a condo.
Steven's answer
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Answered on January 29, 2014
Mr. Wagner is correct. There should be on consequence to you in terms of you having to pay any tax.
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TESTAMENTARY DUTIES. 1) Do I have to list all assets own as joint tenancy ? 2) Do I have to pay a filing fee on them ?
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Answered on January 29, 2014
If the assets you speak of are joint with right of survivorship they are considered non-probate assets which to my knowledge in my jurisdictions...
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What are the disadvantages of setting up a trust after we are married
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Answered on January 29, 2014
It is not at all clear what your concerns or issues are or even what type of trust you are considering. It would be wise to sit down with an...
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What can I do to stop my siblings from taking my deceased mothers funds in her trust?
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Answered on January 29, 2014
Who is the trustee? Only the trustee is allowed to withdraw funds. Even if this is a living trust and your mother is trustee it is still not...
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Can a jointly owned home be claimed in a judgement?
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Answered on January 29, 2014
No. If your father had a debt or an estate debt - meaning a debt that was only his - that claim can only be made against his estate/probate...
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What's the best way to receive gifted money from overseas under $100k?
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Answered on January 29, 2014
I think you basically asked this question twice but the answer is the person receiving the gift doesn't have to do anything. Gift taxes are paid...