Archived
If two people get married and they both have property, what do they need to do to be able to keep their property in their name?
Steven's answer
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Answered on November 16, 2013
A combination of a prenuptial agreement and proper personal estate planning should be sufficient. It will likely be necessary for each person to...
Archived
In this trust, If the husband dies first, Would the "specific distributions" not be made until the wife passes away?
Steven's answer
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Answered on November 15, 2013
Sounds like distributions are only after second spouse ("upon death of surviving grantor" usually means there were two spouses who formed the trust...
Can I revoke my renunciation of my fathers estate? A new asset has been discovered and I want my share!
Steven's answer
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Answered on November 15, 2013
You sound knowledgeable about this situation but I question your wording. Usually in NJ a renunciation is the document used to say you don't want...
Archived
My mom did not take the required mimimum distribution when she turned 70.5 on her small ira. What should we do?
Steven's answer
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Answered on November 15, 2013
Sit down with a CPA and/or financial advisor to review the situation. There are applications to waive the penalty which may or may not be successful.
Archived
Is it legal to ask for money online if it is for a good purpose
Steven's answer
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Answered on November 15, 2013
You can ask. But if you're not a 501c3 the donors can't legally take a tax deduction on their federal taxes.
Archived
Does the IRS share info with SSI at taxes season?
Steven's answer
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Answered on November 15, 2013
Yes. and all year.
Archived
2 of 8 beneficiaries of a large estate need a property to sell right away
Steven's answer
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Answered on November 15, 2013
Largely a judgment call by those wanting to wait - the ones who want to wait could buy the other 2 out?
Archived
How long can a home be left in a family trust after the owner has passed away?
Steven's answer
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Answered on November 15, 2013
The trust may say. If the trust does not say, and there is no dispute, there practically speaking is no limit because there would be no one to...
Does SSI and the IRS share information?
Steven's answer
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Answered on November 15, 2013
Yes they do. They share income information -
Archived
Am I now to take charge of my father's estate?
Steven's answer
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Answered on November 15, 2013
If he had a will and there is a backup executor that person should take action to be appointed. If there was no will there could be more than one...