Archived
My brother died, his girlfriend has the car, how do I obtain possession? I will pay note but want car first.
Steven's answer
|
Answered on September 23, 2013
The only person(s) who can legally take possession of a deceased person's assets (estate assets) is the person's legal representative (executor or...
I have an existing will, but would like to change the executor. The will was drawn up several years ago, two of my children
Steven's answer
|
Answered on September 23, 2013
You can do a new will or a codicil (amendment) to the existing will. Go see an estate planning attorney for an overall review of your estate plan...
Archived
My father is terminally ill. He has three kids under the age of 16 that he has full custody of. I wants me to have legal
Steven's answer
|
Answered on September 23, 2013
Of course, it is up to him, but he can name you as the potential guardian for them. Typically the other parent would have rights, but he still can...
Archived
What are the tax implications of selling homes that were gifted to me. My cousin gifted me 2 homes that were in the family.
Steven's answer
|
Answered on September 22, 2013
You need an attorney and/or a CPA to assist you. Capital gains on property received by gift is calculated by taking the sales price minus the...
Selected as the best answer
Archived
Federal Estate Tax Return Schedule M
Steven's answer
|
Answered on September 22, 2013
Not clear what the question is here. Schedule M states, generally, what passes to or for the benefit of the surviving spouse and what qualified...
Archived
Does real estate need to be sold if decedent owes credit card debt?
Steven's answer
|
Answered on September 22, 2013
Probate debts are payable out of probate assets. You cannot shortchange the creditors or pay them out of order, etc. Technically the real estate...
Archived
I am an heir in my aunt's will do I have a legal right to ask for all financial transactions that affect the will?
Steven's answer
|
Answered on September 22, 2013
You should probably have your own attorney. As a beneficiary you are entitled to the financial records you reference here, no question. The issue...
Archived
What all can be itemized when filing for taxes.
Steven's answer
|
Answered on September 21, 2013
You can look at the IRS forms Sch A, etc. Best course of action is just to go to a reputable CPA.
Archived
Can I deed my house or half to my wife? It is under my name, I have IRS lien (personal).wife wants to borrow to remodel.
Steven's answer
|
Answered on September 21, 2013
You definitely need an attorney to determine the best course of action. If you transfer the house the IRS will consider it a fraudulent...
Archived
What entity filing status is best for our business formation to achieve asset protection and limit taxation?
Steven's answer
|
Answered on September 21, 2013
Mr. Corrigan is probably correct. Seek out an attorney to advise you on the best state for formation and also remember to have a partnership...