Is there any gift tax implications if a co home buyer puts more down $ but we have 50/50 percent ownership as Tenants in Common?

If it is a gift of equity, which it appears to be, then yes it is a gift. If you are paying back a loan to "equalize" the initial investment it is...

Will i get in trouble for claiming both our children on my taxes?

So long as your ex did not claim the same person as a dependent it is unlikely you will run into an issue. The IRS will cross-reference the ss#s...

Do I need a letter if I want to gift someone money up to $14,000 or a couple $28,000 so they are protected from tax?

No there does not need to be a letter. And just to be clear - it is not the person receiving the gift (donee) who has to worry about the potential...

What forms besides a will should I fill out to make sure my daughter is taken care of should something happen to us? Do i need a

Parents with minor children can name guardians in a will. You can also nominate temporary stand by guardians in separate documents. This is...

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How do I cash out stock certificates in an estate? Do I need to worry about W-9 tax forms when liquidating stock in an estate?

If there is no estate open, an estate needs to be opened and an executor (if there is a will) named or an administrator (if no will) named. Only...

Our mother died recently and has a Living Trust. My sister and I are Trustees. What must happen next to the trust?

The other attorneys are correct. You can't amend the trust. If you are beneficiaries, and you are entitled to some or all of the money, you can...

5 Siblings in AR. One chose to be executor. How much do we pay him? Imagine total Estate valued $100,000-120,000.

I am not an AR attorney, but for a point of comparison NJ sets the fee at about 3.5% for most estates. That would be $4,200 if it is all probate...

According to the will, I am the executor and sole beneficiary of a estate worth less than 400k appx costs to settle the estate?

It really depends - some estates we bill hourly and some we do a flat rate. I would take someone up on a free consultation and try to make a...

Our dad died. he left my mom when i was 6 and never paid child support. he died and my half sister is power of attorney.

Mr. Koel is 100% correct. The child support issue will have no effect, either.

Is it necessary to open an estate account

I agree with the other attorneys - it doesn't matter the address but if it is payable to your father or your father's estate you'll have to open an...