Archived
Can the IRS collect or threaten legal action on income taxes from 1997?
Steven's answer
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Answered on May 01, 2013
Yes there is a statute of limitations, particularly one on assessment (usually 3 years) and one on collection (usually 10 years), the question is...
Archived
My father died in texas but owns two farms in indiana. his lawyer filed probate in texas. do i need to file probate in IN
Steven's answer
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Answered on April 30, 2013
When an individual owns probate real estate in more than one state an "ancillary probate" needs to be opened where there is other real estate. I...
Archived
If I have a life estate in my house, can I sell it if I need to?
Steven's answer
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Answered on April 30, 2013
No. You do not own more than your life interest. If the home was transferred to your children, they would have to agree to sell it as well.
Archived
My father passed away,only wrote and signed a letter that stated I was to be POA, Do I have to go through probate?
Steven's answer
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Answered on April 30, 2013
Sounds as though it may qualify as a holographic will and per the other attorney who answered AZ recognizes such wills. I would contact the local...
Archived
Can a person serve as an estate administrator on behalf of the principal through a notarized power of attorney document?
Steven's answer
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Answered on April 30, 2013
I agree with the other attorneys that another person has to serve as administrator.
Archived
I need to get a power of attorney on my aunt who is in a nursing home what do I do.
Steven's answer
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Answered on April 30, 2013
Mr. Frederick's answer is exactly what I would have said.
Upon death, what takes precedence, a will or a revocable trust?
Steven's answer
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Answered on April 30, 2013
In *most* revocable living trust situations, there is a "pour over will" and a revocable living trust (usually signed/ set up at the same time)...
Archived
I recently bought a triplex and live in one of the units, do I need to set up an LLC to deduct expenses for the rental units?
Steven's answer
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Answered on April 30, 2013
You should consult with an attorney and/or tax advisor. It is usually beneficial for people who own rental properties to set up an LLC or other...
Archived
What is federal unified credit?
Steven's answer
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Answered on April 30, 2013
I assume you are speaking / asking about the federal unified credit for gift and estate taxes. ?
Archived
My mom didnt file her taxes in 2002. Her credit report shows a federal tax lien filed in January 2004 for $108,000 total.
Steven's answer
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Answered on April 30, 2013
The prior poster Mr. Cappuccio is correct.
