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As administrator of my son's (he died intestate) can I transfer a MV title to my other son and does he have to pay sales tax
Steven's answer
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Answered on April 11, 2013
I assume that the heirs at law are the parent/parents? Thus it is actually a gift from parent/parents to your other surviving son. I don't see...
Can my stepmother change my fathers Will and his Trust, if she is the executor on the estate?
Steven's answer
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Answered on April 11, 2013
Mr. Perry's answer really could not be better.
Selected as the best answer
Archived
Giving tax-free gifts to my children
Steven's answer
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Answered on April 11, 2013
Mr. Bernick is correct. Actually you can give $14,000 to each donee (recipient). If you give about that amount (or $28,000 for gifts if you are...
Archived
When does an estate have to go through probate? How much does the estate have to be worth?
Steven's answer
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Answered on April 11, 2013
Mr. Fischer offers a perfect answer. The cost of probate in PA is not very high. Probate does not apply to joint property with right of survivorship
Archived
My wife and I were recently married
Steven's answer
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Answered on April 10, 2013
I would not think you would have an issue. Gifts such as these are not taxable for any purpose to the recipient (you).
Does my Federal Return have to match my State return?
Steven's answer
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Answered on April 10, 2013
Do they have to match? Well what is considered taxable income from a federal standpoint and state standpoint can differ greatly in some situations....
Archived
Do I need a Quit Claim Deed to make sure I get my Mothers condo at her passing or will normal inheritance take care of it?
Steven's answer
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Answered on April 10, 2013
You and your mom should go visit with an estate planning attorney, to iron out the details and so you both understand what will happen at her...
Archived
How long does a trust take to settle after liquidation of all assets
Steven's answer
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Answered on April 10, 2013
There is really not a set answer to this because it depends on a lot of factors, not the least of which is what the trust actually says about...
Archived
How can I go about getting POA over someone that has past away..
Steven's answer
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Answered on April 10, 2013
It is not "POA" you are looking for. Since the person died, an estate has to be opened and assuming there is no will, an administrator needs to be...
Archived
Can we require that 4 adult children keep our house (left to them in trust) in S Clara Valley and rent it instead of selling?
Steven's answer
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Answered on April 10, 2013
In a general sense the type of trust you are considering is more than doable and legal. On the other hand you have to think about the...