Archived
Is the Trustee of a R L T required to list in specific detail a complete breakdown of an inheritance to ALL beneficiaries?
Steven's answer
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Answered on February 27, 2013
I am not exactly sure what you are getting at and I suppose there is a backstory to this question, correct?
If you are a beneficiary and you...
How's the monetary portion of an inheritance disbursed if beneficiaries live miles apart?
Steven's answer
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Answered on February 27, 2013
Most estates just write checks. Certified mail or return receipt could be used or a carrier like FedEx. I suppose you could directly wire funds...
Archived
In OHIO my mom has a will that states that her children (4) share equally her assets. My father has passed away.
Steven's answer
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Answered on February 27, 2013
Most likely, no he is not. I would have the will reviewed by an attorney to determine what happens to your sister's share. It is not clear from...
Archived
In NY State, when someone has a will and does not name a deceased child, but names two other children to receive proceeds of
Steven's answer
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Answered on February 27, 2013
See prior answer as I think you double posted.
Archived
In NY State, when someone has a will and does not name a deceased child, but names two other children to receive proceeds of
Steven's answer
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Answered on February 27, 2013
I agree with the answer of Mr. Karvay. If a child was born and died prior to the testator (will maker) and is excluded, they and their children...
Archived
My friend wants to sell land she owns jointly with her niece but the niece refuses to talk and has not been paying her taxes.
Steven's answer
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Answered on February 27, 2013
This is a tough situation. If the question is, will it be difficult to partition the land, I think it usually is difficult to partition property...
Archived
Is a loss in a taxable year deductible from inheritance taxes received the same year?
Steven's answer
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Answered on February 27, 2013
The inheritance received has not a thing to do with your regular income, unless you received estate income (a K-1) that was distributed. ...
Archived
Can the IRS offset a refund if its given for your child?
Steven's answer
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Answered on February 26, 2013
The fact that the refund is generated from a child tax credit does not mean anything. A refund is a refund and in the instance you describe it can...
Archived
Do I qualify for "injured spouse" and if so how much can I expect back?
Steven's answer
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Answered on February 26, 2013
You may be failing to understand what the innocent spouse rule is. I would advise that you meet with a tax resolution/litigation attorney in your...
Archived
Can a listed beneficiary OTHER than a spouse , of a decease's account , be challenged by a surviving spouse ?
Steven's answer
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Answered on February 26, 2013
Generally speaking beneficiary designations are considered contracts between the account holder and financial institution and cannot be challeged...