Archived
Can two agents hold separate durable powers of attorney for the same grantor, or does one have to be revoked first?
Steven's answer
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Answered on January 30, 2013
Mr. Frederick is correct as usual. He explains correctly that many poa's have language that states "...revokes all prior powers of attorney...
Archived
My dear friend has not paid taxes on casino wins money since 2008. The IRS has sent a few letters and wants her to pay now.
Steven's answer
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Answered on January 30, 2013
She could hire an attorney. She could contact the IRS herself and ask for an installment agreement. If the term of the payments is less than 72...
Archived
The credit union repo my fathers car when he died and only owing one payment. Do we have to pay inheritance tax on the car?
Steven's answer
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Answered on January 30, 2013
The listing on the inventory is a best guess for probate purposes. In practical terms it has almost no bearing on the inheritance tax return. You...
Archived
Probate question: Getting life insurance money of deceased father that is now in unclaimed money in South Carolina treasury.
Steven's answer
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Answered on January 30, 2013
Filing to reopen your mother's probate will be a bit of a pain, but I doubt it will cost more than a few hundred dollars so you'll likely come out...
Archived
Mom passed in 12/04/04. House was in living trust to my one brother, Steve. We are closing on house shortly.
Steven's answer
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Answered on January 30, 2013
If upon her death she owned the house/trust owned the house and the trust called for the house to be given over to your brother, then it is his...
How does Medicaid actually validate existence of assets when determing income/asset eligibility for Medicade (Nursing Home)
Steven's answer
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Answered on January 30, 2013
Mr. Holcomb's answer is good. I would add that they find assets by "boots on the ground" investigation. They might ask for deeds to property or...
Archived
Is there such a thing as an estate account, under an individuals name,on behalf of the estate?
Steven's answer
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Answered on January 30, 2013
If you are saying that there is an IRA and you are the named beneficiary then I don't know how it could be considered a probate asset which would...
Archived
Can I sue for double damages plus interest and legal fees? Can probate still occur?
Steven's answer
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Answered on January 30, 2013
It would be unwise to sign a release without legal counsel. Actions in Chancery are typically termed "summary" actions which means all legal...
Archived
Early IRA withdrawl
Steven's answer
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Answered on January 30, 2013
There is a medical hardship withdrawal exception but you have to meet certain criteria so I would advise speaking to a qualified CPA and or...
Archived
Early IRA withdrawal rules
Steven's answer
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Answered on January 30, 2013
There is a medical hardship withdrawal exception but you have to meet certain criteria so I would advise speaking to a qualified CPA and or...