Archived
My mother in law is thinking about giving each of her son's $100,000 after she sells her home. Does the son have to pay tax.
Steven's answer
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Answered on October 22, 2012
MIL need to visit with an estate planning attorney. There could be a number of reasons to do this or not do it, depending on the situation. That...
Archived
Is it legal for a niece to change the locks on a deceased person's condo? Can she inherit anything?
Steven's answer
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Answered on October 19, 2012
Mr. Garland's answer is very good. Assuming the parent's estate was handled or would be handled and the disposition is properly to the one child...
How does power of attorney work and in the event of the loved ones death who would be responsible for funeral cost?
Steven's answer
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Answered on October 19, 2012
The prior attorneys offer sound advice. The poa ends at death, and an administrator or executor (if there is a will) will have to be appointed. ...
Archived
Im 32 and live in Cal. I have my.fathers last name but want to add my mothers last name before it....how do i go about doing so
Steven's answer
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Answered on October 19, 2012
Most states have a fairly simple and straightforward name change procedure if there is no one arguing against it. As an adult, I doubt that anyone...
Archived
Upon splitting the funds with my sister, do I incur a tax? What are the tax liabiilites for the giver and for the recipient?
Steven's answer
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Answered on October 19, 2012
You should meet with an attorney and/or CPA about this to get specific advice. You might also advise you mother to add your sister to these...
Archived
Can Estate reduce Heirs portion for unauthorized use of Estate auto and their portion of mortgage payments?
Steven's answer
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Answered on October 19, 2012
Most likely results: 1. If you "advanced" an inheritance to the heir before the completion of the estate administration (by giving the car or...
Archived
Should surviving settlor of a revocable living trust specifically name whom the trustee
should distribute assets to upon death?
Steven's answer
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Answered on October 19, 2012
I agree with the other attorneys that the drafter probably knew wheat he/she was doing based on conversations with your parents. Also, it is the...
Archived
When both parents are deceased with no executed will, what is legal responsibility of children for property?
Steven's answer
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Answered on October 18, 2012
I agree with my colleague, but I might add that an estate does not necessarily need to be opened and the family may be able to walk away. The...
Archived
I inherited money from my grandmother which is still alive and now found out that another account was put away for me as well.
Steven's answer
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Answered on October 18, 2012
Your facts are a bit confusing and I think you are under some misconceptions and misunderstandings. If it is an "inheritance" your grandmother...
Archived
As a NJ resident, can I waive my right to receive more than $25,000 from my late mother-in-law's PA estate and redirect it?
Steven's answer
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Answered on October 18, 2012
Additionally, if I understand the situation correctly, as a PA estate, if the property went to descendents (grandchildren) it would still be...
