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Wondering if I should place rentals I own in an LLC to protect them from liens arising out of personal debt?
Steven's answer
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Answered on September 12, 2012
If you currently own the property jointly, and the debts/liens already exist, any transfer will be considered a fraudulent conveyance to avoid the...
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My Mom passed away last month. New will not completed. Step Father looking for old will 28 years ago. I want to file probate.
Steven's answer
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Answered on September 12, 2012
You are going to want to see an attorney in your state (or the state of the possible probate case). However, I can say a few general things - in...
If one of the benes on a TOD account dies prior to owner, owner did not rename a new bene. What happens to his bene's portion?
Steven's answer
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Answered on September 12, 2012
I would agree with the answer from the FL attorney. However, I have seen accounts where the asset is distributed on a per stirpes basis according...
Archived
Do I need a lawyer to get a tax lien lifted from my wages?
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Answered on September 12, 2012
Yes, you need a lawyer, however I am guessing you are going to say you cannot afford one or would have to pay later? If you are not going to hire...
Archived
Mother died, no will, youngest son has taken possession of land, bank account.
Steven's answer
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Answered on September 12, 2012
What is your question? If the mother died with probate assets (accounts in her own name, an interest in land such as tenant in common) then it is...
Archived
Is there estate income tases?
Steven's answer
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Answered on September 12, 2012
We do not have quite enough information here to advise you. You should have your own local CPA and attorney to advise you about these issues...
Can one-time monetary gift be given to a family member? And how much? What is the tax consequences?
Steven's answer
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Answered on September 12, 2012
Mr. Pippen is correct. If you gift over $13,000 per year a gift tax return must be filed; however, that does not mean you will (the donor) pay...
Archived
Property tax on a beneficiary home
Steven's answer
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Answered on September 11, 2012
If the house is specifically to go to you, then it actually becomes your property at the decedent's death if the will is valid. Therefore you may...
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If I know that I will die soon, can I give away some of my money before I pass?
Steven's answer
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Answered on September 11, 2012
You must meet with an attorney. It may be that giving everything away is a good idea, but it may also not be. "Gifts in contemplation of death"...
Archived
If a person pass away and have investtrade is it fair for them take 50.00 a month for no activity?
Steven's answer
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Answered on September 11, 2012
Your question is if it is permissible for the investment people to collect a fee? Yes because when you (or the decedent) signs on to invest their...