Archived
Am I correct in my understanding that non-probate assets are those which have right of survivorship?
Steven's answer
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Answered on August 09, 2012
Probate assets are assets owned in a deceased person's name alone. Some assets payable "to an estate" are probate assets such as life insurance or...
Archived
My sister was the trustee for both my parents estates. She will not be accountable for tremendous financial loss.
Steven's answer
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Answered on August 09, 2012
You don't ask a question here, but I'm sure you want to know what you can do. Hire an attorney to enforce your rights but act quickly because its...
Archived
Irrevocable trust. Ben cannot access trust funds until 30 YO (20 YO now). Can Ben get a copy of trust OR monthly accounts now?
Steven's answer
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Answered on August 08, 2012
I would defer to the MA attorney on your rights in MA to a copy of the trust and corresponding information. The right to this information is...
As the executor of my mom's estate, do I legally need a lawyer to make sure her will is followed?
Steven's answer
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Answered on August 08, 2012
My condolences on your loss. The first question I would ask is: Did you take care of (or did your mother) your father's estate? As in, is there...
Archived
My sons father passed away and he told my son he left everthing to him and that his mother had the will she is taking everything
Steven's answer
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Answered on August 07, 2012
If you are his mother then you are his only legal representative and the only person who can do anything on his behalf. But you have to act NOW.
Archived
My daughter is starting college this year. Will I be able to continue to claim her on my taxes?
Steven's answer
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Answered on August 06, 2012
You may want to hire an accountant or CPA to assist you with your taxes. You can obtain some general information about this issue here:
IRS...
Archived
I am separated from my husband and we own 3 houses. 1 of the houses belongs only to me. Can it be put in my parents' name? How
Steven's answer
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Answered on August 06, 2012
From your facts, "we own" 2 houses and "I" own one house. It might be unnecessary and may only complicate things if you transfer the house...
Archived
Do I owe interest when repaying a tax refund I received due to my error?
Steven's answer
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Answered on August 06, 2012
Yes, you will owe what ever the correct amount of tax is and interest will accrue on the unpaid balance. People make mistakes and file amended tax...
Archived
MY 18 YEAR OLD SON JUST GRADUATED HIGH SCHOOL CAN I CLAIM HIM ON THIS YEARS TAXES
Steven's answer
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Answered on August 06, 2012
The easiest way to figure this out is by going to a CPA or qualified tax preparer. There is a specific test for what makes a qualifying dependent....
Archived
I just received my Property Tax Bill in New Jersey and was shocked to discover that my property taxes for the upcomming year are
Steven's answer
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Answered on August 06, 2012
I am not familiar with the cap you are speaking of, but you can file an appeal. It usually involves taking a look at the comps used by the tax...