Is a will still valid 3 years after death?
Yes, there are cases where estates are not opened for much longer than that...See question
My family and I sold a co-owned property, inherited in 2011. It was sold this year. I estimate at time of inheritance it was worth about $600,000. We sold it for $640,000. I cant prove what the fair market value was in 2011. Anyway, my share was $...
You should speak to a tax attorney or accountant when filing this year's taxes. It sounds like the home was not a primary residence so it is subject to capital gains. If you inherited the property there is a high probability that the date of death value of the property was established when the estate was handled. Your gain would be based on the sale price, less that amount (date of death value). Any gain (sounds like about 40,000) would be divided up among the owners (10 or 11?) thus your taxable gain would only be on the 40,000 divided among the number of owners.See question
My mother has had a stroke. She gave me power of attorney about 2 weeks ago in front of legal Wittnesses and it was notorized My sister has a hand written will that she wrote. And had my parents sign ( infront of no one) and had her soon to be mo...
These are different documents for different purposes. Lets assume both are valid. The will is only for after death, the POA is for during life/incapacity (although you have to review the terms). The POA may allow for gifting powers which can be where it gets trickier.See question
A family member and myself are looking to start a real estate company but he lives in Michigan and I live in Indiana. Is this possible?
I see no reason why it would be a problem - you will have to choose where to form your entity initially so I would meet with a business lawyer.See question
I was executer of estate for my dad when he passed 10 years ago and now I find that there is money coming from an old retirement acct. that he had that requires a copy of my executer papers that I no longer have.
The county probate office where his estate was handled - each county in NY has what is called a Surrogate. Search for that office.See question
My daughter is executrix to my mothers will and has to sign house over to me. Will has already been probated
Assuming that the executrix has properly handled all other aspects of the estate administration (paid debts, paid inheritance tax, accounting to the beneficiaries is approved) then it would simply be a deed over to you. However the question of whether everything else was correctly done is a big "IF"See question
My husband passed away and I have no idea what I need to do about the following: 1. The House - the mortgage is in his name only - the deed is in both of our names and I don't know if he had mortgage insurance. 2. The vehicle is in someone els...
There are a number of steps you need to take. And while oftentimes administration with a surviving spouse is easier, there are some pitfalls you need to avoid - so seeing a lawyer for advice is the best course. There may not be a need to probate his will or open an estate, but you still have to do things like file a PA inheritance tax return (although no tax may be due). The issue with the mortgage requires some assistance and I would also caution you to speak to your attorney and a financial advisor regarding any retirement accounts.See question
If mutiple parties are part of a survivorship deed and one party adds to their will that someone can live on the property for a year following their death, will this part of the Will stand?
Generally language pertaining to survivorship rights will supercede the will. However you need to have an attorney review the documents as if there are multiple parties the survivorship can get more confused.See question
3 granddaughters, 1 great granddaughter
Your question is quite vague. I would start by meeting with an estate planning attorney so they can help you review your goals and concerns and how best to go about this. For example, you could set up an irrevocable trust now for their benefit (that could for example help you reduce death taxes) or you can set up trusts under your will or revocable trust now but they would only "kick in" after death.See question
My father passed away on Tuesday Oct 4th and my mother passed away 6 years ago. I am the executor of his will, what do I do now? I am uncertain as to the procedure I need to take. I do have an older sister that is in the will. I am married with 3...
If you need assistance with the administration of an estate the best thing to do is visit with an estate administration attorney (like many of us who answer these questions) to walk you though the process. Much more info would be needed to give you appropriate advice.See question