Archived
If my deceased brother wife wants to give me his truck for free do I have to pay taxes on it? Or is there away around not paying
Richard's answer
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Answered on May 17, 2019
The MVA will determine what if any taxes and fees you must pay to retitle the truck. As a sibling you will not pay inheritance tax.
Does all the rest, residue and remainder of my estate, personal, or mixed mean your personal residence that you live in ( house)
Richard's answer
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Answered on May 15, 2019
All the rest and residue etc. means the net estate after all fees, appropriate debt and costs are paid. Wills usually state real property (house),...
How can I challenge the poa for my mother the agents assigned are not acting in her best interest and fake last names signed?
Richard's answer
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Answered on May 05, 2019
If she is competent, she can sign a new POA which shall revoke the prior doument. If she is not competent, you will need to have the POA set aside...
Archived
How much money can an elderly parent gift to thier children without penalty? Is there an amount per year in Maryland?
Richard's answer
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Answered on May 02, 2019
If you are asking about a tax penalty; unless your mother is worth more than $5 million, there will be none. She will need to file a gift tax...
Can my step mom take us off the deed if she is not on there?
Richard's answer
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Answered on May 02, 2019
The simple answer to your question is that the property should be owned by you and your siblings. However, depending on what she inherited from...
Archived
Will I inherit my father’s down payment if he willed the home to me?
Richard's answer
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Answered on May 01, 2019
Typically refund checks are made payable to the estate.
Archived
What percentage does a pr earn with a 550,00 estate, and does that amount have to be split with the lawyer?
Richard's answer
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Answered on April 25, 2019
The PRs commission is a math calculation. It is 9% of the first $20,000 and 3.6% of the remainder of the total gross estate accounted for with...
Archived
Estate and joint account holders?
Richard's answer
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Answered on April 17, 2019
The savings account goes into the estate unless the account named beneficiaries. In the estate it is available to pay fees, proper debt that...
Archived
How do I add my son onto the deed to my home?
Richard's answer
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Answered on April 17, 2019
Adding your son to the Deed as a current owner does impact part of the step up in basis. Another option is to have him added as a remaiderman...
Archived
Co guardianship with me for my son
Richard's answer
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Answered on April 17, 2019
You need to provide a tremendous amount of information. I.E. The child's name, address date of birth,
information on the other biologic parent,...
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