Income taxes

No - you still received the prize, and so you will be taxed on the value of the SUV. Additionally, gifts over $13,000 can have gift tax...

If you claim depreciation on vacation rental home improvements, can you add those into the cost basis when selling?

It appears you are confusing your cost basis and your adjusted basis. Your adjusted basis is the cost basis less any depreciation deductions and...

When the court appoints an attorney to settle an estate and it has been over a year, what can you do?

I would call the appointed attorney first and follow up with him. Remind him you can, and will, seek to have him removed if this is not resolved...

Mom died intestate house paid in full monies left in bank account less than 2000 dollars.can i use a small estate affadavit

Virginia is not similar to many states in this regard. In Virginia, real estate is not a part of the probate estate - it "drops like a rock" to...

My father pass away in oct. 2010 the house is just sittin there he owe 109,000.oo what can i do with the house. i have my own

Much more information is needed to provide an adequate answer. Please try again and let us know the following: 1) Did your father have a will? 2)...

Life Insurance questions

I would tend to agree with the prior answer. What are you damages? It appears you have no damages since insurance companies pay life insurance...

Generally, you cannot obstruct her access to the right away, so building a fence across the right of way would not be permitted. If not all the...

The preceding answer is fairly comprehensive (and accurate) but I want to elaborate a little more so you can hopefully understand all the...

Can I be charged for estate items I gave away?

Yes, you could potentially be charged for a share of the items you gave away. Depending on what you gave away, you may have some leeway to argue...

My lawyer wrote a wil for me. was it filled (illinois) I was to write a new will myself. will this new will over-ride the first

I agree - you should go back to the prior lawyer. If you didn't like them, find someone else to modify the will, and discuss the possibility of...