Yes. The IRS can claim money in your bank account even if its a gift.

No, issue are descendants. So your nephew is not a descendant of yours.

The drafting attorney often serves as Trust Protector, but it is certainly not required. You can choose someone else to serve, although I think...

Can an IRA be transferred into a trust following the death of the IRA owner and avoid transfer taxes?

It sounds like establishing a testamentary charitable remainder trust would be the best option. The IRAs would be paid to the trust tax-free, and...

If the grandfather's will was probated, it would be located in the Clerk of Court's office in the county in which he resided at the time of his...

Since your parents have not exceeded their $11.4 million (each) gift and estate tax exemption, no tax is due. As you state, however, a federal...

If you are married, on the federal gift tax return you can have your spouse consent to the use of his/her $15,000 annual exclusion for the gift. ...

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My mom wants to establish a trust instead of a will. is the proces long & expensive ? where would i find NYC lawyers to retain?

Long and expensive are relative terms. I would suggest that she meet with a couple of trust attorneys to determine the cost and time frame...

Can a Successor Trustee make provisions like create a separate trust for a sister that has dementia and lives abroad(UK)

It depends on the terms of the Will or Trust. You say you are trustee of your brother's estate, but estates have executors - trusts have trustees....

I'm trying to find out if there is a trust on property I'm interested in buying?

The deed will indicate whether or not the property is held in a trust.