This is a complex area of tax law and cannot be fully addressed without knowing all of the facts. The income reported on the 1099-R must be...

Is it customary procedure in doing a Revocable Trust to have the client contact (or send out) paperwork to companies/banks etc.

To my knowledge, most attorneys do not provide this service as part of creating a revocable trust, or if they do, it would be at an extra cost. ...

I have remarried is my previous Will enforceable or does estate automatically go to my husband?

Upon marriage, your husband acquired certain rights to a portion of your assets at your death, regardless of what your will says. You should...

If your friend cares about his daughter he will use an experienced estate planning attorney to prepare and fund the trust. What you are suggesting...

Yes, revocable trusts (and amendments thereto) for Florida residents must be executed with the same formalities as a Will. Two witnesses are...

How to ensure Survivorship Rights in FL without probate?

I agree with Mr. Hill, but please be aware that such a transfer is gift that will require reporting on a federal gift tax return.

Can my daughter pay off my mortgage of 135,000 without being taxed? Can she deduct that amount from the lifetime 1 million

The lifetime/death exemption for 2013 is $5.25 million.

There are several issues to be considered, including gift tax, income tax and Medicaid eligibility for nursing home care. Your grandmother should...

Executor, Beneficiary and Guardian

The answer is yes to both questions.

As long as the trust grantor/settlor understands what he or she is doing, what he or she owns, and who his or her family/significant other(s) are,...