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I want to know how to leave money to my grandchild without the concern of the parents being allowed to find a legal way to use.
Gregory's answer
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Answered on February 12, 2013
A trust with someone other than the grandchild's parent as trustee will provide exactly the right solution. An estate planning attorney can...
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Live in Florida. Need to get paperwork for my 78 year old dad to sign legally sell me his property for a buck, before the state
Gregory's answer
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Answered on February 12, 2013
Doing so will not help your father qualify for Medicaid. I urge you and your father to consult with a Florida Elder Law Attorney immediately to...
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My deceased father in laws house was sold at auction in 2012 for back taxes. There was a surplus amount left that the
Gregory's answer
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Answered on February 08, 2013
No, assuming there was no net capital gain in the house since you father in law's date of death. Check with a CPA for further guidance.
Archived
What is the value of a deceased person's Estate necessary to trigger an Estate Tax Return and what are the filing deadlines?
Gregory's answer
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Answered on February 08, 2013
It depends on the year of death, but for 2013, no return is required unless the gross estate (all assets, including life insurance proceeds)...
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Is a surviving spouse entitled to an estate tax exemption for ALL properties left to her after her husband's death in N.C. ?
Gregory's answer
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Answered on February 08, 2013
Both the federal and North Carolina estate taxes have unlimited marital deductions, meaning that property passing outright to a surviving spouse...
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Tax-1099 Int issued to mom on joint Cd w/ me b/c her name 1st. CD bought with my funds. Can I report interest instead of her?
Gregory's answer
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Answered on February 07, 2013
No. Doing so will cause trouble for your mother - the IRS will likely penalize her for not reporting the income.
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Stepmom changed will weeks after Dad died.
Gregory's answer
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Answered on February 07, 2013
Unless there was a contract between the two of them that the survivor would not change his or her will, nothing can be done. This possibility...
Archived
Does an executor of a will get paid?
Gregory's answer
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Answered on February 06, 2013
The form of ownership tenants in common, right of survivorship does not exist. I assume you are referring to joint tenants with right of...
When two partners in an LLC reside in different states, how do you determine which state to call home for your business?
Gregory's answer
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Answered on February 04, 2013
In which state was the LLC formed? That would be the most obvious choice.
Archived
My existing Will prepared and signed in Maryland, where I lived, will it stand up legally since I have moved/homesteaded in FL?
Gregory's answer
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Answered on January 30, 2013
Possibly, but I strongly recommend that you consult with a Florida attorney regarding the advisability of updating your will and powers of...
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