What rights do I have as the Administrator of my childrens' father's estate/ He did not have a will and my children are minors.

You do not have the right to withdraw or use the funds for your children unless you are appointed by the court as guardian , and then court...

Must I pay income tax in Indiana on my rental units if I become FL resident?

You will be required to file Indiana tax returns to report income and must pay tax on any net income from the rentals.

Renouncing an inheritance in NC within the time frame. When does the clock start ticking?

The statute doesn't say "death" because it also applies to lifetime gifts outright and in trust. N.C.G.S. Section 31B-1(a)(4a) and (7).

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Removing Dad's Name from Home Ownership

I agree with the other attorneys, but would caution that there may be federal gift issues involved in both the purchase of the home and any...

Married with 2 kids named as a beneficiary of my IRA and my bank account (less than $200k). Upon my death is it taxable?

As Mr. Fromm said, distributions from the IRA are taxable, unless it's a Roth IRA of course.

Who receives survivorship of a home,person named on deed or person named in will?

The wording on the deed controls, so if a property was owned as joint tenants with right of survivorship, the surviving owner of the property gets...

My parents have been legally separated, but still married, for 25 years. Both live in FLORIDA. Dad's trust specifies the 4 kids

Unless there was a property settlement agreement in which your mother waived her right to her share of his estate upon his death, she will mostly...

Is there a way to take advantage of the 2012 Gift Tax exclusion after January 1, 2013 before the tax hike?

Unfortunately not.

Is it neccessary to have a trust when a will is in place?

A trust can help protect against unforeseen issues, such as you dying before you father, which would cause the brokerage account to go through...

Current agreement with IRS too much. what shoul I do?

Hire a tax attorney to contact the IRS on your behalf to see if the monthly amount can be reduced. If at all possible, do not miss the IRS...