Archived
Sister sold deceased father's home in Florida. Do I owe tax on this? Some tax sites say no according to my income...?
David's answer
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Answered on January 31, 2020
Generally you would have to take the gain in value since the date of death and determine if that is a long term or short term gain. Then take your...
Archived
Do I have to pay a deceased relatives outstanding past due utility for the (their) house I inherited?
David's answer
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Answered on January 30, 2020
No you are not responsible, but if you don't pay, they can deny you the utilities and foreclose on the property, have it sold and then get their...
Archived
How can I find a real estate/ family lawyer in central fl that will work with me on payment plan? Volusia county case
David's answer
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Answered on January 30, 2020
Lawyers are not permitted to solicit business on this website through the questions. You can contact the Florida bar as well as the find a lawyer...
Archived
My father just passed away. What debt is my mother responsible for? They have been married 55 years in Florida.
David's answer
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Answered on January 30, 2020
Any joint debt or debt she co-signed for. If debt was only in his name, she is not responsible, but if he had assets in his own name, she may have...
Archived
Is it illegal or even misuse of agent's property for a POA to live in agent's vacated house below market value rent charge?
David's answer
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Answered on January 29, 2020
It appears that being a POA is irrelevant as the home is owned by the trust. If there is an issue, the trustee may be breaching their fiduciary...
Archived
What do I do now? My brother passed, no wife or children just myself and another sister.
David's answer
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Answered on January 29, 2020
Since your brother passed away this is actually a probate matter. As others have stated a summary administration may be used, but it really...
Archived
About a will?
David's answer
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Answered on January 28, 2020
A personal representative or co-personal representative is a person who handles the probate and carries out the terms of the will or the intestate...
Archived
Can i file for disposition of property without administration? Or is summary administration required?
David's answer
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Answered on January 28, 2020
You need to have some idea of the assets to determine the answer to your question. It sounds like that if there are less than 1200 in assets you...
Archived
There are 6 of us getting a distribution from sale of my deceased mothers home in Florida. We have our 1099's.
David's answer
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Answered on January 28, 2020
Cost basis is determined as of the date of death of your mother. The post death contributions should be discussed with your CPA to determine if...
Archived
How to help mom with decisions and paying bills with her money when she has Alzheimer's?
David's answer
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Answered on January 27, 2020
While a power of attorney is the simplest, it may not be possible if she is not competent. In that case, you would need to speak with a...