You understand the concept. Having a record of the testimony and the objections is what makes most appeals possible. But, it is expensive; so...

I am over 59.5yrs old. Am I legally able to take $136,000 from IRA, use 121,000 down for condo; add rest to savings for debtsvc

Unless it is a Roth IRA, you should expect to have to pay ordinary income tax on every dollar you withdraw in the year that you withdraw it. That...

How does one convert a stretch IRA into two individual inherited IRAs

Here's what I do, assuming neither of you is the surviving spouse: First I open up two separate inherited IRA accounts each with your own SSN...

What can be done if a trustee on an estate refuses to provide any financial information statements etc but still charges a fee

This is what the courts are for. Man, so many people set up family trusts thinking that everything will run smoothly and that all of the siblings...

I want to dissolve my fathers corporation. He has passed away.

Before you can sell assets or sell the shares, you need to have the authority to do so. Your fact pattern doesn't state whether you now own the...

Mom died intestate. We live on a farm. We were forced to take a reverse mortgage to pay living and medical. I am her daughter

Obviously you will want to at least inquire of the lender whether they'll let you assume the mortgage. If not, then you are probably in a refi,...

Deferred Annuity

My advice would vary depending on what you intend for the trust to do. Do you want the trust to own the annuity? I wouldn't recommend it,...

If a person dies without a will and they have no surviving spouse or children, what happens?

Do a search for "intestate succession" in your state. Every state has rules for this scenario. I suspect your state will look for lineal...

Selected as the best answer

Can my Mothers vehicle be reclaimed in order to pay Medicaid benefits paid to nursing home if the vehicle is put in my name.

Gifting assets in anticipation of entering a Medicaid nursing home is probably the most popular way to disqualify Medicaid qualification. This...

A will provided that all of an unmarried testator's estate would go to his only child. His child predeceased the testator, but

Assuming the will has no contingent beneficiary named, then the assets would likely descend to the children of his children. However, if they are...