Is it necessary to establish an estate five years after death?

From what you’re describing, it sounds like you will need to open a Summary Administration. The process and procedure is fairly straightforward. In...

Parents divorcing. Mom signed quitclaim deed to my dad, is there a property tax reassessment exemption

Did you file a PCOR Form? The following Q&A (see #3) from the California Board of Equalization explains the necessary steps you need to...

California law provides that a beneficiary has a right to see relevant information regarding the Trust. You are allowed to contact the Successor...

What you are describing is a common problem. Unfortunately for your Trust, both California and North Carolina charge state income tax. You want to...

Can I use the amendment to the living trust to have the property put in my name?

Locating a lost or missing trust agreement can be a frustrating experience. It is good that you are being proactive about this now. If the Trust or...

Girlfriend is gifted rental in 2013 and sells for $170,00 in 2018. Is capital gains based on value when she received deed?

As a general rule, when you make a gift to another person, the recipient takes a Carryover Basis in the Asset. In these cases, the basis remains...

Alimony tax deductions

This is a question with a lot of moving parts and you should seek the advice of a Tax Attorney who is familiar with the US-India Tax Treaty.

How long may I give someone to pick up their stuff after moving out, and what can I do with it?

Please let me extend my condolences on your loss. Since there is an open estate, I suggest you work with the personal representative to resolve...

Have a living will and a regular will can I just have a durable power of attorney notarized ?

Depending on the State where you reside, a Notary may or may not be enough to create a legal document. If you are a Florida resident, certain...

I moved this to Elder Law since it deals with a Long Term Care Policy.