Archived
My mother's will left large amounts to her children in cash, but medical costs ate up most of her assets. Do we ignore the will?
Ruth's answer
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Answered on May 14, 2013
We don't have enough facts to fully answer your question - but you do not ignore the will and no one has a right to change numbers. If the Will...
Can an Executor, who is also an heir (and the deceased's adult child), purchase Estate Property for less than Fair Market Value?
Ruth's answer
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Answered on May 14, 2013
The executor is a fiduciary and has duties and responsibilities to all heirs. The property should be appraised by a certified appraiser and if the...
Archived
I will be receiving an inheritance, I wish to gift some of the money to my sister and neice. What will be my tax obligation.
Ruth's answer
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Answered on May 14, 2013
Each person has a $5,000,000 gift exclusion that is not taxed. Gifts of $150,000 will be deducted from your $5,000,000 exclusion and no gift tax...
Archived
Husband wants divorce, has 401k and I am not working, is there a way I can get a divorce wihtout having to pay up front?
Ruth's answer
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Answered on May 13, 2013
You really need an attorney to represent you. You should be entitled to half of his 401(k) if it began while you were married. It appears that you...
Archived
I have a 2nd home, with a mortgage, that I would like to transfer to an LLC. How do I transfer the mortgage to the LLC?
Ruth's answer
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Answered on May 13, 2013
obtain approval from the lender
Archived
Is legal guardianship enough for an aunt to file a proceeding for a name change of minor?
Ruth's answer
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Answered on May 13, 2013
This is complicated because it is a combination of immigration and guardianship. They don't mix well. My advice to is discuss the entire situation...
Archived
Hi, im 26 now and my dead grandmother left me a trust fund ,and i was wondering how do i get it?
Ruth's answer
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Answered on May 13, 2013
If you have a copy of the trust, it should identify the trustee and, most likely, the attorney who prepared the trust. If so, contact them to...
Archived
When is it advisable to have a Testamentary Will ? When is it advisable to have a Revocable Living Trust?
Ruth's answer
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Answered on May 13, 2013
A full answer to this question would take up more space that we have to write. The best advice I can provide is to schedule an appointment to...
Archived
How do I find out if someone had a will?
Ruth's answer
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Answered on May 13, 2013
I assume that the person passed away. If you know where she lived when she passed away, the Will should have been (or should be) filed with the...
Archived
I am in the middle of a divorce. My wife's birth certificate and social security card have different last names.
Ruth's answer
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Answered on May 13, 2013
Some states permit name changes if they are not done for fraudulent purposes and you do not have to go to court to do this. It isn't easy - but it...
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