I agree with Mr. Crane; getting an attorney quickly is essential to "stop additional loss," if possible. There are legal actions available to...

How do LLC help in Estate planning

The vagueness of your questions creates a difficulty as to how you want to use an LLC to reduce tax obligations. Note: An LLC is obligated to pay...

What do you do with cancellation of debt for someone who died in 2011 but got the form in 2012? The estate would be insolvent.

You need to consult with a tax and/or probate attorney regarding liabilities of the estate for any State and Federal 'death' taxes. Questions that...

Licensing software from a corporation owned by my partner to LLC owned by both of us

As contained in my comment in agreement with Mr. Ballard, the existence of a conflict-of-interest in your business partner's ownership of the Corp...

My mother is 92 and wants to make changes to her existing will. Can we state the changes and have it notarized?

First, mere notarization will be insufficient to change a will. The changes should be typewritten, and have two witnesses (not from a...

May mortgage interest deduction be taken on decedent tax return

Generally yes, so long as the decedent was at least a beneficial owner of the property. You can review this information with your tax-attorney /...