What happens if you die without updating beneficiaries of an IRA, and one of the beneficiaries is deceased?

There is no way to update a person's IRA beneficiary designations after death. Generally, IRA forms provide room for contingent beneficiaries to...

How can I get access to my deceased brother's bank security box?

I am sorry for your loss. Losing a close family member is never easy. With regard to your questions, you can gain access to the box, if you are...

Our mother died on July 19 2013. She left a will that we have not been able to find. When do we have to file probate?

While there is no deadline to file a Will, with real property in the picture, there will be ongoing carrying costs (real estate taxes, insurance,...

Tax question; significant participation, paid payroll for 3+ years, but no management of company, want active writeoff

The issues you are asking about (deducting losses personally; active vs. passive; material participation tests, etc.) pertain to "flow through"...

Married & lived apart for 11 years. I live in TX my wife lives in NY with 1 child. We file taxes jointly can I file separately

Yes, you both may file federal income tax returns separately for any tax year. However, be aware that filing separately will not absolve either of...

Generally, no. A trustee cannot use a POA to delegate powers of the trusteeship to an attorney-in-fact. Certainly, a trustee may hire third...

My Mother passed in October 2010 and left approximately $33,000.00 each to myself and two sisters from two annuities and one IRA

The answer necessarily depends on the type of annuity and the terms of the contracts. These items would need to be reviewed first before a more...

How do i get legal guardianship of a child

To be appointed as guardian, you must contact and attorney and file a petition. Depending on the facts, being appointed as a guardian can be...