If you are unsure how to prepare your income tax return, you should consult a local CPA or go to many of the many VITA (Volunteer Income Tax...

As this is really a question about debt collection rather than about trusts, I am changing the topic of your question to "Debt Collection."

Settlement proceeds to replace or recover wages will result in taxable income. Settlement proceeds for damages (emotion or physical) are not...

If you purchased the house for $80 K and you sold for $120 K, you would be taxed on the gain: 120 K minus 80 K equals 40 K. Recommend you talk...

The easiest way to "undo" a divorce is to get remarried. ...

I'm a tax person and not a litigator, but my best advice to you is to focus your time and energy on cleaning up "this mess." Although the tax...

There is no legal requirement that all beneficiaries need to be present when funds are dispersed, but this may be a matter of bank policy. Try...

As California is a community property state, the house would get a full basis step-up if one spouse dies.

You should start by calling attorneys in your area who practice in the area of domestic relations. Most domestic relations attorneys also prepare...

Many state and municipal tax agencies use private debt collection agencies to collect back taxes. The State of Ohio uses private debt collection...