Archived
My mother is in very poor health and would like to divide $ 900,000 in assets between her five children,
James's answer
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Answered on March 06, 2013
No. You are confusing your tax laws. Any gift of more than $14k per person in any year needs to be reported to the IRS by filing a gift tax return....
What can you do if someone is holding a Will after a death and my name is on it ?
James's answer
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Answered on March 06, 2013
If you know who the lawyer is who drafted the Will, I would go to the lawyer to get a copy, (or the original, if the lawyer has that). You would...
Archived
Should I trade in or pursue legal action?
James's answer
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Answered on March 06, 2013
I am not sure what you mean by an "abrupt vehicle." It sounds like the dealer knew or should have known of this issue. I would be persistent in...
Archived
Problems at bank with pod beneficiary form.
James's answer
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Answered on March 06, 2013
Banks are frequently the source of frustration, with regard to estate plans. They sometimes have policies that are incomprehensible and arbitrary,...
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Archived
Should my mother deed her Georgia home to me to avoid nursing home costs?
James's answer
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Answered on March 06, 2013
The answer depends on the terms of the deed. If this was set up properly through an attorney, it may be absolutely fine. We use lady bird deeds for...
Archived
Medicaid settlement - are they allowed to take life insurance ?
James's answer
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Answered on March 06, 2013
While I agree that Attorney Johnson's response is generally the case in most states, I seem to recall that the State of Pennsylvania has filial...
Archived
My mother has 3 children. She recently passed and in her will provided for 2 of her children and left no property to the 3rd.
James's answer
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Answered on March 06, 2013
In the United States, people are pretty much guaranteed their day in court. The child cannot contest the Will because they have been excluded. But...
Archived
When an original will is lodged with the court, are you required to serve notice on anyone.
James's answer
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Answered on March 06, 2013
I agree with Attorney James. I would simply add that it is not clear from your limited summary is there are any assets that need to pass through...
Archived
Would a Legal VA Will be considered Ambiguous if the person listed a beneficiary, but did not include the exact dollar amount?
James's answer
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Answered on March 06, 2013
I agree with my colleagues. I would add that this is a very poorly drafted Will. Most people do not do any estate planning at all. Many people who...
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Archived
How would my granddaughter provide for her daughters care in event of her death . She would want her aunt to take the baby .
James's answer
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Answered on March 06, 2013
I agree with my colleagues, but if there are any assets involved at all, then your daughter definitely needs to have a trust, and I will explain...
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