Can brother P.O.A gift his wife $14,000 three days before my moms death. Estate to be divided 50/50 brother & myself
Thomas's answer
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Answered on December 01, 2015
If your mother was incompetent, she did not have the ability to make any gifts.
The POA needs to be reviewed to see if your brother had any...
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My mom pass away didn't have a will. She was married and her husband was not on her deed or title. He need helpto keep the house
Thomas's answer
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Answered on December 01, 2015
When the deceased, who does not have a will, is survived by a spouse and children, the surviving spouse and children share the deceased's assets....
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My grandmother's 3 Power-of-Attorneys have been taking money from her estate. How can I get an audit of the money they spent?
Thomas's answer
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Answered on December 01, 2015
Since you say there is a presiding judge, I suspect that you grandmother has a guardians and not powers of attorneys.
If this is the case, the...
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Transfer on Death Deed - Taxes to be paid?
Thomas's answer
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Answered on December 01, 2015
When an inherited home is sold, the income tax basis is the fair market value as of the date of death. Only the increase in value from the date of...
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Say you gamble frequently and never have substantial wins requiring a w2g but have a great year at doing this where you have won
Thomas's answer
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Answered on December 01, 2015
The income tax regulations require you to keep track of each wager (amount waged, won, or lost.)
Although you were not given any form W 2 G,...
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Rights of an uncle to manage nephews rental house and or get full written documentation of expenses
Thomas's answer
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Answered on December 01, 2015
Please correct me if I am wrong.
Your wife is managing the property and has not provided any accounting.
Your nephews should have received...
Multiple work location and state tax
Thomas's answer
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Answered on December 01, 2015
Some employers track the time worked in each state and issue Form W-2 which details each state's earnings and tax withholdings.
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I rented a house for a week in NY. Landlord refuses to return security. Claiming damage to a tree on his property what to do?
Thomas's answer
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Answered on December 01, 2015
You will have to decide if the amount in dispute is worth your personal effort and money to pursue the matter.
This matter will require your...
Archived
Quitclaim deeds?
Thomas's answer
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Answered on December 01, 2015
The sister should retain an Illinois attorney to draft the deed.
The sister needs to sign the deed and have it notarized. Since she is in...
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If deposits were made to my UTMA account after I reached 21, are they still considered UTMA deposits? Is my account still a UTMA
Thomas's answer
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Answered on December 01, 2015
The paperwork for a UTMA is clear and concise that the custodian is holding assets for the benefit of someone else. When you say your parents kept...
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