Archived
Can you write off the purchase of clothes, when the purchase is required by your job as a mystery shopper?
Thomas's answer
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Answered on October 30, 2015
You have an activity that is not entered into for profit. Based upon your facts, it is impossible for you to make any money. (Your costs will...
Is a road right of way a road owned by someone else that we maintain/pay the taxes on or did we purchase the ROW as ours?
Thomas's answer
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Answered on October 30, 2015
You will need to retain an attorney to find the answers to your concerns. He will need to look at the title records for your property and property...
When my wife dies does the house become mine automatically or can she leave her share to her kids?
Thomas's answer
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Answered on October 29, 2015
If your home is in joint tenancy with your wife and you survive her, you will be the sole owner.
You and your wife should consult with an...
Is it better to take ownership of my parent's house now or have them put it into a trust and name me as beneficiary?
Thomas's answer
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Answered on October 29, 2015
Your parents should consult with an elder law attorney. This is not a do it yourself project ,
Archived
My parents want to set up a trust so that I won't get taxed on their money when I die. Is this correct?
Thomas's answer
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Answered on October 29, 2015
I often recommend that a client's bequest to a child be held in trust.
There are several reasons why I make this recommendation:
* Protects...
Archived
Is it possible for my father to keep money that was left to me in my grandfathers will?
Thomas's answer
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Answered on October 29, 2015
As a trust beneficiary, you are entitled to receive the trust document and annual accountings. In your case, the will most likely contains the...
Archived
Should I put my personal checking account in my living trust?
Thomas's answer
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Answered on October 29, 2015
Some of the huge banks are refusing to retitle client's existing accounts to the new living trust. The banks want new accounts opened.
Since...
Archived
Can an Estate be settled/closed if an heir still owes money to the deceased?
Thomas's answer
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Answered on October 29, 2015
You should be having an attorney assist you in this matter.
There should be a mortgage and a note relating to the loan to the daughter. The...
Archived
Contractor poured my concrete patio and ruined street in front of my house with oil and cement stains and hundred of gouges.
Thomas's answer
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Answered on October 28, 2015
Before you file a lawsuit, you should have your attorney find out if the person is judgment proof.
Getting a judgment is easy. Turning a...
Should we put my mothers house in 1 of 4 children's names or set up a trust?
Thomas's answer
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Answered on October 28, 2015
There are at least two planning options:
1) transferring the title of the home to a special Medicaid trust. Once the deed is transferred, the five...
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