My grandma wants to leave me some property in Sac County, Iowa. I was wondering which is cheaper Inheritance or gift tax?
Unless the property is worth over 5.5 Million dollars you don't have an issue with Federal Estate Taxes.
Dallas, TX
Probate Lawyer at Dallas, TX
Practice Areas: Probate, Estate Planning ... +2 more
Unless the property is worth over 5.5 Million dollars you don't have an issue with Federal Estate Taxes.
Generally it takes about a month to get the order back.
Unless Missouri law is different than most other places, as long as the will disposes of the survivors property the way she wants and the people...
Take your contract and bills to a local lawyer. It will be money well spent if you want an answer.
Its really not the person who would be exempt from probate, it would be their estate. With that said, if there are no assets in the name of the...
What do you mean by ex felon? Either you were convicted or not. If your conviction was expunged or set aside then maybe you are not a felon,...
As the other lawyers have pointed out, until the will is probated nothing can be done with the house.
She may have filled out the forms but you probably signed them. Its incumbent on you to understand what you sign. Especially tax returns. I dont...
See this link http://www.dallasbar.org/content/fee-disputes-committee
As long as the contract is assignable you should have no problem. My preference is to have the trust be set up first to avoid a potential income...