Archived
When a trust is left to multiple individuals&one of them can't be located, how long must search go on before others divvy share?
Arthur's answer
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Answered on July 02, 2015
The trustee of the trust needs to go to court and file an action to have the missing individual declared dead. If that is successful and that the...
Archived
How can I make sure my late father's estate is protected from his long time girlfriend? She's already collecting his SS benefits
Arthur's answer
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Answered on July 01, 2015
The first thing you should do is hire a probate attorney. It is not clear from your facts as to whether or not the person collecting the benefits...
Archived
I filed in probate court in 2005 for an estate . Do I have to pay inheritance tax in 2015?
Arthur's answer
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Answered on June 12, 2015
You need a local lawyer.
Inheritance Tax (state) or Estate Tax (US) is generally due within 9 months of the date of death so you are way past...
Archived
In Texas, if land was given to my wife as a gift does that mean if I build house on her land the house will be hers if divorce?
Arthur's answer
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Answered on June 12, 2015
There are really not enough facts here to even guess at a reasonable conclusion. However, the land is your wife's separate property. If you...
Archived
I live and work in CA 51% of the time. The other 49% I am working in NYC. Should my paycheck have CA or NY taxes taken?
Arthur's answer
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Answered on June 11, 2015
Mr. Halverson is correct. You will owe income tax in both states and their respective subdivisions for monies earned in that state.
Archived
Is comingling a nonprofit's funds with a Library's legal?
Arthur's answer
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Answered on June 11, 2015
It sounds to me like everything is being kept separate. You should have no problems.
Are bonuses/variable compensation taxed a different rate from regular income or just withheld differently?
Arthur's answer
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Answered on June 08, 2015
The witholding rate has nothing to do with the tax rate. At the end of the year when you prepare your income tax return you will add all of your...
Archived
Do I need a Deed of Trust?
Arthur's answer
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Answered on June 08, 2015
Mr. Cahan is absolutely right. It is too late to protect your family members
Archived
Debt Forgiveness
Arthur's answer
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Answered on May 27, 2015
Normally when an heir owes the estate money it is because it is an advance on their inheritance. If that is the case, then there is no forgiveness...
Archived
Inheritance and taxes, who gets a cut, and how much?
Arthur's answer
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Answered on May 27, 2015
As the prior answer indicated, you were the named beneficiary on this account. It is probably a IRA or a 401k or maybe even a pension plan from...
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