Archived
My dad just passed. I have medical, financial POA. No durable POA. No will. Can I access safe deposit box? Cancel credit lines?
Paul's answer
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Answered on November 08, 2015
The authority under the power of attorney would terminate when your father passed away, a power of attorney has no authority after death. You may...
Archived
A parent passed away with their house in Bankruptcy. I am currently in the probate process, when the house is transferred to me
Paul's answer
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Answered on November 08, 2015
This is really a bankruptcy question, not probate. The estate of the decedent merely succeeds the decedent's interest. Since it appears that this...
Archived
How does the IRS determine the value of a small business llc (one member only) for estate purposes
Paul's answer
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Answered on November 08, 2015
The IRS would have an appraisal report prepared to value the business, whether one member or multi-member. It is important that the taxpayer also...
Archived
Tax Deduction for Spousal Support When Filling Jointly During a Divorce?
Paul's answer
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Answered on November 06, 2014
You may want to look at the irs rules, but generally your spouse cannot live with you, the payments are not designated property settlement or child...
Archived
Property Tax
Paul's answer
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Answered on November 06, 2014
Your county assessor will have all of the deadlines for payment and late penalties on their website.
Archived
I posted a question on trustee succession without mentioning that the grantor (me) is living. 2 lawyers called it tough question
Paul's answer
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Answered on November 05, 2014
If this is a revocable trust, go to an attorney and amend the successor trustee provisions to what you want. If irrevocable, talk to an attorney...
Archived
An account was made by a family member with me in trust.I need to deposit thousands of dollars.Is this dangerous?
Paul's answer
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Answered on November 05, 2014
If an account involves the term "in trust" then there are restrictions associated with the account, depending upon the applicable trust terms. ...
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Archived
What does "seized in trust" mean in New York
Paul's answer
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Answered on November 05, 2014
Its an archaic term meaning that the person or property is bound to the trust terms.
Archived
I granted an irrevocable trust in NJ 17 years ago for tax reasons but the tax laws have changed and the trustee is hostile.
Paul's answer
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Answered on November 05, 2014
The legal fees cannot be predicted and while doable, success is not a guarantee. A lot depends on your ability to prove duress or other facts...
Can a Quitclaim Deed Grantor be held financially responsible for taxes owed if Grantor was not listed on Title nor a Will?
Paul's answer
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Answered on November 05, 2014
Quit claim deeds only convey your interest, if any, in the described property. No obligation is created by signing a quit claim deed.
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