If an estate has a lot of debt and few assets is it better to just walk away?
talk to an attoreny, you may be able to be paid to act as executor, even the rest goes to creditors
Denver, CO
Estate planning Lawyer at Denver, CO
Practice Areas: Estate Planning, Business ... +3 more
talk to an attoreny, you may be able to be paid to act as executor, even the rest goes to creditors
review the accounting, he may be holding some back for taxes, debts and expenses
the same person may be trustee, grantor and beneficiary....not sure which you are referring to as the grantee
depends on the trust terms, have your attorney attempt to garnish the trust assets and that should bring the matter to an agreement or hearing
generally trust distribuitons "carry out" income earned by the trust, which is taxable to the beneficiary. So distributions to the extent of...
What matters is if the trust was included in your father's estate or not. If it was, then basis is date of death value when your father died. If...
Depending upon the terms of the trust agreement, you may not be able to change the trustee unless your uncle agrees to the change. And unless your...
These are complex questions, and I would advise you not to do this yourself; hire a competant estate planning attorney. But the beneficial...
you will need to file married filing separately to fullfill your filing obligation, if your husband has no assets in the US (joint accounts?) then...
depends on the terms of the land contract