After my wife and I die, do our children have to pay taxes on the equity of our home when they sell it?

Your children will get the step up in basis but of greater concern is the cost of probate court. Unless your home is in a trust, or your children's...

Sorry for your loss. I am sure that is a very painful experience. If those responsible for your husband's treatment were negligent, breached a...

Does it matter if the next of kin is a minor?

Sorry to hear of your loss. I agree with Mr. Gardine's answer. I would add that the next of kin for your boyfriend is his children. You, as their...

High-end designer brands typically have very strict vetting processes and qualifications for companies that want to retail their products. The odds...

Who will need to pay when gap insurance doesn’t cover a car accident?

I can't answer to your specific situation without more information but the rules are that vehicle owners are responsible for insuring their cars...

What is the protocol for a company when a deceased employee group life insurance pension didn't have a beneficiary assigned?

I am sorry for your loss. It's unfortunate that your husband's former employer is aggravating what is already a very difficult time for you. It...

What happens to contracts and IP agreements when a business is closed?

Often commercial contracts will have a "transfer of agreement" clause stating whether the contract can be transferred to another party. If your...

What, if any, intellectual property does a company have rights to if an employee creates a program while working there?

As a rule, the employer owns the work-product generated by the employee, especially when that is done on the job during business hours in the...

Is my bankruptcy creditor claim invalid because too much time passed since the loan matured?

Your question is a bankruptcy question although I have no idea if it is a Chapter 7. I am not a bankruptcy attorney but I have experience in the...

When a car dealership has held a minor to a contract, that makes the contract invalid. can the minor get their money back?

Under Utah law, a minor is bound by a contract he enters unless he disaffirms it before or in a reasonable amount of time after turning 18....