Questions answered by Celia R Reed

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My wife got a lump sum ck. from inherited non spouse IRA.

Celia's answer | Answered on July 10, 2013

If she deposits it in an IRA within 60 days, there are no taxes or penalties.

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TENANTS IN COMMON, SHARE AND SHARE ALIKE PER STIRPES..QUESTION..DOES MY SISTER AND I NEED TO GET THE ESTATE IN OUR NAMES TO SELL

Celia's answer | Answered on July 10, 2013

You will need to probate the estate before you can sell the home.

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Who owns the house I live in currently.

Celia's answer | Answered on July 10, 2013

Your mother's estate needs to be probated. You are entitled to 1/5 of the house or the proceeds of sale, but may be entitled to a credit for the...

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My mother passed away and the house that we (I am her daughter) is still in my father's name. He passed in 1987.

Celia's answer | Answered on July 10, 2013

The initial inquiry is how title to the house was held between your parents, whether your father's estate was probate and whether your mother had a...

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My wife and siblings took lump sum payouts on an inherited ira from her father and step mon both dead.how to cut tax burden?

Celia's answer | Answered on July 10, 2013

This depends on when the money was withdrawn. You have 60 to roll the IRA over into another IRA or tax exempt account to avoid penalties.

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Does a dba business pass through an estate as though it is just another asset (or liability)?

Celia's answer | Answered on July 10, 2013

The business is part of your mother-in-law's estate, but it is up to the executor to administer the will and allocate estate assets. The first...

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Contesting a Will

Celia's answer | Answered on July 10, 2013

You can try to negotiate a payment for signing off on the estate, but I do not see the basis for a will contest.

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Do i need to hire attorney

Celia's answer | Answered on July 10, 2013

You will need to do an Ancillary Probate in Florida, and you will need to bring the payments current to avoid foreclosure. You can use the Find A...

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How do I find an attorney to represent our family I a probate situation , my sister passed and all her property was left to us

Celia's answer | Answered on July 10, 2013

You can use the Find A Lawyer feature on this website. Look for a probate attorney in the county in which your sister resided before her death. ...

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If there are stocks in probate, do they have to be presented to a judge and signed off on before being distributed?

Celia's answer | Answered on July 10, 2013

The facts that you have presented do not add up. I have no idea why you would be required to sign off on a house to receive your share of stocks. ...

Celia R Reed's Answers (3397)

My wife got a lump sum ck. from inherited non spouse IRA.

TENANTS IN COMMON, SHARE AND SHARE ALIKE PER STIRPES..QUESTION..DOES MY SISTER AND I NEED TO GET THE ESTATE IN OUR NAMES TO SELL

Who owns the house I live in currently.

My mother passed away and the house that we (I am her daughter) is still in my father's name. He passed in 1987.

My wife and siblings took lump sum payouts on an inherited ira from her father and step mon both dead.how to cut tax burden?

Does a dba business pass through an estate as though it is just another asset (or liability)?

Contesting a Will

Do i need to hire attorney

How do I find an attorney to represent our family I a probate situation , my sister passed and all her property was left to us

If there are stocks in probate, do they have to be presented to a judge and signed off on before being distributed?