Qualified plan assets are special assets requiring careful planning. Do not rely on a financial planner or investment adviser for these...

Yes you can but only if you want to get sued and then removed as the trustee by the court. If this is the goal, then go right ahead. I am...

The other responses are all good, but you have some issues that should be answered by a lawyer after reviewing the premarital agreement. If the...

Rental property from personal name transfer to LLC ( self owned ). What are taxable events ?

There is generally no tax consequence when transferring property to your single member LLC, especially where the single member LLC continues to be...

How can I borrow money from a trust or will when the trustee is still alive?

If your mother is incompetent, then she is likely not the trustee of her trust or possibly she has a guardian/conservator appointed. If so, then...

If a will is left for an estate, does it go into probate?

the others provided good advice but as a way of summing it up, a Will requires probate so if a person owns property and leaves a will, probate is...

Ultimately the IRS will match the support reported by the taxpayer receiving the support and the deduction claimed by taxpayer paying the support,...

When the first letter you get from a tax agency says you may have criminal charges, then you know there is high probability this is a scam....

Tax Treatment for Settlements?

Ken Grey's advice is best, you need a lawyer to represent you in this transaction and there is not enough facts for a lawyer to give you a firm...

Does Mom's legal address remain the same?

Don't worry, there is no fraud here. Sounds like you and your sister are cooperating to take good care of mom and the address of your sister, the...