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My brother had POA and moved four bank account balances to one which he was joint on while my mother was in ICU.
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Answered on February 23, 2015
An agent under a financial power of attorney usually has a duty to look out for the best interest of the person for whom s/he is acting. As such,...
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My father died in 2010. There are 3 legal heirs. Before the estate was probated in 2014 (the time is because heirs cant divide)
Kirk's answer
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Answered on February 23, 2015
I agree with Ms. Romano's answer. I would add that if the uncle (who is now the 1/3 interest holder in the estate) fails to provide his social...
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No will, probate rights /process for heir inheritance
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Answered on February 23, 2015
A simple solution could be is, if you know the court where the probate of your mother's estate will be administered, file some type of document...
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Can my credit card creditors/collection agencies put a lien on my house? My house mortgage was modified six years ago. I am
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Answered on February 23, 2015
I agree with Mr. Weiss' answer. I would add, if you have equity in your residence, consider filing a homestead. That will protect your equity...
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Changing states for domiciled corporate home.
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Answered on February 22, 2015
I agree with Mr. May answer. I would add, consider structuring the transaction so as to be a tax free reorganization / merger under the Internal...
Pls Define the difference between a SPENDTHRIFT PROVISION (within an irrevocable trust) and a SPENDTHRIFT TRUST? Same thing?
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Answered on February 22, 2015
Spendthrift provisions and spend thrift trusts are designed to protect trust assets from a beneficiary’s actions, creditors or future ex-spouses....
Re: Revocable Living Trust. Are you able to explain what a SIMULTANIOUS DEATH CLAUSE & SPENDTHRIFT PROVISION is?
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Answered on February 22, 2015
Ms. Sauber's and Mr. Weiss's answers. I would add:
Chapter 135 in the Nevada Revised Statute on point to your question of the definition of a...
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Irrevocable Grantor Trust for Medicaid Qualification. What are the pros and cons? How does it work? We have lots of questions.
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Answered on February 22, 2015
I agree with Dara Goldsmith's answer. The critical thing about all of this is, if your elderly parents apply for benefits and are found to be...
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Which tax form(s) to file for a US citizen receiving inheritance from a Canadian Permanent Residence with US citizenship?
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Answered on February 22, 2015
Your question states that you received “money.” If that is so, you or the estate of your uncle may need to file an FBAR, FinCEN Form 114a, because...
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Giving USA citizenship vs paying taxes new law
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Answered on February 19, 2015
I agree with Mr. Gray's well written answer. Here is my two cents.
FBAR - Foreign Bank Account Reporting - filed with FinCEN - Form 114a
For...