First US Citizens are taxable on world wide income, that means your parents should report the sale of the condo in Colombia on their form 1040....

Will an LLC in Wyoming be the best way to protect my personal assets?

Before you move to establish a business entity in this case, what other protections or factors have you considered: 1) What is your realistic...

If co-executing on a relatives estate, can one executor override the amount of compensation due to the executors?

What this type of dispute gets down to all the time is, how much work did each executor do, what type of work was required (yes different types of...

The first question that should be asked is whether property exists that needs to be probated? If so, then yes, some type of probate will be...

What is my responsibility for a loan in my deceased father's name, the estate of which has already closed probate?

Probate statutes in many of the states provide a procedure to notice known and unknown creditors, whether secured or not. In the case at bar, if WV...

Insolvent Estate

A little investigation may be in order to determine whether in a divorce the life insurance policy is still validly payable to the ex-wife. What...

Are there any repercutions with a Quitclaim deed once notarized ? Can an Executor of Estate contest? Or?

I agree with Mr. Warring's comments. My additional thoughts are: 1) A notarized document proves only that the person signing the document has...

How do I report lump sum death benefit disbursment from retirement annuity that deceased was still paying into?

I agree with Mr. Zelinger. I would add that if there is an annuity in the estate that is to be reported on a Form 706, that there is likely is what...

In possession of property which should be in an estate.

Many states' probate laws provide that an interested party may open a probate, including a creditor. You may want to place what ever financial...

A 50 yr old man dies, has a condo with mortgage and a car owned outright. He is not married, never had children, parents gone

The only other comment I would add to Mr. Bowes comment is if no one steps up to the plate to address the deceased's estate, then what remains will...