Archived
Father passed, there is a trust account. Home sold. Successor Trustee, sent letter to beneficiaries. Does estate need an EIN?
James's answer
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Answered on April 20, 2015
Yes. EIN will be required for either trust administration or estate administration.
Yes. Final tax return will be required.
Question confusing...
Archived
Executor vs. Trustee. One relative is listed as executor on pour over will. Another relative is listed as trustee.
James's answer
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Answered on April 20, 2015
Executor has responsibility for managing the probate estate.
Successor trustee has responsibility for managing the trust.Simple "pour-over will"...
Archived
Conservatorship of Person & Estate - can court appoint a "professional fiduciary" on it's own?
James's answer
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Answered on April 20, 2015
Yes. However, not likely. Court will heavily rely upon recommendations of Probate Volunteer Panel Appointed Attorney and Probate Investigator's...
Gifts of shares of stock of U.S. corporations (by NRA to US residets) are not subject to U.S. gift tax. T or F?
James's answer
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Answered on April 20, 2015
Wrong. Gift made solely for purpose of avoiding federal or state estate taxes are avoidable. Further, they may be basis of imposition of...
Archived
How can i claim my inheritance?
James's answer
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Answered on April 20, 2015
Immediately contact probate counsel. You may have right to receive all property cited. Probate may be necessary. Emergency protective measures...
Archived
The trustee in a Chapter 7 case has already issued his Report of No Distribution. He did not object to any exemptions...
James's answer
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Answered on April 20, 2015
Yes. You may amend Schedules A and C any time before discharge. Even after discharge, you may reopen case to amend. However, may not be in your...
Archived
This person promise me that she will fix my credit. she demanded 1000 dollars in cash now she dont anwser my calls
James's answer
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Answered on April 20, 2015
Appears you have been unfairly taken advantage of. Contact local police department to initiate investigation.
Archived
A person from china has established a bank account using my address to have mail send to them I'm curious to as the bank account
James's answer
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Answered on April 20, 2015
Facts presented suggest identity theft. Contact local police and report facts as stated.
Archived
Asbestos contractor bill $9k 4 work not done. Gave offer 2 pay for work done. Threatening lien/forced sale of home - this legal?
James's answer
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Answered on April 20, 2015
Contractor has right to place Mechanics Lien and enforce through lien sale. You have right to dispute and claim offsets in Superior Court. You...
Archived
How to stop collection agency from writing to me after I already sent a letter disputing the debt i did not owe?
James's answer
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Answered on April 20, 2015
Your inquiry indicates violations of both FDCP and CA Rosenthal Fair Debt Collection Procedures Act. Link follows: <a...
