In California 401K plans are not automatically excluded from the ex spouse unless their name is taken off the account. You may want to review the...

If i short sale the home, what are the tax implications

The short answer is that you will have income. However, if you are insolvent as determined under Section 108 of the Internal Revenue Code, then...

What can I do?

You need to seek counsel immediately and I would do nothing until you have retained proper counsel that does elder law and trusts and estates...

My mother is on Medi-Cal and in a skilled nursing facility. I am trustee of her home - her only asset. The house is in need of

You need to seek counsel immediately. You should transfer the house out of Mom's name immediately, if you have a gifting power or your Mom is...

If I name my daughter as the beneficiary of my retirement accts, can she roll these funds into her own retirement acct tax-free?

Pursuant to the Pension Protection Act of 2006, your beneficiaries should not be able to roll over your IRA and your 457 plan to an inherited IRA...

Can I write off a swimming pool if my wife was born with a heart defect and can't exercise normally?

Under Section 213 of the Internal Revenue Code a swimming pool may be deductible as an itemized expense providing that you can show that your...

I bought a house in April and my Fiance short saled his home this week. Will there be any implications if we get married 2010

First of all and most importantly, setting aside any credit issues, will your fiance owe tax. There are a number of ways to eliminate the tax, you...

How much can, or has to be put, into the B irrevocable trust after my Fathers death?

You need sto seek counsel. The problem is that no one knows what the new estate tax law will be in 2011. You may or may not need to use fund the...

Dentist, did not call to get ok for veneers

Don't waste your time with the District Attorney's office as they will likely do nothing. I would call Adult Protective Services in your area and...

Our mother wants to quit deed her home now to us taking it out of the Living Trust.Is there any repercussions in doing this now?

You really need to hire an Elder Law Attorney familiar with Elder Law. Depending upon how it is handled there could be adverse income tax...