Bro & I want to put our separate properties into a trust. Would it be beneficial to put all into 1 trust as grantor/co-grantor?

Set up your own individual revocable trusts. This way, you retain complete control over beneficiaries, management, etc.

We are 80yrs old, can we give 10K each to our 3 kids and 6 grandkids without report to IRS

The Federal Gift Tax Exclusion for 2014-2015 is $14,000. This means that you and your spouse, each, can give any single donee a gift up to $14,000...

IRS Offer in Compromise question regarding personal + civil penaltl

You can certainly submit an offer including your tax debt and penalties.

How should I proceed with this when I live in Canada?Contesting a Will-I don't think he was competant at time.

In order to contest a Will in California, you need to have standing to contest, sufficient grounds, and must comply with strict time restrictions....

Is there anyway to know if there is a life insurance policy on a family member that has passed?

I agree with the other attorneys. Additionally, check with any former employers. Sometimes people purchase life insurance at the time of employment...

Can CSSD levy a trust bank account because the trustee has a debt?

I agree with the the other attorneys. You should not be opening a Trust Account under your social security number. You need to apply for a tax...

Am I liable for the debt of one who has passed?

If you are positive that this is not a joint account, and that instead, you are an authorized signer, than you would not be held responsible for...

My mom has died and my sister has taken all. How do I get a copy of the trust agreement my mom had? Will I need probate?

If you are not a beneficiary of the trust, at this point, you are not entitled to a copy of the trust. That is one benefit of a Revocable Living...

Can we get a tax deduction for our son as a dependent if we have 40% custody?

Only one taxpayer can claim a chid as their dependent for a tax year. Usually, in the divorce or custody judgment, the judge will order who can...

Generally, self-employed individuals must pay self-employment tax (Medicare and Social Security) and income tax. You must determine your net...