I want to transfer some property to my children. Do I qualify for the Gift Tax Exemption?

The annual exclusion is not considered a "taxable gift." If your gift to a child does not exceed the annual exclusion amount, you are not required...

Two children of friends were orphaned. How best to contribute money to the custodial grandparent from a tax perspective.

Each of you give up to $14,000 for each child. If given in the proper manner, gifts up to $28,000 can be given by a married couple without the...

Once property is distributed to you, you can give the property to anyone you want. However, if the trust provided that your share was to be...

Trust administration question

Follow the advice given you by attorney Gregorian to use an Affidavit - Death of Trustee to change the legal title from them to you as successor...

My wife is named as beneficiary on accounts owned by her deceased father but the executor refuses to provide account information

There is more information needed to answer your question. For example, what information don't you have if you know is named as a beneficiary? Has...

The IRS can change its response time it set without consequences. It is not unusual for it to take up to 8 months for a response to an OIC it is...

Is a contest to a provision in a Trust under California probate code 21362 a challenge to the successors competency?

It is not clear to me even with your comment exactly what you are challenging and why. Probate Code Section 21362, I believe, deals with the...

I agree with the other attorneys that having an attorney represent the trustee and also act as trust protector, if not creating an actual conflict...

Trustee diverting half of trust to support a non-beneficiary because of an alleged agreement with the now deceased Settlor

The trustee is a fiduciary who is required to follow the terms of the trust. Distributing trust funds to a non-beneficiary or forcing you to...

How do you get an IRS lien on a private residence /life insurance removed if 10 tears have passed since the lien was placed?

A tax lien continues until either the assessed tax is satisfied or the statute of limitations on the right to collect the tax expires. As a...