1. No current income tax consequences. HOWEVER, as a gift, you take the income tax basis of your brother for his portion. So, if you sell the...

What happens to an IRA beneficiary bequest when a named beneficiary does not claim it?

The petition should include all you know about this person. Could the name be an error for the correct name or what? A number of years ago, I got...

Can I issue the money from a bank account to the beneficiaries children?

When a beneficiary dies before distribution, their estate may need to go through a probate process. If either or both children who died had a...

Would a Chptr 7 discharged debt be upheld if it was wrongly classified as Unsecured when it is actually a "Secured Debt"?

To add to the other answers, If you do foreclose, you will have to make sure the first TD gets paid or the first TD will foreclose and the second...

A power of attorney with 2 witnesses is valid. HOWEVER, you will have a problem getting any financial institution to allow the agent to act under...

How can my deceased wife, of 2 yrs, sister sell the home of their deceased mother, of 8 yrs, without wife's probate?

You need an attorney. Was there a probate of your mother in law's estate? If not, no title company will provide title insurance and the house sale...

My sister changed the locks of the front entry of the intestate estate and moved her adult granddaughter in my room while I was

With no trust, there has to be a probate. No one has authority to do anything with the house until an administrator is appointed. You can...

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How can claiming bankruptcy help me with a debt collector who put a link on my property

One fact is missing from your question. Were you sued and did the creditor get a judgment? If not, the lien should not have been recorded. Take...

In my experience, the discharge is posted and the email sent about a week after the time to object has passed. When the law changed in October...

My sister passed away while renting my dad's condo, how long do I have to get her belongings out before it is rented again?

What is the size of sister' s estate.? If over $150,000 gross value, a probate will be necessary. Sister's spouse, children, or parents (Dad) are...