Can this child contest my will

I agree with attorney Koslyn. Have the attorney that originally prepared your will or another attorney prepare a codicil to reflect your desire to...

Probate lawyer asking me to sign Waiver of Accounting although I am not a beneficiary under the will. Do I sign?

It is because you are a potential heir and would be entitled to an accounting of the estate. A waiver of accounting allows the estate to forgo an...

I got audited for 2007 and now the IRS says they want to audit 2009.

There is nothing you can legally do. This is still an open year for audit. The best thing you can do is talk with the agent and see if you can...

Can Debt Reductuions be taxed as "income" ??

Yes, this is income. When you borrowed the money it was not taxable income. However, when debt is canceled it becomes income. There are specific...

If i hired a professional to prepare my taxes how much liability does he/she have for a mistake on them?

If the professional made the mistake they may be liable for the penalty. The original tax liability is always your responsibility as well as the...

Can my mother-in-law give my husband $13,000 and me separately $13,000 or would we be considered "one person" so to speak-

The annual gift is per person and you and your husband would count as two people. Therefore, she can give you $3000 each.

When you get married your fiance/new wife does not inherit your previous tax debt. However, if you file a joint return in the future the IRS could...

When ownership transfers a reassessment is possible. Under the CA Revenue and Taxation code an exemption is allowed for up to $1,000,000 for the...

I am an appointed trustee for my uncle that passed away. I was told that I ned to file secsesser trustee.

This can be a complex process and as the trustee you can have possible personal liability if you make any missteps as the trustee. Since you are...

My brother is trustee of my father and mothers will and trust, my mother passed away 1 1/2 yrs ago, my father is still alive

There appears to be no legal issues at this point in time. When your father passes you should hire your own attorney to protect your interest in...