My sister would like to "give" me her half of a home that we co-own. What are the tax liabilities?
As pointed out, JTWROS may have been a dandy idea when it was done but now you each have a husband/family and your interest in the house will pass...
Danville, CA
Estate planning Lawyer at Danville, CA
Practice Areas: Estate Planning, Tax
As pointed out, JTWROS may have been a dandy idea when it was done but now you each have a husband/family and your interest in the house will pass...
This is a very complicated area of law. I am in California. You should call the local county bar association and ask for a referral to an...
A probate will have to be opened in the state where the land is to transfer the title of the land to your names. Was that land in his name or part...
Because being an Executor is often a huge amount of work and possible liability, the states usually set a fee for the work. It is the same as the...
Mr. Thomas has precisely answered this question and, as usual, done an excellent job of it. If the married girlfriend is pressuring him to make...
Because you are personally liable for the tax, the debt will follow you. You cannot just 'change clothes' and hope for a fresh start. Contact the...
It seems as if he DOES need to see a tax professional to be brought current on his filings. He should file the two he has and get help to file the...
Depending on how far into her disease she is, she may not be able to give you POA because she lacks capacity. She may be early in the disease...
I am in California but like NY, there is no state inheritance tax [at the moment!] and this would not be subject to federal income tax generally...
You need to see an NC attorney now. He cannot use the assets of the estate for his own benefit and he cannot deny you your share of the estate. ...