What point in time is value of estate determined and compensation based on value

The statutory compensation is based on value at date of death.

Will the financial power of attorney be held responsible for a debt incurred ?

It's the person with the power of attorney who should have been paying the bills. Does that person know your MIL isn't able to do that anymore?...

It sounds like you're talking about either a temporary (stand-by) or permanent guardianship nomination. The other biological parent has priority to...

What can i do if my mother passed away and her boyfriend has given us none of her belongings

Unfortunately, if your mother naively left insurance money to her boyfriend on the assumption that he would take care of your disabled brother,...

If two people own a house and one passes away, what happens to the house?

That depends on the title. If you hold it as joint tenants, the house will be yours when she passes. If you hold title as tenants in common, you...

What are the forms I need to fill out for probate of a decedent in Contra Costa County

Filing a probate is not a simple matter. It's not just a matter of filing one or two forms. I would suggest you either go to the county's...

As others have said, without a will you have no standing to inherit anything. If you don't trust your son to be trustworthy in handling his...

How to be exempted of transfer tax when my husband wants to gift me 25% of his ownership on our common single-home property?

There 'scan exemption for transfers between spouses.

What are the tax implications if we sell a property that is currently in a trust to ourselves way below market value?

If all the beneficiaries want to keep the property, why would you have to purchase it? Just deed it to yourselves in equal shares. Your basis would...

Does the IRS not know you work for a company as an independent contractor unless the company issues a form 1099?

First, companies are required to issue a 1099 to anyone they paid $600 or more. Second, you are legally required to report all your income, even if...