Questions answered by Douglas Jay Lineberry

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Can I direct the account holder of my inherited IRA, to gift an amount up to $13,000 to a family member without any tax issues

Douglas's answer | Answered on September 22, 2012

I take your question to mean that you have inherited the IRA and that you'd like to direct a distribution from it to another party, in the amount...

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Can funds be taken from the assets of my deceased mother's estate against my will to pay off her credit card debt?

Douglas's answer | Answered on September 21, 2012

The short answer - "yes". Creditor claims against the deceased are required to be paid before distributions to beneficiaries. Stated another way,...

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I just inherited a home and wish to put it in a trust for my kids, but I have a lot of personal debt. Will this avoid creditors?

Douglas's answer | Answered on September 20, 2012

You might be able to disclaim receipt of the inheritance, in which case it could go directly to your children anyway. You really ought to consult...

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As a married couple with a young child what type of legal will documentation do we need?

Douglas's answer | Answered on September 04, 2012

As with any other couple with a younger child, one of your most specific concerns should be with regard to who will take care of the child and...

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I have made out a WILL previous in Nevada but have moved to Washington State, do I now have to make out another WILL in WA.?

Douglas's answer | Answered on August 23, 2012

Your Nevada Will is going to be honored by Washington courts so long as it was validly executed in Nevada. RCW 11.20.020: "That a last will and...

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Tax Refund and Back Child Support Question

Douglas's answer | Answered on August 17, 2012

This is more of a family law / divorce question than a tax question, but I'll be happy to share my thoughts on it. You say your wife "was...

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I am going to file for bankruptcy and just found out that the credit card company garnished everything I had in my bank account.

Douglas's answer | Answered on June 01, 2012

A certain amount of it may be exempt, and no, they don't have to notify you first. If they did you'd just take the money out first and then...

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How do I go about filing personal bankruptcy in the least costly way?

Douglas's answer | Answered on May 23, 2012

You can find information on filing for bankruptcy without an attorney at the US Bankruptcy Court's website. I will provide a link below. Once you...

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Can you add school loans or court fines to bankruptcy?

Douglas's answer | Answered on May 18, 2012

Your questions are pretty general. I don't think anyone would be able to give you the broad overview and do it justice here, but a few comments...

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Domestic Partner in Family trust home.

Douglas's answer | Answered on May 18, 2012

There's some question here as to what the domestic partner's status is. You are probably correct in stating that the trust owns the property. ...

Douglas Jay Lineberry's Answers (125)

Can I direct the account holder of my inherited IRA, to gift an amount up to $13,000 to a family member without any tax issues

Can funds be taken from the assets of my deceased mother's estate against my will to pay off her credit card debt?

I just inherited a home and wish to put it in a trust for my kids, but I have a lot of personal debt. Will this avoid creditors?

As a married couple with a young child what type of legal will documentation do we need?

I have made out a WILL previous in Nevada but have moved to Washington State, do I now have to make out another WILL in WA.?

Tax Refund and Back Child Support Question

I am going to file for bankruptcy and just found out that the credit card company garnished everything I had in my bank account.

How do I go about filing personal bankruptcy in the least costly way?

Can you add school loans or court fines to bankruptcy?

Domestic Partner in Family trust home.