Consequence of ILIT Grantor stopping premium payments , surrendering policy for cash value with intent of using the proceeds.

I agree with Mr. Pankowski; the answer depends on the terms of the trust, but generally, the proceeds need to be distributed to the...

What are the options for ILIT where policy has been surrendered for cash value and money sitting in lawyers trust account.

If the money is sitting in your lawyer's IOLTA account, you should direct questions to your attorney who has, among other advantages over Avvo...

Who receives my father's belongings and is there anything I can do about this?

Is there a will? Will a probate be required? Your uncle is not entitled to your dad's personal belongings.

Valid is not the same as effective. The purpose of reducing your agreement to writing is to protect your interests in the event of a dispute. ...

Can Independent Contractors Collect Unemployment Benefits when you are unknowingly hired as one?

Independent Contractors do not receive unemployment benefits until or unless they show they were misclassified as ICs. Independent contractors...

Do I need a lawyer to process a will that I names me beneficiary or can I do it on my own?

It sounds like the value of the estate will exceed $150k. If that is the case, then probate cannot be avoided, unfortunately.

With same sex marriage now allowed, is it necessary to annul our previous domestic partnership before we get married?

It is my understanding that individuals who are registered domestic partners with each other may be married to each other, but if they are...

(Forgive my lack of terminology.) Taking price quotes to get a will made. Only specific need is estate beneficiaries ASAP.

I agree with my colleague. This is an issue for your uncle to take care of and your involvement may be misconstrued as undue influence or...

Selected as the best answer

I'm receiving some funds from a person who won the lottery in the UK. This person is gifting me a portion. taxable?

I would add that even if the gift is not taxable, it may be reportable.

I have not filed income taxes for 2011 & 2012. I received a notice about an amount due 8/7/13 for 3K.

You are right to address this issue as soon as you have received your notice. Contact an attorney who can help you file and handle the IRS. ...