Recieved money back by being the beneficent of my Michigan Education Trust do i claim it as income on my taxes?
I believe that money not spent on education should be taxed as income to you. An accountant could verify that for you.
Estate planning Lawyer
Practice Areas: Estate Planning, Probate, Elder Law
I believe that money not spent on education should be taxed as income to you. An accountant could verify that for you.
Don't sell the house without talking to an attorney! The house is an exempt asset. You really need to have an estate planning elder law attorney...
Yes, as long as they are competent to appoint you as their agent. There would be a separate document for each of them appointing you. Now is a...
It sounds to me like you should set up a trust with your husband as beneficiary. There are special kinds of trusts that would assist him without...
Keep in mind that the car loan and mortgage are secured debts. So before either the car or the house can be sold or transferred, the creditor will...
It all depends. A power of attorney is only effective while the principal is alive, the Will is only effective if the testator is deceased so...
She can only have one piece of real property which she may claim as her residence and have it exempted from Medicaid. The other one will certainly...
It is likely that your brother will become the personal representative unless you have an objection. That is why they are sending you the notice....
No inheritance tax in Michigan. If you get any qualified funds from her, such as 401k or IRA, then you will have to pay income tax, however.
It sounds like the Executor (who should be called the "Trustee" in this situation) is not doing his job. It does not sound like all the...