Can the same donor make multiple gifts of $14,000 to the same recipient in the same calendar year 2013 without taxes being owed?

If the money is not in the US, the US gift tax structure does not apply. There may be reporting requirements because of the overseas financial...

Income from Biz Parents Buy for Son Unearned Income or Gift?

Not enough facts. Were you on the books as an employee and paid as an employee? Did you receive profits? What was the basis of the distribution...

Filling out a Petition for Determination of Descent (mother died 4 years ago leaving a house)

Simple answer is yes. They are living and your mother's issue and legal heir. Also, since its 4 years post death, its too late for them to do a...

My Mother is still competent, but has agreed to give me legal guardianship over her for her protection. How do I go about this?

You really should meet with an Elder Law attorney and determine if this is the best course for you. Depending on the type of protection you are...

Will moving realty (that is owned "outright"- with no mortgage) into ira protect this asset from creditor judgement? (ga.)

How do you propose to fund the IRA with the real property? Forget about protection, that is not possible. In addition, if you have a know...

Reviewing last years gift of LLC interest to child

You need a sophisticated Estate Planning attorney with a tax background to assist you. You are correct that this should b reviewed as I am not...

Must Children Severed by Adoption be Notified of Probate Proceedings?

Notice of the Petition for Probate was required on all heirs and persons named in the Will. If they were legally adopted as children they are not...

My husband and I have signed a NY will. If we relocate back to our homeland would our inheritance still be subject to NY law?

Im assuming you mean separate Wills. If you are not a resident of New York at your death, so long as you do not own property sitused in the State...

Selected as the best answer

The issue is of capacity at the time the document was executed. If she had capacity and was free from undue influence, you will not be successful...

Us

I agree with Mr. Lawrence, especially that more facts are necessary including how title to the property is held and who wants to sell. Not, if...