If I inherit property jointly with other beneficiaries, must I pay income taxes on my share if they "buy me out?"

As the other attorneys point out, the decedent's basis steps up to fair market value at the date of death. The issue you may get into with your...

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Does buying and selling cars effect taxes?

This would be income to you. The difference between your basis and the net sale price. Your basis is your purchase price plus the cost of...

If my spouse claims me as an exemption on our federal returns does this mean she gets more of a refund?

Yes it will increase the refund because it increases the deductions from income. I am wondering why you are questioning this? Are you separated? ...

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If you formed your company on Jan 2, 2013 when do you have to pay the FTB in California.

Estimated taxes are due by the 15th day of the fourth month following incorporation. The rules in the first year are different than subsequent...

A deposition like any other matter is a public proceeding and the public is entitled to be there. The only parties that can be excluded from a...

He doesnt have the right to change anything, but giving him the keys to the kingdom would not be a good idea. This is the beginning of bullying by...

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I have just found a note from my partner 17 years stating that he wanted all of his personal items left to me.

Unfortunately, Washington State is one of the few states that does not recognize holographic wills. Sorry for your loss and sorry that have to...

Question about the duties of two co-trustees

I agree with my colleagues. Although Im licensed in NY, I practice in California. In California the code specifically provides that a co-trustee...

My husband does not have a will & my name is not on the property or the house. If he dies who will get it? Me or his adult child

You both should seek out a local estate planning attorney. You probably dont have an advance health care directive either. If something happened...

My mother -in-law is a beneficiary and is incapacitated. She is 93 yrs old.

I believe Mr. Rieck is correct. I would have said the same thing.