Tax question

Were you married on 12/31? Going through a divorce is not the same as single. There must be a divorce decree. The year the divorce is finalized...

Do my wife and I need to assign Power of Attorney?

I am not sure what you mean by "assign" but if you meant to say sign a springing power of attorney, the basic answer is that it couldn't hurt, it...

What is the procedure to get bonded for an estate?

Bonding is buying insurance to protect the estate from theft of mismanagement by an executor. You have to find an agent that underwrites...

Probably not, if it was drafted correctly. It depends on the language of the succession paragraph. Was the original drafted by a lawyer? A...

Can you be arrested for a payday loan

It is unlikely you will be jailed for non-payment of a debt. As the other lawyer mentioned, there is a specific kind of lawyer that handles...

If deceased person lived in OH last few years where Probate is open, but had property in AL,does probate need opened in AL?

If it is titled in the name of the decedent, usually what is known as an ancillary proceeding has to be filed in Alabama to transfer...

Should anyone do any estate planning this year since the estate tax is repealed?

You can do estate planning, but if you have enough assets to worry about the estate tax, any estate plan you craft may need to be changed if...

Does a short sale in a bankruptcy incur a tax liability

The problem is either could be correct. It would depend on a few factors. 1. Was it an investment? If yes, then E is out. Are you in Chap...

Can I legally take money my ex boyfriend owes me out of a joint account?

If he contributed all of the money to the account, taking it would subject you to civil and possibly criminal problems. Your better option...

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My brother has given up his POA to me, do I also need guardianship? Mom has alzeheimers,has been declared incompetent.

It depends. A power of attorney can contain most of the same powers a guardian can exercise, but it depends on what was granted. I am assuming...