Archived
My mother put my name on her house so when she passes it will go directly to me. What is my basis if I sell it after she passes?
Matthew's answer
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Answered on May 01, 2013
The basis in the property will depend on what estate you actually have in the property. "Estate" can mean several things in the legal world, so in...
Archived
What is the best way to move my business and myself to Nevada, while wife and kids in CA.
Matthew's answer
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Answered on May 01, 2013
The big danger you want to avoid is would appear to be a liquidation and formation of a new entity, which would trigger capital gains taxes. Thus...
Archived
Does the 'Pain and suffering' portion of an injury settlement disqualify an elderly medi-cal recipient from the program ?
Matthew's answer
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Answered on May 01, 2013
It could, and might likely, affect medicaid. As mentioned. A special needs trust should be used to preserve benefits and access to the funds.
Archived
Foreclosure on a home after a BK
Matthew's answer
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Answered on April 30, 2013
If a foreclosure occurs, then yes. However, if you file for Chapter 13 and surrender the property, the surrender will NOT appear on your credit...
Archived
Medi-Cal planning: Does an individual spouse transfers liquid asset property transferring to her child count for applicant?
Matthew's answer
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Answered on April 29, 2013
The gifted amount will be included in determining eligibility for 5 years from the date of the gift.
Archived
If a person is incarcerated, can a court order be issued to allow the person to be appointed as administrator?
Matthew's answer
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Answered on April 29, 2013
No, he can't. You cant do the job of an administrator from jail. Your sister's nomination have no affect.
Archived
Can i get a new car weeks before filing chapter 13 bankruptcy?
Matthew's answer
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Answered on April 29, 2013
In my jurisdiction I have never had an issue with a release of one vehicle and the purchase of a new USED car. I have yet to ever be denied. There...
Archived
I want to apply for an EIN number (i dnt have a socia)... and i get payed off the books.... what can i do and what do i need...
Matthew's answer
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Answered on April 29, 2013
Contact the Department of Social Security
Archived
Maine probate, can PR sell house in Estate of (owner name) with agreement of heir, & deposit proceeds in estate bank account?
Matthew's answer
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Answered on April 29, 2013
That would depend on (1) what the Will says, if anything, and (2) why the PR is liquidating.
If the PR is liquidating to raise funds to pay for...
Archived
Does a wife who has been separated from her husband for a number of years (10+) have a legal right to contest a will made by her
Matthew's answer
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Answered on April 29, 2013
It would depend on two things.
1)and most importantly, the law of New Jersey and how they affect this situation, as they can change from state...
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