My dad is in the hospital and is not suppose to make it. What happens to his estate he is not married

If your dad made a will, then his probate assets will pass according to his will. If your dad did not make a will, then his probate assets will...

My LLC is in my Living Trusts, there are conflicting statements, as beneficiary the LLC Sam , the Trust has John. Help!

You have not provided enough information. If the "living trust" you are referring to is your own revocable living trust and you are the...

I made a donation to an organization. They are not non-profit. Is my donation still tax deductible?

Only taxpayers who itemize their deductions can take a charitable contribution deduction. If you take the standard deduction you are not...

Income Taxes

Check out this interactive IRS website to determine if you may claim your child as a...

PROMISSORY NOTE

If your brother doesn't have the ability to repay the loan when it is made, a court may recharacterize the loan as a gift because you did not have...

Tenancy in Common. Wife wants to buy out son, does he pay property taxes from when his mom died 3 years ago?

Your statement of facts is unclear. You should consult with an attorney and speak with her/him in person. First, I do not agree with...

Is a Revocable Living Trust - which is irrevocable upon the death of the grantor, subject to a Medicaid Lien in New York State

An individual with $130k of assets will not likely qualify for Medicaid assistance in NY. If long term care is a concern, why not consider a long...

My grandfather died overseas many years ago. He left his estate to his descendants but my grandmother took it all. We got little

Speak with an attorney in Denmark ASAP. As it has been "decades" since your grandfather died and you did not specify when the transaction...

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Is he working? If so, it may be possible for the commonwealth of Virginia to take monies directly from his pay check to pay for child support. ...

I am holding $160k for my grandfather in my bank account. Is there any tax consequence? Any legal step I need to take? Thank you

I don't understand why the money from the sale is in your bank account. Assuming your grandfather had title to this property before the sale,...