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Our will states if my husband and I are deceased the estate

Our will states if my husband and I are deceased the estate goes to our surving children. We have one daughter, granddaughter and son-inlaw. Who will inherit?JA: Since estate law varies from place to place, can you tell me what state this is in?Customer: NCJA: Has anything been filed or reported?Customer: I not sure I know what you mean.JA: Anything else you want the lawyer to know before I connect you?Customer: No

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Loren

Juris Doctor

41,292 satisfied customers
My mother is 78 and owns 3 properties free and clear; the

Hello. My mother is 78 and owns 3 properties free and clear; the house in PA she lives in and two others that are rentals (one in PA and one in FL). My sister and I (and my mother) are wondering if/when/how to transfer ownership of the properties to avoid the most estate taxes. Any input you have would be welcome. Thanks!

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Gerald, Esq

Juris Doctor

6,542 satisfied customers
I have a friend who has been working as Physician's Asst and

I have a friend who has been working as Physician's Asst and would like to set up his own practice, rather than work for someone. He has a trust he will inherit some day with about $400 K in it. His parents are still living. I have been doing some business consulting with him. He would like to access the trust funds for the purpose of setting up his practice. His parents have mentioned possibly helping him out with a loan. He is hoping his parents could work out giving him the trust while they are still alive. We do not know the details about the trust, other than his parents set it up. If the parents set it up, is it likely they can work out an earlier access for him to the trust funds? He figures to make an extra $40K per year by being able to open a practice. He would like to sound intelligent when asking his parents to do this. Maybe he could ask some questions about type of trust. A short education of how it would or would not be possible would be very helpful. He feels if he has a good understanding of how it might work, it will make it easier to get his parents to work it out, if they can.

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Gerald, Esq

Juris Doctor

6,542 satisfied customers
A relative living in Tennessee died on Jan2. He had a will

A relative living in Tennessee died on Jan2. He had a will and everything was in a trust. He left his house to his fiance, who happened to die on Jan31. Is she considered to have survived him legally?JA: Since estate law varies from place to place, can you tell me what state this is in?Customer: TennesseeJA: Has anything been filed or reported?Customer: The will is not required to be probated because of the trust. If the fiance is not considered to have survived the principal the house would then go to the principal's children.JA: Anything else you want the lawyer to know before I connect you?Customer: I can't think of anything? I just want to know if the children have any standing in claiming the house.

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Ray

Lawyer

Doctoral Degree

40,304 satisfied customers
I have a real estate / inheritance question. First let me

I have a real estate / inheritance question. First let me give you some background: my parents own lakefront property in Tomahawk, Wisconsin (Lincoln county). On the property are 4 old seasonal cabins - built back in the late 1920's and only used in summers. My parents inherited these cabins from my mom's parents. Because of this inheritance, my parents were grandfathered in to certain code exceptions - such as keeping in place the dry-well system in each cabin (water from the faucets runs into an underground pipe and empties into a buried Rock bed). That is the way it is to this day with no issues. They have left this property to me and my sisters in their will. If they transfer ownership before they die will we be grandfathered into these same exemptions? And what if it passes to us after they die? Is there any difference in timing? Thank you.

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Gerald, Esq

Juris Doctor

6,542 satisfied customers
My mother passed away recently and among other thing there

Hi. My mother passed away recently and among other thing there was an irrevocable set up and both my sister and I are the beneficiaries. My question is once the money is split between my sister and myself, do I have to pay INCOME tax on the entire principal (somewhere around $250K for each of us, or am I only responsible to claim what the trust has earned as income?JA: Well, we require $5 .Customer: OK. But I don't know if I'm comfortable giving out my credit card information on line to you.JA: Since estate law varies from place to place, can you tell me what state this is in?Customer: Yes we all live in New JerseyJA: Has anything been filed or reported?Customer: When you say "anything" I don't know what you are referring to.JA: Anything else you want the lawyer to know before I connect you?Customer: I guess it's worth mentioning that we will each inherit about $168K each in IRA's. The broker that handles the IRA's already made us aware that the RMD will be around $15K for tax year 2017. We are also inheriting proceeds from about four CD's and a couple of checking accounts.

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

51,164 satisfied customers
Property in M.D. no. I close on a property on 10 March. Is

Hi Pearl!JA: What state are you in? It matters because laws vary by location.Customer: Property in M.D.JA: Has anything been filed or reported?Customer: no. I close on a property on 10 March.JA: Anything else you want the lawyer to know before I connect you?Customer: Is it possible to list my wife in the deed as a right of surviorship, without her being named as an owner in the deed.

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Roger

Litigation Attorney

Doctoral Degree

34,606 satisfied customers
Anyone very familiar with N.C. state laws governing

anyone very familiar with N.C. state laws governing divorces?JA: Because family law varies from place to place, can you tell me what state this is in?Customer: My question contained the state. ??????????????JA: What confuses you?Customer: is property that was attained & still owned by 1 person prior to marriage (i.e. a house) required to be split in a divorce?JA: Has anything been filed or reported?Customer: noJA: Anything else you want the lawyer to know before I connect you?Customer: I want an answer to my original question please.

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ScottyMacEsq

Doctoral Degree

24,026 satisfied customers
1983 put my ex-wife as my beneficiary on my pension. Thought

1983 put my ex-wife as my beneficiary on my pension. Thought I had changed it in 2003 to my new wife. Found out recently it didn't work. How to get my wife as beneficiary.JA: Because employment law varies from place to place, can you tell me what state this is in?Customer: Santa Fe, New MexicoJA: Has anything been filed or reported?Customer: I asked the current carrier(?) to change it but their service person said no.JA: Anything else you want the lawyer to know before I connect you?Customer: No.

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Irwin Law

Juris Doctor JD

9,506 satisfied customers
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