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Recent Estate Administration questions
A taxpayer passes away on July 12, 2015. He has an S
A taxpayer passes away on July 12, 2015. He has an S Corporation. In his will he states that corporation and its assets go to his girl friend. His girl friend is also the signatory of the corporation bank account. The court has appointed deceased taxpayer's daughter as the Estate Administrator. Is the Corporation under the Estate? The Administrator is preparing the Corporation tax returns. The girl friend thinks that since she is the signatory to the bank account, she can spend the corporation bank account funds not only for the corporation but also for her personal needs since she thinks that corporation is going to be hers any. Distribution of Estate assets has not taken place. How will Administrator handle this situation?Can the Administrator liquidate the Corporation? Can the Estate Administrator freeze the bank account?
Need to transfer vehicle title when owners are deceased.
Need to transfer vehicle title when owners are deceased. Will did not specify the vehicle. My sister and I are the surviving children, have death certificates. Someone told me could do a power of attorney via the DMV, but not sure what exactly needs to be done.
My parents have a lot in Florida that was left in the Will
My parents have a lot in Florida that was left in the Will to my brothers. Father has been deceased since 1990 & mother since 2007. I have not yet turned it over to them. What do I need to do to do so? Quickest and easiest way, please
Parents died left me $ in will, now six years later i
parents died left me $ in will, now six years later i received a letter requestingi sign, notoarize and return (receipt and release) beofre i get money. is this normal? sould i say send me the moeny and i'll send their release?
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My husband died April 28,2016.. Yesterday a letter from a
My husband died April 28,2016.. Yesterday a letter from a collection agency saying my husband had a debt of $15,000 came addressed to him. The letter said because of the age of the debt, he could not be sued. I really knew nothing about the credit card but when I was cleaning his office I found a letter from a collection agency dated2011. How do I respond to this letter? Funds that will go to probate are limited and will pay hospital bills.JA: Because laws vary from place to place, can you tell me what state this is in?Customer: South CarolinaJA: Have you talked to a lawyer yet?Customer: Not about this. The letter came yesterdayJA: Anything else you think the lawyer should know?Customer: Not really. I have an attorney who is handling probate.JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Estate Lawyer about your situation and then connect you two.
In figuring the value of an estate, how are dividends
In figuring the value of an estate, how are dividends declared but not paid treated? One firm, Charles Schwab, says the amount is added to the assets. I think they're excluded, because they are already included in the x-dividend value of the stock and will later become income to the cash basis estate. Seems like Schwab's method results in double taxation unless you do a manual adjustment somewhere.
When figuring my brother's estate would income tax come offView more estate law questions
when figuring my brother's estate would income tax come off estate value? in other words if the estate was 180,000.00 and he had tax bills of 70,000.00 would the estate be worth 110,000.00? So would the probate lawyer charge my 3% of 180.000.00 or 3% of 110,000.00?