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PLEASE DISREGARD THE OTHER TWO QUESTIONS I ASKED EARLIER TODAY
PLEASE DISREGARD THE OTHER TWO QUESTIONS I ASKED EARLIER TODAY AND NO ONE HAS OF YET BEEN ABLE TO ANSWER I spoke to the irs . They are telling me if the estate is under 5 million, I don't have to file… read more
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We have a house we inherited (currently for sale) if we put the deed in our name and then the house sells, is there any tax liability? The concern is that if we leave everything as is - there is no ta… read more
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My wife and I have an AB Living Trust. The new estate law
My wife and I have an AB Living Trust. The new estate law allows us to set aside an asset worth 10 millions (today's money) without estate tax for inheritance. a. Can we attach an addendum to our Trus… read more
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i am co- executor for grandmothers estate. she had a farm,
i am co- executor for grandmothers estate. she had a farm, left to me and four other grandchildren and her son (my dad). Three purchased the property at the appraised value; three took money. I got a … read more
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How does 1.3 million apply in step-up of basis in allocation
How does 1.3 million apply in step-up of basis in allocation of assets? Where does that figure(1.3 mil.)come from? Is money in bank included? Or only real property?… read more
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Two parents died 10 days apart. Each owned stocks separately
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Are you an expert and credentialed in 2010 Taxation regarding
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I know that estate taxes for 2011 and beyond are in a state
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Under current law and assuming no new relevant law change in
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Assuming the IRS does not change the law this year re no estate
Assuming the IRS does not change the law this year re "no estate tax" how are the assets taxed upon death in 2010? I had heard, for example, that all inherited assets (real estate, stocks, etc) would … read more
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my mother died a couple of weeks ago. She left an estate of
my mother died a couple of weeks ago. She left an estate of about $3.4 million. it is all stocks (1.5 million with a basis of $380k) and bonds. Is it true that congress is working on a (unconstitution… read more
Thomas McJD
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In 2010 there is no federal estate tax. I think that heirs
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I live in Hawaii with my boyfriend of 13 years. I am to be
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My husband and I currently hold title to our residence as Joint
My husband and I currently hold title to our residence as Joint Tenants. We are considering changing to Community Property With Right of Survivorship because of the stepped up basis involved. What wou… read more
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I will inheret $100,,000.00 in 2009--is that income added to
I will inheret $100,,000.00 in 2009--is that income added to my regular income and then taxed? or is there just a different tax rate for an inheritance and what would the tax rate be for new jersey?… read more
Law Pro
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My mother died on 8/10/08. She left her condo to me (I am
My mother died on 8/10/08. She left her condo to me (I am the executor of the estate also), my sister and brother. I am currently living in the condo and I do have an estate attorney. He does not answ… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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