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My stepfather passed away almost 2 years ago and the joint
My stepfather passed away almost 2 years ago and the joint estate transferred to my mother. Everything was set up as "transfer on death." There is a will that was drawn up about 4 or 5 years ago and w… read more
Barrister
Barrister
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Doctoral Degree
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My father passed this last January and left a large estate
My father passed this last January and left a large estate valued at around $12 million. My sister is the Successor Trustee of the estate. She informed us that she will be taking an Executors/Trustee … read more
Jessica B
Jessica B
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A person in Nursing home in California and receives
a person in Nursing home in California and receives Medical/Medicare to pay for the nursing home. The persons receievs a large inheritance (1 million) in a form of a stock which he invests in TOD (tra… read more
socrateaser
socrateaser
36,397 satisfied customers
We live in NJ. I will inherit approximately 2 million
We live in NJ. I will inherit approximately 2 million dollars. The assets are two small homes. IRA monies, stocks, bonds and about $50,000. in bank accounts. The bank accounts I am jointly on with my … read more
RayAnswers
RayAnswers
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If my mother who dies at 83 with $750,000 in stocks and bonds,
If my mother who dies at 83 with $750,000 in stocks and bonds, does she pay an estate tax on that amount, or do we her children pay it? Does it automatically go into probabate court. She has a hand wr… read more
Barrister
Barrister
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Doctoral Degree
6,741 satisfied customers
My father recently passed away - all the assets are in joint
My father recently passed away - all the assets are in joint name with my mother, but I know she still has to file the will - is an attorney a good idea for this? what would the normal costs be? what … read more
Loren
Loren
40,982 satisfied customers
I am co-trustee along with my elderly father of my mothers
I am co-trustee along with my elderly father of my mother's irrevocable testamentary trust. I am also one of the beneficiaries. Discovered my father all but bankrupted the multi-million dollar trust a… read more
Attorney2020
Attorney2020
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TOD liability for medical bills in IllinoisMy friend has
TOD liability for medical bills in Illinois My friend has named me beneficiary of his stock via TOD. He is in end stage heart failure and receives medical care only from the VA. (He did not qualify fo… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
23,754 satisfied customers
My grandmother has lifetime estate to property in NC, the property
My grandmother has lifetime estate to property in NC, the property was transfered to me in 1992. If I sell it do I have to pay inheritance tax? Value is approximately $1 million… read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers
I live in California. My parents live inNew York. On their
I live in California. My parents live inNew York. On their passing, I will inherit approx 1.6 mil in stocks and another 1.6 in a condo that they purchased years ago for 35k. What inheritance, estate a… read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers
How do I arrange my mothers financial affairs to maximize the
How do I arrange my mothers financial affairs to maximize the value of the estate to her survivors? I understand that the house should pass through the will so that the tax base of the house is re-eva… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
My 75 year old mother has been in a nursing home for 9 years.
My 75 year old mother has been in a nursing home for 9 years. She spent her life savings of $235.000.00 for care at the nursing home in Iowa. The last 4 years medicare has helped pay for her care. My … read more
Irwin Law
Irwin Law
Juris Doctor JD
7,333 satisfied customers
Our mother filled out a will in 2006 that turned her house
Our mother filled out a will in 2006 that turned her house over to my oldest brother as the executor of the estate. She recently was admitting to a nursing home. Is her estate now property of the Stat… read more
Daniel P.
Daniel P.
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My mother was married for 21 years to a man named Bob in AZ.
My mother was married for 21 years to a man named Bob in AZ. Their A/B Trust when Bob died in 2001 was worth over a million dollars.NO real estate, all stocks and bonds. Now,after the horrendous econo… read more
Daniel P.
Daniel P.
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How much will I have to pay on money I received as an inheritance
How much will I have to pay on money I received as an inheritance from my mother? She passed on in October 2009. So far I have received money from 4 accounts not subject to probate. one account was an… read more
Loren
Loren
40,982 satisfied customers
1. How do I get a form 1041 2. What is the amount that
1. How do I get a form 1041? 2. What is the amount that is used to determine estate taxes? 3. My Uncle passed and left siplings, nieces and newfews part of his estate any problems? 4. Two of the peopl… read more
socrateaser
socrateaser
36,397 satisfied customers
My brother recently passed away. He was a gay man living with
My brother recently passed away. He was a gay man living with a partner. The will was written in 1985. I know that my brother's wishes had changed since then. He had verbally told me, but he died unex… read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers
My mother (a Calif residence) is my only living parent with
My mother (a Calif residence) is my only living parent with assests of a 800,000 home in CA, a 400,000 c0ndo in FL, and about 1 million in stocks and bonds with a money manager. I am a Florida residen… read more
legallysound
legallysound
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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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