Estate Law

Estate law questions? Ask an estate lawyer.

Connect one-on-one with {0} who will answer your question

Related Estate Law Questions
What is the taxable rate when an adult child inherits an IRA
Hello -What is the taxable rate when an adult child inherits an IRA from a deceased parent?… read more
Elizabeth
Elizabeth
Law Clerk II
JD
11,727 satisfied customers
I sent you a question yesterday, but need help with another,
Hello again. I sent you a question yesterday, but need help with another, related issue.. My question: (Part 1) I had to open an Estate IRA account at Fidelity Investments where I maintained an IRA fo… read more
ProfessorEsq
ProfessorEsq
Managing Attorney
JD
13,061 satisfied customers
My father died in 2018 and my sister and I inherited an
My father died in 2018 and my sister and I inherited an irrevocable trust that his father set up for him. Our equal shares now have only about $66,000 each in them.The tax bill that they charge us ann… read more
AttorneyMatt
AttorneyMatt
Attorney
Doctoral Degree
17,458 satisfied customers
I have a valid contract with my sister, in which I promised
I have a valid contract with my sister, in which I promised one-half of the estate of our parents and she was to help me with legal work in removing an executrix from my mothers estate. My father died… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
8,207 satisfied customers
My sister and I inherited my mother's estate upon her death
My sister and I inherited my mother's estate upon her death in 2014. She resided and died in a state with no inheritance tax (Texas). Since her estate was worth around $500,000, well below the $4 poin… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
8,207 satisfied customers
, Our Mother passed away last July and left her children
Hi, Our Mother passed away last July and left her children with the death benefits from her annuity. We were told at the time that the proceeds would be tax free except for approximately $24,000 that … read more
Richard
Richard
Owner
Doctoral Degree
56,869 satisfied customers
I inherited my moms house in a trust around 10 years ago. Im
I inherited my moms house in a trust around 10 years ago. I'm thinking of selling it. My 2 sisters are also part of the trust. There is an increased value of approximately $250k (total value approx $6… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
8,207 satisfied customers
i have a condo in NYC that i originally lived in for 2 years;
i have a condo in NYC that i originally lived in for 2 years; i paid 750 K FOR IT. the past 4 years i have rented it out. i just sold the condo for 825k. i assume i have to pay capital gains tax on it… read more
Barrister
Barrister
Attorney
Doctoral Degree
8,260 satisfied customers
I have won a judgement in NY state. A portion of this judgment
I have won a judgement in NY state. A portion of this judgment is taxable in NY if I was a resident of this state. However, a month before the judgment was paid (but same taxable year) I have permanet… read more
Jack R.
Jack R.
Partner
Juris Doctor
6,136 satisfied customers
I am a naturalized US citizen born in India currently living
I am a naturalized US citizen born in India currently living in NY. My parents were citizens of India.. My dad passed away almost 2 decades ago and this year my mom passed away leaving a WILL splittin… read more
Thomas McJD
Thomas McJD
Doctoral Degree
6,425 satisfied customers
Question: My wifes mom passed away on December 27th of
Question: My wife's mom passed away on December 27th of last year. As a surviving daughter, what tax liabilities does my wife and her sister, both face (State of Florida and Federal) as sole and equal… read more
Thomas McJD
Thomas McJD
Doctoral Degree
6,425 satisfied customers
Is commssion paid to real estate agent taxable to him for the
Is commssion paid to real estate agent taxable to him for the purchase of his own residence… read more
Thomas McJD
Thomas McJD
Doctoral Degree
6,425 satisfied customers
Sister dies leaving about $100,000 in an IRA half of which
Sister dies leaving about $100,000 in an IRA half of which is taxed on distribution and half is not taxable. Administrator plans distribution of 70%/30% to two remaining living sisters. Is this money … read more
Richard
Richard
Owner
Doctoral Degree
56,869 satisfied customers
I live in the state of Florida. In June of 2010 a friend of
I live in the state of Florida. In June of 2010 a friend of mine who lived in Buffalo, New York, passed away. In his will, he left me the sum of $50,000. Is this money taxable, and if so, what would t… read more
JaxLaw
JaxLaw
Associate Attorney
Doctoral Degree
1,722 satisfied customers
I inherited money from my father last year when he passed away.
I inherited money from my father last year when he passed away. It was roughly 145000 dollars. I am confused from reading about this but are there exemptions I can take? Is this just considered regula… read more
Brent Blanchard
Brent Blanchard
Solo Practitioner
Doctoral Degree
1,964 satisfied customers
My client created an irrevocable living trust for the ultimate
My client created an irrevocable living trust for the ultimate benefit of his two children. He funded the trust with real property in Texas having a ranch on it. He appointed an independent person as … read more
socrateaser
socrateaser
37,075 satisfied customers
My father passed away in Maryland, May 6, 2010. My sister
My father passed away in Maryland, May 6, 2010. My sister lives in CA and I live in NY. We are the only heirs. Is there any advantage to depositing any inherited money to a bank in MD instead of our s… read more
Lawyer Lori
Lawyer Lori
Attorney
JD - Attorney
1,834 satisfied customers
When a will states that the Estate be responsible for all taxes
When a will states that the Estate be responsible for all taxes on the Gross Estate (in clause 2, before any executrix or her responsibilities are set forth) what is the priority that these taxes shou… read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers

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).

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

My husband has been driving me insane with questions regarding estate issues since his mother died. I'm not a lawyer! Thanks to JustAnswer, I was able to calm his concerns.

Loretta TIllinois

Thanks Adam!! - A very direct and understandable response - you have been a great help!

Happy CustomerEllicott City, MD

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

< Previous | Next >

Meet the Experts:

Barrister

Barrister

Attorney

8,260 satisfied customers

21 yrs estate law, real estate. Wills/Trusts/Probate

RayAnswers

RayAnswers

Attorney

8,207 satisfied customers

Texas lawyer for 30 years in Estate law

Nate

Nate

Attorney

2,055 satisfied customers

Over 10 years of legal estate experience.

Ely

Ely

Counselor at Law

1,867 satisfied customers

Fully licensed attorney in Texas in private practice.

RobertJDFL

RobertJDFL

Attorney

1,785 satisfied customers

Experienced in multiple areas of the law.

P. Simmons

P. Simmons

Attorney

1,592 satisfied customers

12+ yrs. of experience including estate law.

ScottyMacEsq

ScottyMacEsq

Attorney

1,484 satisfied customers

Licensed Texas General Practice Attorney

< Previous | Next >

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).

Show MoreShow Less

Ask Your Question

x