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My brother passed away last month and my parents are the
My brother passed away last month and my parents are the legal heirs to his estate. I understand that a person can give $14,000 to another person each year without incurring a tax. However, what are t… read more
Lane
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My brother died recently without a will. Our mother is his
My brother died recently without a will. Our mother is his legal next-of-kin so his estate will go to her. She would like to share it with her children and grandchildren. I understand that she will no… read more
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My ex-husband died and our 2 children want to split their
my ex-husband died and our 2 children want to split their inherited life insurance, pension , 401k and house with me. Is there a safest way to do any of these?… read more
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I might be receiving a large amount of money soon from a
I might be receiving a large amount of money soon from a relative who passed away. Am I able to share the amount with my sister without being taxed? The amount will possibly be over 2 million.… read more
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Up to what amount can you receive as inheritance in dollars
Up to what amount can you receive as inheritance in dollars from a relative that is still living that lives in another country? For example the father lives in france they want to give their son in th… read more
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Lane
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Doctoral Degree
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How can I pay off my sons mortgage ($40,000) & avoid the gift
How can I pay off my sons mortgage ($40,000) & avoid the gift tax snag. I'm 82 and his help is invaluable to me ( I do not live with him). Thank you for any info. or advice you can give me.… read more
Robin D.
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My mother is 85 and received an inheritance of 111,000 in Michigan.
My mother is 85 and received an inheritance of 111,000 in Michigan. Am I understanding correctly that she can gift 14,000 to each of her 3 children and 14,000 to each of their spouses without a tax bu… read more
Tax.appeal.168
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should I pay off the student loans I have for my kids before
should I pay off the student loans I have for my kids before the year ends to lessen the funds I have in my business checking in order to lower my taxes in 2015 and what amount can I give to my childr… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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Hello. I have an intestate gift question. My mother-in-law,
Hello. I have an intestate gift question. My mother-in-law, a resident of Guam, died intestate several years ago. Her real property in Guam is being probated now (we paid the taxes over the years) and… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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My fiance passed away in February. He left me his car that
My fiance passed away in February. He left me his car that was valued at $10,500 at CarMax. He also left me a percent of the sale of his home he purchased around a year ago. Does the car count as part… read more
Anne
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My mom is 90 she just sold a classic car to give each of her
My mom is 90 she just sold a classic car to give each of her 4 children a share of This share is more than 1400. She is prepared to pay the capital gains on her 2014 taxes. In 2015. Will we owe any gi… read more
Richard
Richard
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Good Evening! Wondering if you can help me! My grandparents
Good Evening! Wondering if you can help me! My grandparents passed away fairly recently...we lost my grandfather two years ago and my grandmother a few months ago. Many years ago, there was a will pre… read more
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I would like to give my children a sum of money.how much can
I would like to give my children a sum of money.how much can I give them? What forms do i need? they are all adults… read more
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My wife and I wish to giv a property to our children worth
My wife and I wish to giv a property to our children worth about $400k. There would be no federal tax but what is the NJ estate and or inheritance or gift tax if any?… read more
Lev
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I am 85 years old and have five children who compose my estate.
I am 85 years old and have five children who compose my estate. How will they be taxed---individually or on the entire estate?… read more
Merlo
Merlo
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My parents want to start moving money from their estate to
My parents want to start moving money from their estate to their three adult children. so far they have each given us the allotted amount, 12,000 so all three children got 24,000 Now they are moving a… read more
Robin D.
Robin D.
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My father passed away in June 2009. He gave 3.5 million
My father passed away in June 2009. He gave 3.5 million (max) to us 4 children and more to his wife of 22 years (not our natural mother). There is another 1 million that is to be distributed by his wi… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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My father and mother own 240 acres of iowa farm land valued
My father and mother own 240 acres of iowa farm land valued at $4000 and acre, also own 3 homes . they are renting out all peoperties at this point. What will be the best way for them to dal with taxe… read more
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