How to Avoid Probate Using Trusts And Other Creative Means Probate is the field of law that determines how an estate must be divided. Each state has its own laws and statutes requirements to determine if and how an estate must be probated. The probate court will supervise the process when a deceased person (a decedent) […]
A taxpayer who dies with unfiled income tax returns and/or outstanding tax liabilities to the IRS or any State tax agency complicates the administration of the decedent’s estate or trust. That is because the estate or trust will now be accountable to creditors, including the IRS and State tax agencies given that the decedent’s rights, […]
A person who dies owing monies to his or her creditors complicates the administration of the decedent’s estate or trust. That is because the estate or trust will now be accountable to creditors given that the decedent’s rights, liabilities, assets and interests transfer to their estate when they pass away. Because the resolution of these […]
Did A California Decedent Fail To Title An Asset Into A Trust And You Are Looking To Avoid Probate? Consider utilizing a Heggstad Petition. In the realm of estate management and planning, a Heggstad petition plays a crucial role when a California decedent has neglected to formally transfer their property into their trust prior to […]
What is Probate? Probate is the field of law that determines how an estate must be divided. Each state has its own laws and statutes requirements to determine if and how an estate must be probated. The probate court will supervise the process when a deceased person (a decedent) leaves assets to distribute, such as bank […]
The Associated Press reported on April 30, 2024 that the Drug Enforcement Administration (“DEA”) will propose a rule to reschedule cannabis to Schedule III under the Controlled Substance Act. The proposed rule has since been reviewed by the Department Of Justice and on May 16, 2024 has been published in the Federal Register. Next the […]
How An Heir Or Beneficiary Can Contest A Will In Probate Court Probate is the field of law that determines how an estate must be divided. Each state has its own laws and statutes requirements to determine if and how an estate must be probated. The probate court will supervise the process when a deceased person […]
Mississippi taxpayers impacted by April 2024 severe storms, straight-line winds, tornadoes, and flooding qualify for tax relief On June 27, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by severe storms, straight-line winds, tornadoes and flooding that began on April 8, 2024 in Mississippi. These taxpayers now have until November 1, […]
Facing An Appearance In U.S. Tax Court For Your Trial? Here Are Some Tips To Consider. The U.S. Tax Court allows individual taxpayers to represent themselves without an attorney. But don’t think that because you did not hire an experienced tax trial attorney that the Tax Court judge will give you much leeway. Although you have […]
Kentucky And West Virginia taxpayers impacted by April 2024 severe storms and flooding qualify for tax relief On May 31, 2024 the Internal Revenue Service (IRS) announced (Kentucky) announced (West Virginia) tax relief for individuals and businesses affected by severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that began on April 2, 2024 in […]
Follow
Follow