Question: My husband passed away. I owned stocks in only my name. Are the stocks part of his estate? Response: No. What’s yours is yours and what was his is in his estate. In terms of [...]
Question: My sister separated from her husband back in 2001 and never saw him again. They are technically still married. Now, even if she has her daughter as the sole beneficiary under her will, [...]
Question: I inherited lake shore property (vacant land–no house) that I am now selling. How do I figure the capital gains on the sale? Response: The capital gain will be the difference [...]
Question: A friend of mine passed away and had it in her will for her longtime friend who lives in Germany would be her executor and inherit her mobile home and belongings. But now someone from [...]
Question: I just read a story about Mary Jane’s estate which was divided among four siblings. Our family also has four siblings. The difference is that our father is still living but has to move [...]
Question: I am the executor of an estate where I would like to liquidate some common stock in order to pay the New Jersey inheritance tax and distribute some cash legacies as specified in the [...]
Question: I am the trustee for mother’s revocable trust containing close to $500,000 in mutual funds, cash and some stocks. There are six equal beneficiaries. Should we liquidate the funds and [...]
Question: Who is responsible for keeping the bank records of the deceased, the executrix or professional fiduciary? Response: The executrix (also known as the “personal [...]
Question: A decedent has savings bonds unredeemed (final maturity 2030) that have just the decedent’s name only on the bond with no named beneficiary. The total redemption value of the [...]
Question: I live in Tennessee where my mother-in-law recently passed away. She had six children. In her will, she left one son her home in a life estate. She did not file a deed. Under the terms [...]