Probate court and cost basis?
Monday, May 31st, 2010N H asked: Mother recently passed away in Michigan, leaving a will and her house. An appraiser has looked at the house and that will be filed with probate court on the inventory. Does that amount then become the new cost basis? I had read somewhere that the cost basis could be [...]
What is probate?
Friday, March 26th, 2010loviedovie1965 asked: How does probate work? What exactly is the timeline - in Washington state?Tona James
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What is estate probate?
Tuesday, March 23rd, 2010The Guy asked: What does it mean to probate an estate? Did I say it right? How does it affect my inheritance?Elvis Knightly
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Back taxes due on estate going to probate. Who pays?
Thursday, March 18th, 2010In Massachusetts asked: Hi,
A relative passed away, leaving me their house. The estate has to go to probate first, this has not been started yet. We received a notice that there are 2 years of back taxes due, and that the town is going to take the house if the taxes aren’t paid. [...]
I.R.S - what warrants an estate to go into probate? what value is attached for such ?Time frame for filing?
Saturday, March 13th, 2010daisydo asked: Small Estate. Sister deceased , siblings are the beneficiaries. Older sibling appointed as excecutor , the value of estate is less than $ 130.000.00.. there are no outstanding debts due all have been paid …we assume once a person dies is there 8 months to files form 706 for tax purposes.. [...]
Trusts avoid probate. Isn’t the total value of an estate, including trusts, subject to fed & state death tax?
Wednesday, March 3rd, 2010churlish_imp asked: A specific reference to site would be helpful.
Even if part of an estate had a 50% death tax, over a few decades, wouldn’t such a sum, invested, and interest compounded, dwarf the immediate cost of taxes?Mohamed Vicic
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Probate and Personal Property Tax?
Friday, January 8th, 2010Ruby R asked: My father died in 2006, and I have a vehicle in my possession that is in his name, but I was making the payments on, part of the reason is b/c he had a large amount of debt and most certainly the vehicle would have been liquidated to cover the debt. Now [...]
I own an IBond in my name. Will it avoid probate on my death. If not how can I assign it to my spouse?
Wednesday, December 16th, 2009ninan asked: How do I assign it to my spouse and avoid probateMeghan Johansson
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Aunt’s approx. $45,000 home. Do they need to probate will?
Friday, December 4th, 2009littlejohn asked: My wife’s aunt died and left my wife, her brother and her cousin sole heirs, ( by will), to her home and any incidentals. The home and everything probably are valued at approx. $45-50 thousand.
All they want to do is satisfy the tax debt and and recover our [...]
Aunt’s approx. $45,000 home. Do they need to probate will?
Friday, November 20th, 2009littlejohn asked: My wife’s aunt died and left my wife, her brother and her cousin sole heirs, ( by will), to her home and any incidentals. The home and everything probably are valued at approx. $45-50 thousand.
All they want to do is satisfy the tax debt and and recover our [...]