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28 Oct 2009, 4:00 pm
The spouse’s portion of the rest of the estate is one-half, if the deceased left only one child or one-third if the deceased left more than one child. [read post]
21 Nov 2010, 10:39 pm
Just when I thought a full month would go by without any news about Michael Jackson's estate, low and behold two men have stepped forward claiming to be the biological fathers of two of Michael's children, Paris Katherine Michael Jackson and Prince Michael "Blanket" Jackson II. [read post]
13 Dec 2019, 8:30 am
The Texas Estates Code provides that a court “shall appoint” the guardian designated by the parent unless the court finds that the designated guardian is disqualified, is dead, refuses to serve, or would not serve the best interests of the minor child. [read post]
12 May 2010, 8:00 pm
Back support obligations come off the top of the “bankruptcy estate” (what the bankrupt spouse has left). [read post]
7 Apr 2017, 10:00 am
One child has not yet reached college age. [read post]
15 Jul 2010, 6:47 am
Courts have held in most cases that when a parent adds his child’s name to the parent’s property or bank accounts for estate planning purposes the asset’s equitable ownership remains with the parent and the child hold bare legal title. [read post]
15 Oct 2015, 2:00 am
An estate plan will allow you to choose who you want to become the child’s guardian, as well as allow you to leave your children inheritances that will be protected until they are old enough to manage the property on their own. [read post]
9 Aug 2007, 5:00 am
If the parent obligated to pay child support dies before his/her child support obligation terminates, the remaining obligation becomes accelerated and the unpaid child support becomes a claim against the estate. [read post]
12 May 2010, 10:22 am
I think a bankruptcy trustee would have a good argument to include debtor’s UTMA account in the non-exempt bankruptcy estate. [read post]
26 Jun 2014, 1:48 pm
As she points out in her article titled, Estate Planning For Your Eighteen Year Old: What You Need To Do Now May Surprise You, Lauren Keenan Rote points out that becoming an adult comes with certain privacy rights and independence under the law. [read post]
8 Jan 2014, 4:41 am
So, even if no Federal Estate Tax due, the estate must still file a Federal Estate Tax Return, plus NJ Estate Tax Return.So, for an unmarried or widowed person with assets of $1,000,000, there is No Federal Estate Taxes, but the Estimated State Estate Tax: $33,200.00 For an unmarried or widowed person with assets of $1,500,000, estimated NJ Estate Tax is over $60,000. [read post]
31 Jan 2013, 7:27 pm
So, even if no Federal Estate Tax due, the estate must still file a Federal Estate Tax Return, plus NJ Estate Tax Return.So, for an unmarried or widowed person with assets of $1,000,000, there is No Federal Estate Taxes, but the Estimated State Estate Tax: $33,200.00 For an unmarried or widowed person with assets of $1,500,000, estimated NJ Estate Tax is over $60,000. [read post]
31 Jan 2013, 7:22 pm
So, even if no Federal Estate Tax due, the estate must still file a Federal Estate Tax Return, plus NJ Estate Tax Return.So, for an unmarried or widowed person with assets of $1,000,000, there is No Federal Estate Taxes, but the Estimated State Estate Tax: $33,200.00 For an unmarried or widowed person with assets of $1,500,000, estimated NJ Estate Tax is over $60,000. [read post]
30 Jun 2013, 10:57 pm
The crawl space was in a house that the girl’s mother was viewing along with a real estate agent. [read post]
2 Feb 2017, 4:00 am
Trusts are popular because they can accomplish so many estate planning goals, such as: Protecting assets when you need to qualify for Medicaid benefits Protecting assets for a child with special needs Avoiding probate Reducing your estate’s exposure to taxes Providing for a spouse while preserving assets for children from a previous marriage Providing for a non-citizen spouse Disbursing assets to beneficiaries slowly over time instead of in a lump sum… [read post]
5 Nov 2007, 10:00 pm
There are other situations where provincial legislation is incorporated by reference; for example, child support claims against such estates. [read post]
6 Jun 2017, 12:00 am
She further explained that her desire was the child could use these accounts while Mom was alive and then at death the assets would go into her estate and be evenly divided among her 4 children.Unfortunately, that is not how joint bank accounts work. [read post]
6 Jun 2017, 12:00 am
She further explained that her desire was the child could use these accounts while Mom was alive and then at death the assets would go into her estate and be evenly divided among her 4 children.Unfortunately, that is not how joint bank accounts work. [read post]
9 Oct 2014, 8:30 am
Marriage, birth of child, divorce, re-marriage, child adoption, a new job—all of these life events and many more should motivate you to consider the thoroughness and current condition of your will preparation and beneficiary designations. [read post]
9 Nov 2007, 4:51 pm
So here is my client; her natural father died without a will and her half-sister claims the entire estate, alleging that my client did not satisfy the special circumstances required under California law for an adopted away child to inherit from a natural parent (California Probate Code §6451). [read post]
