Estate Planning Lawyers in the USA
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- Tax Implications of Wills with non-U.S. Beneficiaries
The implications of an heir that inherits through a United States estate may cause problems when the person lives in another country, and these could complicate the inheritance with taxation and other regulations. It is important to contact a lawyer that has experience with the country where the heir lives to account for any foreign tax issues that may exist.
- Partition of an Inherited Home after Probate
Once the property from an estate transfers to the heir, it could then face partitioning from siblings or other possible dependents of the estate. The processes that happen after probate could complicate the property use and lead to disputes that end in the sale of an entire lot of land so that everyone involved has a share.
- Foreign Inheritance Blocked by U.S. Tax Laws
When inheriting a foreign estate, the individual needs to understand what laws pertain to the process so his or her inheritance does not face complications with the United States Internal Revenue Service agencies. It is recommended to contact a lawyer before attempting to import the foreign estate funds, assets or property.
- Passing a Timeshare to Heirs
Timeshares hold an interest in a property that is thoroughly divided among the numerous owners that then hold a partial real estate property contractual agreement. In certain cases, the individual that owns the interest in the building may pass on the timeshare to his or her heirs, but he or she may need to consider the state laws where he or she resides as well as the property.
- Can the Executor Sell the Decedent’s Home if Willed to Someone?
For many people, the most valuable asset they own is their home. For this reason, many people give careful consideration to whom they should leave this asset. They may determine to give this asset to a spouse, relative, family friend, charity or loved one. Often, these instructions are included in a will. However, in some cases, the executor may sell real property. Whether this act is permitted depends on a number of factors.
- What Is an Income Cap Trust?
Income caps affect the elderly and other individuals seeking Medicaid for long-term assistance, and when the older person needs an income cap trust, this could affect the situation with children or other guardians. Those seeking to help an elderly individual in need of long-term care may need to satisfy the state conditions to do so for him or her.
- Inherited HOA Property: What Are My Rights and Obligations?
Inheriting a property that has an attachment to a homeowners’ association could come with various problems and issues if the heir does not ensure that the HOA is taken care of after the house is his or hers legally. There are certain duties and fees that those with these properties must satisfy before everything settles.
- Who Inherits an Estate When There Is No Will?
If a person does not have a will, state law determines who stands to inherit his or her property. These laws are referred to laws as intestate succession. Every state has a series of laws in place to deal with this often common situation. Individuals who do not like the way that the state distributes their property can use the information as a cautionary tale and as an incentive to speak to an experienced estate planning lawyer to create a will.
- Estate Planning Strategies for Grandchildren’s Needs
Many individuals want to provide an inheritance to grandchildren. There may be a variety of situations in which grandchildren’s situations are considered in order to provide an effective estate plan. There are many strategies to provide for grandchildren, depending on the circumstances.
- Should I Make a Will and Trust Part of My Estate Plan?
Wills and trusts both serve important roles in estate plans. They serve different functions and may be recommended in different situations. Some individuals only have a will while others only have a trust. Others have both. Talking to an estate planning lawyer can help you determine whether to include these documents as part of your estate plan.