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Estate taxes are usually done with a tax attorney. So, yes, estate taxes can be overseen by an attorney who deals with taxes. Calling a tax attorney will better give you an understanding of how the process works.
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∙ 12y ago
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Who is responsible for taxes owed for a past year when person died in current year and there is no spouse or heirs or no estate?
The estate is responsible for the taxes. If there is no estate, start one! Contact a probate attorney in the area where you live.
How do you make trustees of your stepmothers estate distribute1000000 dollars?
Contact the attorney who is handling the estate or your own attorney if that's not possible.Contact the attorney who is handling the estate or your own attorney if that's not possible.Contact the attorney who is handling the estate or your own attorney if that's not possible.Contact the attorney who is handling the estate or your own attorney if that's not possible.
Is the executor of an estate finished once the estate is closed?
Once the taxes are paid and the estate closed they are done. Most of the time the court will issue the order closing the estate.
Does nc impose estate taxes?
North Carolina does have an estate tax. They do not have an inheritance tax. It would be a good idea to consult a probate attorney in North Carolina. They will know how to reduce the tax liabilities of the estate.
Do executor fees reduce estate tax?
They are a cost to the estate and typically are a deduction from taxes or the total amount. Yes, they will reduce the estate tax. Consulting a CPA or tax attorney would be a good idea!
Can an attorney be both the attorney for the estate and an individual beneficiary of the estate?
Yes.
Are co-ops considered real property for estate taxes in Ohio?
Your local probate attorney can answer your question, given the county where you live.
Does the executor of an estate pay attorney fees out of their compensation?
They do not pay the estate attorney's fees, the estate does. If they hire their own attorney, yes, they have to pay them.
If you are admimister of an estate do you have to pay taxes on money that is left to you?
No. The estate is responsible for any estate taxes. However, if your bequest involves a substantial amount of money you should seek professional advice. The attorney who is handling the estate should be able to advise you. If you get paid a fee for your services as the Administrator, that fee is treated as income and should be claimed on your tax return.
What would the estate taxes be on a 250000 estate?
In the United States there probably would be no federal tax. The limit in the US is well above a million dollars. Most states do not tax anything under that amount either. Consult a tax attorney or probate attorney in your state.
How do you divide buy and deed a portion of property?
You hire an attorney who specializes in real estate law.You hire an attorney who specializes in real estate law.You hire an attorney who specializes in real estate law.You hire an attorney who specializes in real estate law.
what happens to seller held mortgage when mortgagor dies?
If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.If it ws done properly, the mortgage is a lien against the real estate. If the mortgage is not paid by the estate then the holder of the mortgage can foreclose and take possession of the property. You should consult with an attorney who can review the situation and explain your options.
