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The Weekly Scenario from Steve Shane – 7.30.12
This content has been archived. It may no longer be relevantThis was a question I received this week from a professional advisor and thought it had wide applicability so here it goes… Question: My client is divorcing her spouse. If her divorce agreement does not state otherwise, what happens if she does not change her…
The Weekly Scenario from Steve Shane – 7.23.12
Question: Decedent passed away and no one has been able to locate the original Will nor a copy of the signed Will. Can an unsigned copy of the Will be accepted into probate? Answer: Believe it or not, in some states that have adopted something referred to as the Uniform Probate Code, it may now…
The Weekly Scenario from Steve Shane – 7.16.12
Question: Is it possible for adult children to be responsible for their parent’s debts? Answer: For the most part, children are generally immune from debts of their parents. However, interestingly enough, thirty states have “filial support” laws that could be used to go after patients’ adult children for unpaid long-term-care bills. Filial responsibility laws date…
The Weekly Scenario from Steve Shane – 4.29.12
Question: This week I received a call from a client who asked about IRS Form 8283, which is a form that is required to be submitted for non cash contributions to charity. My Q&A this week is less about the actual form itself and more about the importance of seeking professional advice in preparing your…