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Have you made a loan to a child or grandchild? When making a loan, you have an expectation of getting paid back. When a family loan turns into a grant, you’re not going to get paid back. Here are 3…
1) Two Simple Questions That Taxpayers Will Need to Answer Carefully This Year Two simple questions were added to the income tax returns last year. These were: “Did you make any payments in 2011 that would require you to…
Recently a new client came to us. The Internal Revenue Service (“IRS”) was looking for $262,532 in back taxes. This was from the sale of their home two years ago. Form 1099-S Reporting Requirements Attorneys that handle real estate closings…
Please review 6 Easy Steps to Open an Estate in Connecticut. 1) Post a Probate Bond Unless the will specifically indicates a bond is not required, the executor will need to get a Probate Bond. The coverage and insurance…
1) Go to Probate Court and Get Your Appointment A decedent will list their executor (or executrix) in their will. If the decedent did not name one or did not have a will, the court will appoint someone to…
