Estate Planning

Question: What tax am I liable for if my mother passes away and her house is to be sold and split between her four daughters?  Loraine’s Answer: I’m going to assume that (A) your mother ...

If an automobile is owned by spouses as “joint tenants,” it will automatically pass to the surviving spouse when one spouse dies.

If a beneficiary in a Will dies, what happens to his or her inheritance depends on how the Will is written.

If a mortgage holder dies, the mortgage company will need to be notified of the person’s death and that estate proceedings are underway.