Legal Question in Real Estate Law in Nevada

Re: IRS Taxes

You may have a problem as a trustee, deeding property intended for all children to one child, should the omitted children, their successors or creditors learn what has happened. It could also result in a colossal title insureance nightmare at such time as the property passes to a new owner.

Gifts and bequests are not taxable to the recipient. However, a gift or estate tax return may be required, depending upon the total value of assets passing during your late husband's lifetime and at his death.

Creditors need to be notified immediately following your late husband's death in order to bar unfiled claims. You probably need a lawyer.

There may be other laws affecting your ability to resolve a decedent's estate and taxation problem, which is necessarily beyond the scope of this reply.

I charge $200.00 per hour for consultation, document review, case analysis,

advice, suggesting and recommending alternatives, legal drafting,

telephone calls, legal research and advising on estate matters when I am hired by a client.

The Nevada State Bar provides this general information online

regarding lawyer fees:

http://www.nvbar.org/public/lawyerfees.html

If I do not hear back from you by Friday, August 26, 2000, I will assume that

you have answered your questions to your own satisfaction, hired another

lawyer, or decided against pursuing the matter.

--

Paul J. Malikowski, Esq. Malikowski Law Offices, Ltd.

333 Flint Street Reno, Nevada 89501

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