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Gregory Christopher Poulos
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Claimed Lawyer ProfileQ&AResponsive Law
Biography
Greg counsels clients on the best strategies for accomplishing their estate planning and business goals. Greg starts by “Putting His Clients at Legal Ease” so that they understand the legal issues and risks they face. He does this so his client understand their circumstances and can make better informed choices to protect their assets and their loved ones. With 30+ years experience, Greg has counseled hundreds of clients, guiding them through their legal and business issues.
Practice Areas
- Estate Planning
- Guardianship & Conservatorship Estate Administration, Health Care Directives, Trusts, Wills
- Probate
- Probate Administration, Probate Litigation, Will Contests
- Business Law
- Business Contracts, Business Dissolution, Business Finance, Business Formation, Business Litigation, Franchising, Mergers & Acquisitions, Partnership & Shareholder Disputes
- Elder Law
Fees
- Free Consultation
- Credit Cards Accepted
Jurisdictions Admitted to Practice
- Arizona
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- New York
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Languages
- English: Spoken, Written
Education
- Brooklyn Law School
- J.D. | Law
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- New York University
- B.A. | Economics; Philosophy
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- New York University
- MBA | Accounting
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Professional Associations
- New York State Bar # 1909290
- Member
- - Current
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Legal Answers
27 Questions Answered
- Q. Do I owe taxes on inheritance received years later, and does it affect my taxable income?
- A: You should be asking several questions here. First, what was the value of the account when your father died and what if any, income did it receive and as a result has the value of the account grown? Generally, there is no income tax on such a small inheritance, but you need to be provided with that information.
The bigger question is why has this been pending for 20+ years?!? How do you even know that this amount is correct or what the will said you are entitled to. You should have been complaining about this lawyer and your mother's lack of communication long ago. It is up to you whether to make more of this or not, but this length of time with no information is absurd. You should have ... Read More
- Q. Parent passed away. Trust states to divide assets amongst children. There are debts.
- A: Whether the estate is trust based or will based, the estate is responsible for payments of any debts against the estate. If creditors are known they must be paid unless there is some basis to question them. Additional notice to creditors needs to be published to notify other creditors.
Distributions cannot take place until the estate is settled.
- Q. I had to let a few of my credit cards go, would it be best to form an LLC to protect my assets?
- A: It would provide no benefit at all. In fact, trying to move your assets when in this type of situation is likely to be considered a fraudulent conveyance. In Arizona, those laws can apply both civil and criminal penalties. There are also fraudulent conveyance statutes under the bankruptcy laws.
You may wish to consult a bankruptcy attorney if you are in financial difficulties.
I hope things work out for you.
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