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Henry Daniel Lively

Henry Lively’s Legal Guides

321 total


  • How does my estate provide for my disabled child?

    What is a Special Needs Trust? A Special Needs Trust is a trust that is created to provide for beneficiaries that are disabled or mentally ill so that they can use property that is held for their ben

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  • Deferring Payment of Estate Taxes with Section 6166 Election

    Section 6166 Election In general, the federal estate tax is due within 9 months of the date of death. However, if the estate is illiquid the executor of the estate may have a difficult time raising

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  • How to treat a short sale for tax purposes

    What is a short sale A short sale occurs when you sale your real estate and the proceeds that you receive from the sale are not adequate to pay off the then existing financing. The amount of loan th

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  • How to Qualify Children as Dependents

    What are the criteria for claiming a child as a dependent under Qualifying Children Rules? There are four criteria that must be met for you to you to have a Qualifying Child that you can claim as a d

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  • How do I take Advantage of the Extended Home Buyer Credit?

    Home Buyer Credit The new home buyer credit was set to expire at the end of November. Unless deals were already made, it would be unlikely that a new home buyer could take advantage of this credit.

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  • How should a Married Couple hold title to Real Estate In California

    What are the options for holding title to real estate in California for Married Couples As a married couple in California, there are numerous ways that you can hold title to your real estate, which i

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  • How to Avoid an IRS Audit

    The World That We Now Live In We are currently in a very aggressive audit environment and taxpayers should take steps to minimize their risk of being audit, and have their books and records in order

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  • How to Save Taxes Before this Year is Over

    Charitable Contributions Make charitable contributions before the end of the year to reap the tax savings in 2009. Payment by credit card counts when the charge is made. Take Advantage of the First

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  • How do I correct a Service Prepared Tax Return?

    What is a Service Prepared Return If you receive information returns in a given year indicating that you have received taxable income in that year, but you do not prepare a tax return to recognize th

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  • How Can I Protect My Assets from Others?

    What is Asset Protection? Simply put, asset protection is structuring your affairs such that it is difficult or nearly impossible for creditors to reach your assets. The goal in asset protection pla

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