As the ownership of the properties stands now, you have unlimited personal liability for any debts and judgments related to your rental properties....

Confused about issuing 1099s for unincorporated businesses . . .

You need to get the LLC's EIN (if they have one), or if not, the social security number of the member (as LLCs are generally "pass-through" or...

How to verify if a person owns a business over the internet?

You are wise to consider this before moving ahead and conducting business with another business. I agree with my colleagues here that you really...

You need to look to the agreement you signed when you got the credit card. If you signed for it personally (versus as the member of an LLC or...

Should I sign a document that will put my share of my grandparents' home in an irrevocable trust rather than get outright?

It is ALWAYS a bad idea to give something up, perform services, or pay something in return for the other party to make you a beneficiary of their...

There are already good answers posted to your question. I simply want to add that, as a Connecticut probate judge for 15 years, I've seen more...

What is the statute of limitations to petition a probate case to move and reopen in a federal court?

Probate is a state law issue, so an appeal would need to be made to the appropriate state court if the appeal is a probate matter. You stated the...

As you can see from the consistent answers to your question, you have no liability for these debts unless you executed a legal document that makes...

I am the administrator of my mothers estate , can one of the children buy the house from the estate

If all the heirs are in agreement, yes. The terms of the sale could be very flexible if the heirs all agree (terms, price, financing if any). ...

Can land be deeded out of a community property trust if all beneficiaries sign for it to be so and dissolve the trust?

One place to find the answer to your question is the trust instrument. Terms of the trust will dictate under what circumstances the trust may be...