Can a Trustee of an Irrevocable Trust get a line of credit or equity home equity loan on a fully paid for property?
Nicholas's answer
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Answered on September 19, 2018
it depends on the authority granted to the Trustee in the trust document. if you are so authorized, you have a fiduciary duty to use the credit...
Archived
Can I receive promised compensation for my work for a bar in Manhattan?
Nicholas's answer
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Answered on September 18, 2018
sounds like you clearly have an implied contract, even if nothing was reduced to writing, and if you have other evidence of your agreement, such as...
How can we get power of attorney for the selling of a house in Ecuador, my parents own the house.
Nicholas's answer
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Answered on September 18, 2018
the only thing i would add to my colleague's reply above is that you should contact the Ecuadorian embassy in the United States and tell them about...
Archived
Hello if I owe back Personal taxes and if I form a llc , can the city or the state take that money thx
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Nicholas's answer
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Answered on September 18, 2018
I agree with my colleague above - if the settlement is legally yours, you cannot assign that income (and any resulting tax liability) to another...
Archived
Shouldn't my name be included on both settlement checks?
Nicholas's answer
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Answered on August 07, 2018
if the settlement also provides a specific amount for attorney's fees, then the portion for attorney's fees should be made out to your former...
Archived
Can I transfer my interest in my mother's house, held in irrevocable trust, to my sister with a quit claim deed?
Nicholas's answer
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Answered on August 03, 2018
my 1st question to you is who are the trustees and what powers have been bestowed upon the trustees in the trust document ? what provisions does...
Archived
Can i sue the irs for negligence due to the fact that they input in there system a exaggerated amount of income for 2015 taxes?
Nicholas's answer
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Answered on August 01, 2018
that's not the IRS' fault ... they only go off of what was teported to them by the party who paid you. i would call up the IRS first and get a...
Archived
Does a licensed broker-dealer need a license to sell commercial real estate?
Nicholas's answer
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Answered on July 30, 2018
i would think the answer depends on whether u r brokering stock or asset deals; i would check with the local regulating agencies for where the real...
Archived
What design protection rights do I have as an independent contractor creating custom built products?
Nicholas's answer
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Answered on July 26, 2018
if you haven't patented any of the intellectual property rights to your design, then it is entirely a matter of contract law, and you need to...
Archived
In New York city if more than one owner how does capital gains tax work?
Nicholas's answer
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Answered on July 17, 2018
great question. there are 2 separate and distinct interests in the real estate - the life estate and the remainder interest to the 4...
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