Archived
If I run an incorporated consulting business and the business buys an apartment what are tax implications of living there?
Richard's answer
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Answered on April 28, 2014
The issue is that you will be respected as a business for legal and tax purposes so long as you behave like a business. The facts as you describe...
Archived
I need to take money out of my daughters trust fund for my daughters sweet 16 , what do i have to do
Richard's answer
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Answered on April 28, 2014
The question is what the trust says. Generally, if you use the assets for the beneficiary's health, education, maintenance and support, the...
Archived
Convert shares outside of Surrogate's
Richard's answer
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Answered on April 28, 2014
What does the will say, if there is one? Are the "designees" entitled to receive the shares? Hire a trust and estates lawyer immediately.
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Archived
Does "Attorney Trust Account" Apply When Lawyer acts as Trustee?
Richard's answer
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Answered on April 28, 2014
No. An attorney can serve as a trustee to a trust and the funds will be held in the bank account for the trust. The "Attorney Trust Account"...
Archived
Do you go into probate on a co-op whose name has been swithch to someone else on the will who is living there also?
Richard's answer
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Answered on April 28, 2014
See if the co-op would allow you to title the shares of the co-op as joint with rights of survivorship for you and your mother. This titling would...
Archived
If my grandmother's property didn't go into probate, would it be in a trust if she died without a will?
Richard's answer
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Answered on April 23, 2014
It is very possible that your grandmother's property was transferred via gift to trust or otherwise many years ago. You should go see an estate...
Formal Demand to Audit the Books as a Shareholder?
Richard's answer
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Answered on April 23, 2014
I agree with the prior answer. You have a right to inspect the books and records of the corporation as a shareholder. Since you have been...
Archived
Medicaid
Richard's answer
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Answered on April 22, 2014
You should go see an elder law attorney right away who can effectuate planning and re-title you mother's existing assets to bring her below the...
If one of the settlors or grantors of a joint revocable living trust dies, does the trust becomes irrevocable?
Richard's answer
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Answered on April 21, 2014
It depends on what the document says. Review the document with an estate planning attorney.
Archived
My mother needs assistance removing my brother in buffalo ny
Richard's answer
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Answered on April 18, 2014
Get him evicted. If he is truly a problem, get an Order of Protection in Family Court.
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