In a joint trust, how protected is the deceased when he passes?

Impossible to answer our questions without (i) reading the trust agreement, and (ii) seeing how assets you specify were in fact filed because you...

If an LLC with 3 business parnters, all signing personal guarantees for lease, are on the hook for remaining lease contract

I would create a cross-indemnity agreement now among the 3 members which spelled out the rights of each member if any one member got tagged for...

1. If you did that then it would blow up the s-corp election. A LLC (taxed as a partnership) is not an eligible shareholder of an s-corp. 2. ...

Who has the burden of proving a trustee's authority?

Sounds to me that if you are in the midst of litigation then your issue is one solved through typical discovery. Simply deliver the defendants a...

How much money can a person have in a checking account before the IRS taxes so heavy?

Are you asking an investment question (i.e. best asset allocation strategy for tax deferral) or are you asking how to not pay or minimize income...

Can I still be considered/claimed as a full time student on dad's taxes? For 2013.

Five tests must be met for a child to be a "qualifying child." The five tests are: 1. Relationship, 2. Age, 3. Residency, 4. Support, and 5....

There will be no state level gift tax as NY does not have a gift tax. On a Federal basis, although the amount of the gift is a reportable event...

We are a ministry that moved from GA to Ohio. We have a 501(c) which we obtained while living in GA.

Attorney Dolan is correct. See enclosed link to the form that you need to prepare and file with Ohio Secretary of State to qualify the nonprofit...

Probably -- depends on what the will said and whether the estate is paying your bequest on gross basis or after-tax. If the will does not...

In what capacity do i need to be for an LLC if i'm not an owner but i'm financing the project, and i need to apply for loans.

I would recommend you consider the following: 1. Form an LKLC with your wife so you are a member at some level of this business venture. 2. Form...