Archived
Is it lawful for an administrator to distribute funds from the estate to family before the estate balance is fully calculated?
John's answer
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Answered on August 22, 2014
Receiving an interim distribution is neither illegal or a violation of your rights as a beneficiary. The Administrator has discretion to do so and...
Archived
Changing from a profit to non profit company and then back to profit company
John's answer
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Answered on August 22, 2014
These are immigration type questions by and large so I added the appropriate tags to get some attention form Avvo lawyers who can perhaps provide...
Archived
Is this a hate crime?
John's answer
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Answered on August 22, 2014
Good questions but is not a business question where it showed up in Avvo. However, I added several new categories to perhaps get the right kind of...
Archived
Our mothers house sold for 78,000.00 but 45,000 was owed on the house. The executor took 4,000,
John's answer
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Answered on August 22, 2014
Here is the controlling statute. Seems to me that your first impression is correct as the "value" of the estate is different than the fair market...
Archived
Can I allocate Z asset from my X LLC to Y LLC so when future litigation happens to X LLC won't affect on Z asset?
John's answer
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Answered on August 22, 2014
I assume your are a single member LLLC (SMLLC) so you should also become familiar with charging orders (if a judgment is obtained by the creditor)...
Archived
Executor of my unmarried cousin's estate valued at less than $700,000 & wondering if I need to file Federal form 706 Estate Tax?
John's answer
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Answered on August 22, 2014
the one reason it is worth considering filing a &06 is to establish the fair market value of certain assets which gets a step-up at the time of...
Archived
What is the simplest way to dissolve a for-profit corporation that no longer serves a purpose?
John's answer
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Answered on August 22, 2014
Most if not all States have a Secretary of State website where they provide all kinds of forms to use for most basic acts taken. ND is no different...
Do we need to pay a fee to file a competing petition to administer an estate, if we have already filed an objection in probate?
John's answer
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Answered on August 22, 2014
See enclosed - specifically item 4 as to the process and fee you will have to pay on the competing petition....
Selected as the best answer
Bifurcation of LLC Interests to Lower Self-Employment Taxes for Members
John's answer
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Answered on August 20, 2014
Your change of class interest idea does not work-- only way would be to try form a LP instead of an LLC and allege one of the owners is a limited...
Archived
I have bought several properties with inherited money in Texas
Now my brothers that are NRA living in Argentina want to invest
John's answer
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Answered on August 19, 2014
The U.S. does not have a tax treaty with Argentina but there are ways to set up an offshore entity (NEWCO) in a country that may have a tax treaty...
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