My father is one out of three beneficiaries of a trust. He wants to transfer his portion to myself.

I agree with my colleague and simply add that one wrinkle is whether or not the referenced trust is irrevocable or revocable. If it is revocable...

Do I need a ITIN to open a bank account ?

The LLC will itself obtain an EIN and you, as the member, will have to supply your SS# or ITIN to the bank in order to open an account for the LLC.

HELLO I WANT TO START A WHOLESALE BUSINESS WITH NO EMPLOYEES, WHAT IS THE BEST ENTITY?

I agree with my colleagues and add a few extra thoughts (kind of pick your poison): 1. NYC des not recognize S-Corp pass-through status therefore...

I have a corporation INC registered in NJ at my home address and I'm moving

You do not provide any facts about the nature of the business and whether it is a dormant entity or a thriving active operation. Accordingly, my...

I concur with my colleagues, the nature of such expenditure is warranted to protect trust assets which is a fiduciary duty of a trustee. In...

Is it improper to request that an attorney correspond with me via email verses telephone?

One potential downside is that it may take longer for an attorney to write information in an email where a telcon can be more efficient at times....

I would consider setting up an LLC to own each rental property and then perhaps create a Living Trust to hold the two LLC's. I would also...

Can the executor of an estate sell the house if my mother has a life estate interest in it?

Since the will contains the very provision that you want to survive and be honored (the Life Estate) then hasten to grant the waiver and consent...

Father in poor health wants to transfer income property to me. When and how is the best way to do this? Do we need a trust?

what you are trying to do is avoid future nursing home and medical treatment and have such burden placed on the state Medicaid program. There are...

Probably not based on the facts you represented, however, see the enclosed article which provides an excellent analysis of some of the nuances to...