Questions answered by John P Corrigan

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I made out a living trust years ago. I want to revoke my cousin as the trustee and appoint someone else.

John's answer | Answered on February 07, 2014

If cousin never signed the trust agreement from inception then you did nit have a live trust. Accordingly, start fresh with a new document and have...

Archived

Do I have legal power to refuse 401K contributions by my employer, a corporation.

John's answer | Answered on February 07, 2014

There is no leverage here on a 401k plan. The document is very clear on loans and what works and it is also covere by IRS regulations...".there is...

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Need advice, rental property underwater 65,000 HELOC , 30,000 back property taxes, city in process of foreclosure for taxes.

John's answer | Answered on February 07, 2014

If you cannot afford to pay then no good solution here tomlet you preserve a good creditnrating. You are facing foreclosure so suggest younseek the...

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I have received a citation from the City of Chicago, claiming that I have allowed weeds to grow on a vacant lot on the west side

John's answer | Answered on February 07, 2014

If you do not legally own it (query who is on the deed?) then not your responsibility unless you R predecessors signed a contract agreeing to...

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Is anything that can be done when mortgage company pays taxes late and late charges cause increase mortgage payment

John's answer | Answered on February 07, 2014

Negligence on the part of the new mortgage holder who is required to pay real estate taxes is not your problem. Write them a letter disclaiming...

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Can I get out of my minority shares and start another company

John's answer | Answered on February 07, 2014

If there is no shareholder agreement that restricts your activities (aka noncompete covenant) then you are free to walk away.....subjectnto a...

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NJ wants a refund of unemployment benefits because I worked for my son in his LLC.

John's answer | Answered on February 07, 2014

If you earned compensation then they are not looking at the transfer of funds from child like a gift which is how they would view a transfern from...

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Can a guaranteed payment for the llc member be based on a percentage of profits looking for CA default rule for an llc

John's answer | Answered on February 07, 2014

I concur with my colleagues. See my comment to attorney Doland answer.

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What is the statute of limitations in California for a fraudulent transfer of money to partners of an S Corp?

John's answer | Answered on February 07, 2014

You have not given proper context of what you are thinking the term clawback means. If you are dealing with a settlement agreement then that is a...

Archived

How do I become a investor in an S corporation?

John's answer | Answered on February 07, 2014

You should seek is a stock purchase agreement acknowledging the purchase of a specific amount of shares in the corporation. There shoukd also be a...

John P Corrigan's Answers (3456)

I made out a living trust years ago. I want to revoke my cousin as the trustee and appoint someone else.

Do I have legal power to refuse 401K contributions by my employer, a corporation.

Need advice, rental property underwater 65,000 HELOC , 30,000 back property taxes, city in process of foreclosure for taxes.

I have received a citation from the City of Chicago, claiming that I have allowed weeds to grow on a vacant lot on the west side

Is anything that can be done when mortgage company pays taxes late and late charges cause increase mortgage payment

Can I get out of my minority shares and start another company

NJ wants a refund of unemployment benefits because I worked for my son in his LLC.

Can a guaranteed payment for the llc member be based on a percentage of profits looking for CA default rule for an llc

What is the statute of limitations in California for a fraudulent transfer of money to partners of an S Corp?

How do I become a investor in an S corporation?