Archived
I'm a single adult and I do not want my parents to have next of kin rights to my estate. Can I remove them via last will?
Michael's answer
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Answered on September 23, 2019
I agree with previous attorneys as to disinheriting your parents, and also making sure that they are not your executors. You can even state in...
Archived
Is a business sale taxed as Capital Gains or Ordinary Income?
Michael's answer
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Answered on September 18, 2019
much more information is necessary before you can get a full answer, including but not limited to whether this is an asset sale or a stock sale, if...
What instruments are required to show ownership of real estate in Pennsylvania when one of the occupants will not be on the loan
Michael's answer
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Answered on September 18, 2019
This can get complicated and your niece and boyfriend should consult with an attorney BEFORE they go to Closing. A Deed is evidence of ownership...
Archived
Can we sell our parent's home that includes a life estate?
Michael's answer
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Answered on September 16, 2019
I agree with Robert. "It depends" on the language of the life estate, but maybe more important, on whether mom is competent and would agree to...
I want to rent out a piece of heavy machinery that I own. Do I need insurance? Set up as llc? Business license?
Michael's answer
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Answered on September 11, 2019
in addition to the LLC you will need an Equipment Lease agreement that makes it clear that the renter of the equipment must also be insured, that...
Hello, I own an llc at 10%, Are there specific set of rules pertaining to bringing on an equity partnership
Michael's answer
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Answered on September 10, 2019
Your Operating Agreement should have the answer. However if it is short form "boilerplate" agreement you will have to go the state statute to see...
Archived
Deed never transfered to grandfathers name in 1927?
Michael's answer
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Answered on August 13, 2019
Since your grandfather has passed away I moved this to the Probate or Estate Administration area. If the Deed is in grandfather's name alone, and...
Archived
Can I leave my house to my daughter if somethings happens to me if I die, can it be included in a will leaving it to her?
Michael's answer
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Answered on August 06, 2019
if you are only looking to transfer the house after you die then a Will may be the best way to do so. However you should meet with an experienced...
Archived
Is a POA written in one state good in another
Michael's answer
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Answered on July 25, 2019
I agree with Steven. Do not put off planning now just because you might move in the future.
Include house in living revocable trust?
Michael's answer
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Answered on July 22, 2019
in general I agree with Steven , but another factor currently is that the PA Department of Revenue is being very aggressive currently in trying to...
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