Can individuals in a family combine their property assets into a corporation?
You may be on to something here. What you really should be considering is a family limited partnership or LLC. There are many tax advantages in...
Philadelphia, PA
Probate Lawyer at Philadelphia, PA
Practice Areas: Probate, Estate Planning, Tax
You may be on to something here. What you really should be considering is a family limited partnership or LLC. There are many tax advantages in...
It is simply cleaner and easier to start fresh with a new corporation that is registered with the state as a tax exempt entity. Once formed at the...
What you are contemplating is an installment sale and once entered into that would control the real estate. If you stayed current on your...
These facts are not clear. You need to review a copy of his will to see who gets what. The will must be probated and followed. I am not sure how...
If he died with a will, then the terms of the will would control. If he failed to provide for you under the will, then you and the other...
Inheritances are not taxable in PA or at the federal level. The only exception is where you receive something called "income in respect of a...
You can do this but you may suffer an increase in income taxes as a result of such transfer. Before you do anything you need to discuss this...
Most states require the original will, with a signature, witnesses and notary. You need to find the original in her possessions. Since she did...
This may boil down to intent. If dad wanted this to be your's exclusively then this transfer is OK if you can prove this. If dad did this for...
I agree with the prior two attorneys. The point here is that when someone dies no one can transfer their assets except for the executor of a will...