Archived
My mother in laws husband passed. bith there names were on the mortgage. Can she simple have the house put in her name?
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Answered on August 30, 2010
When someone dies with assets in their sole name, no one can transfer such assets except an executor of a will or an administrator of an estate...
Archived
What tax structure do I choose for LLC with 3 members?
Steven's answer
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Answered on August 30, 2010
Generally, an LLC acts like a corporation for legal protection reasons at the state level and for taxation purposes it is taxed as a partnership. ...
Archived
My husband died yesterday. He was 64 1/2 years old. I am a housewife. What do I need to know to do in the next few days?
Steven's answer
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Answered on August 30, 2010
Since the assets are in his name you are going to have to locate his will and then the will must be probated so that someone can act for his...
Archived
How do i vet a business that i want to buy
Steven's answer
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Answered on August 29, 2010
One could write a book on this topic. But you are going to need an attorney and a good CPA to explore the possibilities. You need to examine the...
Archived
Does placing a property in trust constitute a change of ownership?
Steven's answer
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Answered on August 29, 2010
For legal and title purpose the answer is yes. But from a tax perspective if the terms of the trust make this a so-called "grantor " trust you may...
Archived
A trust that has been forged verified document examiner my grandmother is still alive and my dad has been appointed guardian
Steven's answer
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Answered on August 29, 2010
You need to immediately meet with an estates attorney who can represent your interests and review this situation face to face. The only way you...
How can i withdraw money from a retirement annuity if i dont meet the guidelines set by the annuity holder?
Steven's answer
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Answered on August 29, 2010
This is a bad result for you since these matters come down to a strict reading of the contract terms. If you do not meet the tests for...
Does my living trust have to be recorded?
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Answered on August 29, 2010
No, since trusts are used to keep these matters private. Think Michael Jackson trust. It is official if the maker of the trust signed it and it...
Archived
I dont know what kind of attorney i would request, family maybe.
Steven's answer
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Answered on August 29, 2010
The short answer is that you can do very little unless you can show he is disabled or incompetent. If you could prove that and evidence counts...
Archived
What is the best way to have your accounts so that at the time of death, your children won't have issues dividing your assets
Steven's answer
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Answered on August 29, 2010
You touch on some of the problems with putting the accounts in the name of one child. BAD IDEA. First, that child could claim it is sole...
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