General release when some members leave the 'C' corporation

From a tax perspective, if you are the buyer then you should be aware that if you as an individual remaining shareholder purchase such shares, then...

I am 20% shareholder of S Corp and 50% profits. Am I entitled to review business checking account and all other bookkeeping?

Unrelated to your question you may have an unforeseen problem here. You state that you are a 20% shareholder, but take 50% of the profit. This...

Can I sell property that has been transferred in a Living Trust ?

If the property is in trust then you really need to look at the trust document carefully to see if the home can be sold and under what conditions,...

Can I contest a will by myself?

Yes you can contest the will. But be aware that these cases are hard to win and the evidence must be strong and compelling to prove undue...

If 2 family members are legally on the same bank account and one of the decides to gift some of the money to relatives?

Your facts are not clear. If the bank account is an estate account then the money must be paid in accordance with the terms of the will. If this...

I accepted a legal settlement, how should my lawyer be paid?

The attorney should have spelled this out in the initial engagement letter. Most states have ethical rules of conduct that require this matter to...

You need to look at the ILIT provisions for the change in trustee. The document should spell out the requirements for change. If the document is...

My mother died with a lot of credit card debt. Is my father now responsible for her debt?

Generally, debts of a decedent are to be satisfied from the probate assets. Since your mom, had none, the credit card company would seem to be out...

When is a formal legal estate entity needed?

You have two options here. The first would be to set up an estate administration now establishing you and yor husband as administrators. The...

I am interested in making my business a non profit organization

In addition to the valid points raised by the prior attorney, you may not be able to convert your current business but may need to form a new one...