Archived
How can a 50% owner of an S-Corp legally take over an S-Corp when the owners own equal amounts of stock.
Steven's answer
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Answered on October 26, 2009
This is a real problem and there are no easy or quick fixes. First, if he is using corporate assets for personal gain, then perhaps you could as...
Archived
My dad just recently passed, and I was wondering. if he left me an inheritance, if my mother can take it from me?
Steven's answer
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Answered on October 26, 2009
If your father left you an inheritance your mom can not ignore what the will provides. In light of your past difficulties, you should retain a...
Archived
I have been named in a will to recive inheritance, what happens if the executor refuses to pay out?
Steven's answer
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Answered on October 26, 2009
Your father is required to follow the terms of the will and make distributions in accordance with its terms.
If he is refusing to pay you, perhaps...
Archived
How to reduce interest paid on a car title loan?
Steven's answer
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Answered on October 18, 2009
The obvious answer is to pay the loan off as quickly as possible. However, you may want to call the lender and discuss this issue with them. They...
Archived
Employment Agreement
Steven's answer
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Answered on October 18, 2009
If you intend to be a lawyer, you should absolutely and without question steer clear of even the " appearance of impropriety" that most ethical...
Archived
My partner has used our business account for personal use.
Steven's answer
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Answered on October 18, 2009
If she is looting the corporation you can bring an action against her. This is a complicated and messy situation. You need to secure proof and...
Archived
Trasfer of deed on rental property to daughter
Steven's answer
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Answered on October 18, 2009
This would be a gift and not a sale. You would have to file a gift tax return, Form 709. Your daughter would take a carryover basis of $190,000...
Archived
There are POD bank accounts but the names have not been disclosed by Pers. Rep Atty.
Steven's answer
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Answered on October 18, 2009
It seems like she is acting prudently. She wants to make sure all taxes are paid before she discloses who gets the monies and before releasing the...
Archived
As a surviving spouse, what are my rights to the personal property of my deceased spouse?
Steven's answer
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Answered on October 18, 2009
You rights will be determined by his will and state law. If he failed to provide for you in the will and you are still married, then you may be...
Archived
Can i terminate irrevocable trust. im 52-childless-brothers will waive rights-its under 30,000-pgh,pa
Steven's answer
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Answered on October 18, 2009
You would need to file with the Orphans Court a petition to terminate this trust. Who gets what depends on the terms of the trust. You must file...
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