I "inherited" some rental property as a beneficiary of an irrevocable trust at the time of death. Is the tax basis FMV that day?
Charles's answer
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Answered on October 04, 2010
You should have a local attorney review the trust documents to determine when this trust became irrevocable. In most instances, assets owned by an...
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Moving real estate assets into a Revocable Trust
Charles's answer
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Answered on October 04, 2010
You should contact a Virginia attorney and have them prepare the deed for you. This is fairly simple, but it should be handled by someone who...
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I signed a lease contract term from 10/2008 to 10/2009 but states is month to month thereafter. Is this lease still binding??
Charles's answer
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Answered on September 28, 2010
You are bound by the terms of the original lease, and based on the facts you provide, you are currently a month-to-month tenant. In other words,...
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Will becoming a sole proprietor help me save on taxes?
Charles's answer
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Answered on September 28, 2010
As Ms. Walter noted, you are already a sole proprietor and can write off your legitimate business expenses. To ensure you are reporting your...
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Durable & medical POAs
Charles's answer
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Answered on September 28, 2010
You may want to repost this question in Georgia since it does not relate to Virginia law, as you will likely receive a better answer from attorneys...
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My fathers estate is still open after 5 yrs, and wasting away, who do I contact for answers?
Charles's answer
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Answered on September 27, 2010
I agree - you need to get with a qualified local estate attorney immediately, and there may be some statute of limitations problems. If you cannot...
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My aunts house is paid for and she passed away w/no will. House was up for sale when she passed. What will happen now?
Charles's answer
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Answered on September 20, 2010
You have quite a few issues here that require a more complex analysis of the situation than is available in this Q&A forum. Some of the questions...
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Need a atty verse in VA law for Operating Agreement for partnership/LLC. any out there are are NOT $300 / hr or more ???
Charles's answer
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Answered on September 13, 2010
There are some very experienced business attorneys in Virginia who charge less than $300/hour - they may be difficult to find in the...
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My wife lived with her grandmother and took car of her 9yrs ago her grandmother told her there was a cd set up for all the grand
Charles's answer
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Answered on September 10, 2010
Mr. Fromm is more or less correct with regard to Virginia law as well. If there is a will, a copy of the will can be obtained from the local...
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Can we hold a home seller to inaccurate remarks made on MLS iin Virginia?
Charles's answer
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Answered on September 07, 2010
I agree - you can offer anything you want, but there is no requirement they accept your offer. MLS statements are for informational purposes only...
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