If I am co-owner of a house with my father and he passes, do I pay inheritance taxes?
If your father is paying you rent and not accumulating an ownership interest in the property, then yes, this would be income to you, but you should...
Winchester, VA
Estate planning Lawyer at Winchester, VA
Practice Areas: Estate Planning, Business ... +2 more
If your father is paying you rent and not accumulating an ownership interest in the property, then yes, this would be income to you, but you should...
If you inherited the property long-term capital gains automatically apply. There is no clock, no ticking, and no holding period. DISCLAIMER:...
Converting to an LLC is a fairly simple process, and while you do not need an attorney, I would highly advise you engage a competent local attorney...
First, please note that I am licensed in VA - you should consult a NY attorney for specifics and for assistance in establishing the...
I agree with Mr. Sussman. You are still obligated by the terms of your lease agreement and the landlord can, and likely will, file suit if you...
First, please note I am not licensed in NC - I am licensed in VA. That said, this practice is fairly common and most every conscientious property...
This gets very complicated and you need to get in touch with an attorney to discuss the specifics of what you can and cannot do within the bounds...
As the prior commenter noted, there are many unanswered questions which could cause the answer to your question to vary from zero to the entire...
The first two attorneys did a great job of outlining the major issues, but please be careful reading the second post because California law is...
If your father is still competent, he should revoke his current POA and execute a new one immediately. Otherwise, you may need to seek a court...