Archived
My father died, made me executor and willed a piece of land to me, my sister & brother. My brother & I want it sold. Can we sell
Rebecca's answer
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Answered on October 17, 2019
You will not be able sell the property without consent/signatures from your sister's heirs or whoever she named in her Will, if she had one, to get...
What are my options, as a buyer, while terminating the home purchase agreement during due diligence?
Rebecca's answer
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Answered on October 17, 2019
First, if you were still in the due diligence period when you communicated that you were cancelling the Offer to Purchase, there is no question...
If my son is named in my will to inherit my home will it have to go through probate?
Rebecca's answer
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Answered on October 17, 2019
Technically, in NC, real estate does not go through probate unless willed to the estate. While the sale of the property while the estate is open...
Archived
We have a va financed home loan. If the home is not paid off at our death can the home be willed to only one child?
Rebecca's answer
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Answered on October 17, 2019
The fact that the home is financed through the Veteran's Administration does not impact who you can leave it to. Yes, you can decide who to leave...
At what point does the IRS care about the use of LLC business money to fund personal expenses?
Rebecca's answer
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Answered on October 17, 2019
Because an LLC is generally used as a "pass-thru" for tax purposes, meaning that the income of the LLC is taxed at the owner's personal rate...
Archived
As a F1 student, can I open a LLC?
Rebecca's answer
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Answered on October 17, 2019
Yes, as non-citizen of the US you are still eligible to form an LLC, at least in North Carolina, which is where I practice. Your citizenship would...
Employer liability on company/fleet vehicle driven by an employee while not "on the clock"?
Rebecca's answer
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Answered on August 28, 2018
As long as you have permission to be driving the vehicle, the company would bear the responsibility, except in cases where you were doing something...
Archived
Can I file a small estate affidavit and skip probate?
Rebecca's answer
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Answered on September 15, 2016
One more point you need to know, if you have already been appointed as the administrator, the simpler process is no longer available.
Archived
What type of Business Entity and Insurance will I need?
Rebecca's answer
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Answered on August 31, 2016
I agree that you would benefit from talking with a business attorney about the situation. Single member LLCs are popular for business promotion...
Archived
How do I transfer the title on a second home to my son's name?
Rebecca's answer
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Answered on August 29, 2016
You should hire a local lawyer to prepare a deed transferring the property to your son. A real estate lawyer is what you are looking for to get...
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