How can I get a copy of a trust document for which I am a beneficiary? Since the trustee and I had a falling out and he won't speak to me, and the real property of my deceased parents has been sold ,I need to get a copy. Is it possible to get...
You should be able to get a copy from the trustee as a beneficiary. Plus, you are entitled to accountings from the trustee as a beneficiary. Are there any other beneficiaries of the trust? You may need to engage a trust attorney who can help you with this matter.See question
In Florida, my parent has an Irrevocable Supplemental Care Trust with my sibling and I as “co-trustee”. I reside in another state and my sibling handles paying bills from the trust monies. What fee can be charged as compensation for this along wit...
It is true that you can be paid resonable compensation for your time and effort as the trustee. What is reasonable depends on the circumstances. You should address your specific question to the lawyer who prepared the trust agreement as he or she will know the "circumstances."See question
I am not sure if they are licensed, however they promoted themselves to me as an investment group but throughout the past several weeks we have changed our relationship so they have become a finder per-say. They want to charge us 10% on a $4 milli...
I would need more information about the proposed deal. Have you signed a written agreement? What is the nature of the deal? Are you buying a business? Real estate?See question
Would an original business agreement be nullified if it is converted to an LLC with a different company name, but still the same business? Should we sign a new agreement with this new company name.
Converting a business from one form (S corporation) to another form (LLC) can be a taxable event for tax purposes. You really need to check with a qualified attorney to assist you in any business conversion. Merely changing the name, but not the form of a business, on the other hand, is typically not a taxable event.See question
My brother-in-law purchased a car from my mother-in-law about seven years ago. He has recently passed away with no will. The only asset he had was his car. He was not married and had no children. Since my husband and sister-in-law do not want ...
Under Florida law, since your brother-in-law passed away without a Will, and leaving no spouse or children, his assets will pass to his parents if surviving. Assuming his mother is the only parent surviving, she will inherit the car, assuming there are no creditors. If your brother-in-law had unpaid creditors, the car may need to be sold to pay these debts. If not, his mother can inherit the car. If that is the case, you may want to try going down to the Department of Motor Vehicles with his mother and an ariginal death certificate to see if they will transfer the title to her. If they will not, you can do a summary probate proceeding to get a court order from a probate judge transferring the car to her, which you can then take to the Department of Motor Vehicle to have the title switched. Need to check on those creditors though before you do anything.See question
My grandson is living with me.
The short answer is yes. You need to locate a lawyer who has experience in guardianship matters near where you live.See question
is there an age where taxes go away . i herd that at 72 i would not be taxed anymore by the irs .that i dont have to file . cant seem to find anything on age .thank you .mark
Whether or not you are obligated to file a tax return, and pay taxes all depends on your income level and filing status for the tax year in question. Generally, it is a good idea, whether you owe taxes or not, to file your tax returns each year. How else will you know for sure that you need not file, if you do not sit down and do the computation? You can confirm the filing statuses and income amounts by going to the IRS' website at www.irs.gov.See question
Trying to decide to sell a family house or keep it.
It all depends on the circumstances. But you can inherit a home with a tax basis equal to the value of the home as of the date of death. So if you immediately sold the home at the date of death value, there would be no taxable gain. If you sell the homenow, there may be taxes due that have to be paid. Might be a good idea to discuss if with your accountant.See question
I'm searching for an attorney to update an exisiting trust. When I contact an office for the first time I usually get referred to some junior person who never returns the call. As a high net worth person, how do I get through to a senior person ...
Getting a referral to a qualified lawyer is usually the best way to reach the right professional. Check with others who you trust, and see if they can help you find a reputable senior lawyer to help you with your trust amendment. Maybe try a smaller law firm that is less likely to have junior associates. Many of us in smaller firms have large firm experience.See question
Greetings! I just formed an LLC, how should I elect to tax it as?? A disregarded entity or a corporation? I have very simple circumstances, my husband is employed and I am working as an independent contractor for a group...
The answer depends on the nature of your business operations and its assets.See question