The example ladybird deeds I found transfer from grantor to grantee and the grantor retains enhanced life estate. Since the homestead is in a trust, how do I as trustee take it out of the trust and give it to myself with enhanced life estate then...
I'd recommend sitting down with an attorney to ensure that you do things the right way, especially if there's a trust and homestead property involved.See question
My dog bit someone in my home. I have no assets. Can they come after my LLC business?
Yes, they definitely can if not structured properly. I'd advise you to seek counsel, resolve this and then reorganize your estate and business planning so your assets are better protected. Good luck.See question
My Father who had 3 children died of natural causes on November 18, He had a Living trust leaving myself and one sister out of the trust. My sister (I have 2 sisters) to control the trust and is in charge of the trust. This is my sister and I biol...
As my colleague indicated, a revocable trust must likely satisfy the decedent's creditors in probate or otherwise before the trust may have an asset protection benefit to the benes. It does depend on the terms thereafter. I'd recommend retaining an estate attorney to understand this more. Good luck.See question
Hello, I am going in a share holder of 50 % in a company that will buy a property as a part of a business planand trying to have the best practice for keeping my rights . the loan type is not a business, the preaproval doesn't have the name of one...
The best practice is to assemble the right team, and that includes an estate and business attorney, and CPA.See question
Someone has been a trustee for my deceased brother's trust but has not lived up to his fiduciary duties towards the beneficiaries. I am now the official trustee but the other party is not cooperating. What should I do?
Great answers from my colleagues. You have to understand your rights as well as the obligations that were fulfilled or not fulfilled by any prior or current trustees. I'd recommend sitting down with an estate planning attorney to understand those issues and advise you on your next steps.See question
I invested in a business. It didn't work out lik e it was supposed to we agreed to dissole the agreement and to repay my money to me monthly until it was relayed. They have not related me and have stopped communicating and have threatened me when ...
You need to sit down with a business and/or litigation attorney to advise you of your rights and enforce them as appropriate.See question
I am trying to register and start my business. I want to know which is best to register as LLC, sole proprietorship or any other way so in the case of I am not very successful I am not hold accountable personally from creditors. Please let me kno...
You want to incorporate for limited liability. Which way to incorporate depends on a lot of factors (such as tax), goals and circumstances. You need to sit down with an estate and business attorney to determine what's best for your business. Good luck.See question
i will be trustee of my irrevocable trust , can i change beneficiary at a later date of this trust if i have "Limited Power of Appointment"............ if no what should trust say so i can or can i never change beneficiary ?
It may be able to be done, but depends on the language. You have to do this properly.See question
Hello, I might be personally being sued for breach of contract. I have not been served. Is my llc's assets safe?
They may be at risk even if you were fully compliant with the law. It depends on how they are owned and structured. Sick down with an attorney to get proper advice beyond an online forum. Every situation is highly fact-specific. Good luck.See question
I have most of my assets in a revocable living trust. I would like to know what the best way would be to set up a plan for my son who is addicted to drugs. I am wondering if a separate trust funded at a bank that would be exclusively for my son's ...
Trusts can accommodate beneficiaries with substance abuse issues. I highly recommend sitting down with an attorney.See question