Why would I spend the extra money to decrease probate time a little bit?
One major reason is that wills still go through probate, whereas trusts generally do not.See question
In 07/2016 I opened my LLC in Florida and Registered an EIN with the IRS. In 9/2016 another person in Wisconsin opened an LLC in that state with the same name as my LLC. Can I take them to court?
Talk to a trademark attorney to assess your rights and options.See question
My friend owns C corp. We want to open a new company similar to his but I want to have shares in the new company. Can we still open DBA for his company but include me as a partner? Also, from liability standpoint, is it better to open DBA or LLC?
Def form an entity after sitting down with counsel and working with your CPA. DBA is a fictitious name that is used for reasons other than limited liability. They are different concepts and should not confuse one for the other.See question
my new spouse is the 1st trustee of the revocable trust after me. the deed is currently in my name.
You appear to have provided conflicting information. The home cannot be in trust if the deed names you as the owner. You may want the trust to own the home and provide for your spouse's benefit upon your death. That does not appear to be what you have in place now. I'd highly recommend retaining an estate planning attorney to help ensure your wishes are carried out economically and to avoid what could be a costly and surprising result. Good luck.See question
Previously I was sent an preliminary accounting which some of the items I objected to. They are still on the accounting that I just received. Based on my experiences with the PR and attorney i do not trust them, as they've not been forth coming i...
You likely have a time sensitive right to formally object to them. Retain counsel to be properly advised on this issue.See question
My wife and I are considering setting up a trust. We have five separate properties, one of which we own free and clear and the other four that have mortgages on them. I understand that the properties would have to be titled in the name of the tr...
Transferring real property to a trust likely will trigger an acceleration clause in the documents. It's important to work with the lender for that reason. That being said, once approved, you can place homestead real property in a properly prepared revocable trust without losing homestead protection. This is something to seek counsel on before proceeding. Good luck.See question
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