Property gifted to your grandson will carry over the same tax basis as you had, i.e. $170,000. If your grandson sells the property later, unless...

Can i sue & for how much?

You might try contacting Legal Aid of East Tennessee for assistance: https://www.laet.org/

Almost any experienced real estate attorney in Virginia should be able to draft purchase and sale documents and required disclosure forms for you,...

Grandfather sole mortgage holder, grandson co-titled. If grandfather dies can mortgage continue as is or need to be refinanced?

Under the Garn St Germaine Act the lender cannot call the loan due upon death of grandfather so all grandson needs to do is keep making the...

Can my roommate sue me after signing a covenant not to sue?

A "covenant not to sue" is an unusual way to handle your concern, and it sounds like you drew it up yourself without the assistance of an attorney....

That is the problem with lending one's own credit for the benefit of another while not being truthful to the lender. To fix this, your uncle will...

In California, the power to amend the principal's trust must be in BOTH the trust instrument itself AND the power of attorney. This is uncommon...

Can you transfer ownership of an asset to a relative to acquire another asset on favorable terms?

Each transfer that you are thinking about that is inconsistent with "true" ownership is fraught with peril. For example, transferring a property...

How can I set up a fund for a one year old child to provide a fund for her education or other upon her 18th birthday?

There are indeed ways to do this, but this is not a do it yourself project. Consult an experienced estate planning attorney for assistance.

A testator (person who makes a will) has no obligation to notify anybody ever when/if he or she changes his or her will. However, last minute...