I have free and clear real estate owned by my dissolved LLC How do I quitcaim or transfer the property to a new LLC?
Jeff's answer
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Answered on October 09, 2013
Dissolved LLCs and corporations can create real estate title headaches. Hire a real estate lawyer to help you transfer the real estate and get a...
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My brother passed away in Nevada, I live in Illinois, can I file affidavit of entitlement in Illinois for his Nevada accounts?
Jeff's answer
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Answered on October 09, 2013
I agree with the other respondents to your question. Nevada law governs your brother's accounts. The reference to a NAELA lawyer is good. You have...
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What do I need to do to take over ownership of my folks paid off home that was part of their living trust?
Jeff's answer
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Answered on October 09, 2013
The particulars depend on your ability to buy your sister's share of the property. If you have the cash available, then the present attorney should...
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A client of mine sold his rights to land held in an irrevocable trust (with no spendthrift provision). Income tax implications?
Jeff's answer
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Answered on October 09, 2013
I'm not sure why a spendthrift provision is relevant to this question. Another respondent mentioned "grantor trust." if you understand that...
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LLC vs personal holding advantage/disadvantages?
Jeff's answer
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Answered on October 09, 2013
I think of limited liability entities like containers of dangerous substances. If you store them too closely together, one may contaminate or...
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In Indiana can I keep the Homestead exemption if I put my home in an irrevocable trust?
Jeff's answer
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Answered on October 09, 2013
Be fore I answer your question, I urge you not to transfer a mortgaged residence to an irrevocable trust. In fact, you should not mess with an...
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Is it ethical or unlawful for an atty to plan an estate for a parent and name himself trustee, executor, and sole beneficiary?
Jeff's answer
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Answered on October 09, 2013
This is a compound question. In answer to the first issue about attorney self-dealing, except if the lawyer is the client's spouse, child,...
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Can I change law firms for my parents living trust?
Jeff's answer
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Answered on October 02, 2013
The trustee can engage and disengage any attorney. The question is whether you are the trustee at this moment. If the trust agreement appoints you...
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My mother was on pending status but since passed. They now say this is reason she does not qualify. She was in hospital.
Jeff's answer
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Answered on February 10, 2013
You write that your mother was on pending status. Was the status for Medicaid, Medicare, VA benefits, or something else? If the application was a...
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If a will is made up and a spouse dies can the other one change it
Jeff's answer
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Answered on January 22, 2013
I agree will the previous respondants, but add that it is possible for a will to be what is commonly called a "mutual" will. Many wills by married...
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