Archived
What can I do if I'm being sued for selling stuff that other people claimed to be theres on my late fathers estate?
Larry's answer
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Answered on August 11, 2016
Were you selling this as fiduciary for his probate estate or trust? If not, why not. If so, you likely will not be personally liable. Moreover,...
Archived
Can I file a DBA to do business in Illinois instead of registering as foreign llc in Illinois? Is there an advantage to one?
Larry's answer
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Answered on August 11, 2016
A DBA (sometimes called "an assumed name") gets you no personal liability protection. It remains you as an individual. The LLC is an entity, on...
Is our HOA mandatory or voluntary?
Larry's answer
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Answered on August 11, 2016
This sounds to me like "social pressure". If there is no Michigan entity and no recorded Master Deed and by-laws that establish the subdivision...
Archived
Are power holders the same as beneficiaries in a Life Insured funded Irrevocable Trust?
Larry's answer
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Answered on August 11, 2016
The role of :"power holder" has special definition, different from the role of "beneficiary", who receives distribution. The terms and...
Archived
Do I have to fill tank or can I put the minimum.
Larry's answer
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Answered on August 11, 2016
By your tardiness in monthly payment, you are the breaching party. You are pretty much at the mercy of the landlord. I get a sense that the...
Archived
I want to sell some property for cash. Do I need to have a realtor or lawyer involved or can I do my own transaction?
Larry's answer
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Answered on August 11, 2016
Funny you should ask!!!! In the past 6 months, I have had 2 client transactions "for sale by owner". I represented a seller in one and a buyer...
Archived
How can i keep my mother from losing her home
Larry's answer
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Answered on August 10, 2016
Sounds to me like your mom now has the house solely in your name because brother died (assuming it was a "full rights of survivorship" deed). ...
Archived
Can trustee of revocable family trust convey title of real estate while she is alive to add son as joint tenant to the property
Larry's answer
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Answered on August 10, 2016
The terms of the trust control. If the property is a trust asset, there needs to be careful review of the trust, its intentions and what your...
Archived
Have a living trust am I protected as a spouse?
Larry's answer
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Answered on August 10, 2016
When you say {protect", I am assuming you are asking if the trust entity will shield assets from the reach of an unfortunate judgment obtained by a...
Archived
Trust owns property- spouse given life estate - must maintain pay taxes and utilities what are trustees rights to property?
Larry's answer
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Answered on August 10, 2016
"Spouse" needs to take all estate documentation to an estate planning attorney retained by her to get these answers. The documents will likely...
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