Legal way to back out of real estate contract due to pandemic?

I recommend you consult with a real estate litigation attorney in your area, who can review the Offer to Purchase in detail and discuss with you...

Can sole beneficiary of complex trust split final distribution in two for tax purposes?

You should examine the trust document itself to see what authority it grants to the Trustee. If there is no strict timeline for the Trustee to wrap...

K-1 form due date?

Generally the K-1 should be issued to you as soon as the Trust prepares its tax return for the year. K-1s are often issued later than forms for...

Yes, you can make a gift to your children at any time, just be aware that if you can only give up to $15,000 per person per year without needing to...

Can a beneficiary decline a trust?

Yes, you can sign what we call a Disclaimer and disclaim the inheritance. I suggest contacting the attorney who is handling the Trust and ask them...

I purchased an LLC and the business was transferred to me 100%. I just received a check from the US Treasury made out to the llc

If it is from the US Treasury, it sounds to me like it is a check for a tax refund, or over payment of taxes in a previous year. I would check with...

What defines the “principal” value of an asset?

I agree with Attorney Harkess, in general the principal is the amount you place in the trust, and the income would be any amounts generated by the...

Have you considered saying the lease term starts on the date tenant takes occupancy of the apartment, and then fill in that date when they actually...

How do I know I'm getting all the doccuments?

Since this is posted in the Wills and Living Wills I am going to guess that this question is about probate documents? Without more information, I...

I agree with Attorney Witt's answer above. If you bought the home together, and you are both on the mortgage, then you do not want to take your...