BY BANK OPENED AN ESCROW ACCOUNT THAT WE DON'T WANT. EVERY YEAR WE PAY OUT TAXES ON "DROP DEAD DATE". THIS YEAR OUR LENDER PD

Provision for a tax or sometimes both tax and insurance escrow is so standard as to be almost universal. You can check your mortgage documents,...

Gift splitting

The U.S. Gift Tax Return is called a form 709. I will provide a link to the form below. Lines 12 through 18 of the gift tax return form have...

My Grandmother died a few months ago and left me a college fund, I am in high school.

You haven't given us enough facts to allow us to give a good answer. I wonder, first of all whether is college fund is being administered by...

Thank you for providing this service. Is it legal to re-write a parent's previously made will to cut the other sibilings out?

You need an estate litigator helping you with this as soon as possible. Your lawyer will start with the mechanics of the document - proper form?...

Equal partners in corporation. Partners going to short sale on calatoral property for biz loan. Any worries?

You haven't mentioned whether you have personally guaranteed the loan in question. That's important, because the short sale of the house isn't...

3 = partners are opening a llc, one partner is married how can we stop her husband from taking over incase of divorce or death?

If you consult a Louisiana attorney familiar with LLCs you will be please to find that this particular kind of company is almost tailor made to...

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My husband has a corporation on his name and we both work there for over 10 years.

In addition to the community property aspect of this question there is also an employment law issue. As a co-founder of the company, married to...

I would like to have a living trust and will reversed to original state.

That is about the saddest thing I've heard today, and one sad part is that everyone involved was probably trying to do the "right thing." ...

If one of you dies before your mother, the account is POD the surviving one, who will take the whole account upon your mother's death.

Do i need to set up an estate?

It sounds like you and your father had things pretty well organized before he passed away - congratulations. Did an attorney assist in setting all...