I have a real estate photography business that sub contracts 4-10 photographers to shoot for various realtors. I need a terms and conditions doc written up. Here is what I am looking for: http://www.previewfirst.com/terms-and-conditions ...
I think you may be looking for feedback on the linked document. It is a good start to an agreement with end users. I think you are looking for a version to use with your independent contractors that they can sign. That can fairly easily be done.See question
I am a widow and have a revocable trust. I have one child who will inherit what is left. I am 82 and not wanting to have any state inheritance tax. I have a little over $500,000 in an IRA. I think if it is rolled over to my son, it would be...
There are many things you can do. The simplest is to reduce your taxable estate below $1 million. Oregon has no gift tax. The federal government has a gift tax but each person has a $5.4 million exemption currently.
You can give $800,000 of your property to your son, a charity or anyone else and your estate will not pay any Oregon estate tax.
You could also move your residence to another state that has a higher estate tax exemption (for example, Washington State has $2 million) or none (for example, California and many other states).
The land, house and other structures are owned by me and my ex-wife. It is held as tenants in common. She would like to buy my half of the partnership. However, it appears she is going to low ball as much as she can. She would make it very difficu...
Before you make any decisions, you need a full appraisal. Broker estimates are often way off.
In general, it will sell better as a whole parcel.
If you figure in $15,000 to $20,000 for the partition lawsuit, will you still be money ahead? If so, the sale to the public will yield you more money. Note: it may piss off your ex. Can you estimate the cost of that?
Failed business, judgement is 9 years old. Looking to salvage as much equity in my home as possible, odds of the county taking a settlement prior to my house closing? County tax debt for business taxes that were not paid. Because the tax returns w...
It is a little odd for the County to have a tax lien on your house for unpaid County taxes. But, if they have one, then you need to arrange with them to produce a payoff letter and a release of lien so the title company can insure the title for the buyer and the buyer's insurance company.
it may be worth investigating whether you can file the missing tax returns or do other things to reduce the amount of tax owed and maybe get some interest and penalties waived.
My wife's father was appointed a trustee of a will however he pasted away several years ago and now the assets are in the states possession. Rather than the state keeping the money I would like to be appointed as the trustee to distribute any fund...
Good idea. Why let the state keep the assets?
You use two words that seem to be inconsistent. A Will has a personal representative. A trust has a trustee. Sometimes, a Will creates a trust and has both a personal representative and a trustee.
You need to look at the Will or the Trust Agreement and see what it says. That will guide you in what you need to do to be recognized by the State of Oregon.
My son wants a piece of property in the trust as his inheritance and I want him to have it, but I would like to put it into his name and the trust with right of survivorship should he predecease me. He is amiable to this plan.
This is simple. You just state in the trust what you stated in your question; just in more detail and in fuller sentences. The trust continues to own the property either way. the only thing that changes is the beneficiary.See question
We have a buyer willing to pay a down payment & monthly payments for a year & then he will get a loan. How likely is it we will get the banks carrying our mortgages to approve this transaction? Do we need to get their approval? Can we control how ...
Good thinking. You really do not want a house back you cannot sell or rent. So, do not do this. This is a train wreck waiting to happen.
Unless this contractor is someone you would pass your baby to across the barbed wire, this is a terrible idea.
No matter what you write in a contract, the contractor may do something else. You can have a dandy lawsuit but no house and no money; possibly bankruptcy.
My mother died two years ago. Her 2nd husband (not my father, died ten years before her). I was executor of mom's estate and distributed the proceeds to all her listed beneficiaries per the legal instructions in her living trust. I still have many...
Married couples often give each other things. They also own some things jointly. When the ownership is transferred to a trust sometimes these distinctions are not maintained. Sometimes on purpose and sometimes inadvertently. If your mother's second husband gave her valuable property and then she left it to her family in her trust, he, in effect, disinherited his children. This is a lively area of conflict in trusts and estates.
Your family may right to be concerned.
My siblings and I own a rental property in Sunriver, Oregon. Some of us want to sell the property, which is owned within an LLC. Others of us would prefer to wait so as to avoid having to have the capital gains appear as income on our personal inc...
The simple answer is no. Unless you have elected to have the LLC taxed as a corporation under IRS rules (very unlikely), the income from the sale automatically is passed through to the owners in the year of the sale.
There are some other things that you might do to defer the taxes or cause there to be different tax effects for different owners; however, leaving the cash in the LLC is not one of them.
I was going looking into starting a business with someone. I thought that we would be partners, but the person wanted more of a franchise model. Nothing was ever signed, we just talked, met a few times etc. After realizing that we were not on th...
You need to be careful. You can create liability for yourself if you use any confidential information or work product produced by your intended partner. This is especially a problem if you ever pursue the same project or an outgrowth of the project on your own without the intended partner (see, for example, Facebook).See question