Questions answered by Leonard Komen

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Does Sole Proprietor business w/employees need to get a new FEIN after the death of owner if Estate runs business until closed ?

Leonard's answer | Answered on January 09, 2015

A probate Estate is a different taxpayer and needs it's own taxpayer I.D. number. Even to file income taxes for the income of the Estate.

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Can they Foreclose?

Leonard's answer | Answered on January 09, 2015

Of course they can foreclose. What makes you think they can not,. You refused to reaffirm the debt; what obligation to they have then? The...

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Do i need to file a quit claim deed or a new deed of warranty?

Leonard's answer | Answered on January 05, 2015

Quit claim deed. A simple form. But there is no urgency and you can even get it done one day when you sell

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How do I obtain property in a common law issue?

Leonard's answer | Answered on December 25, 2014

The remedy is called a suit in partition by which fhe court will ordsr the Property sold.

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Im on my mothers bank account . My own accounts were frozen due to past bill. Can they freeze moms since im on her account?

Leonard's answer | Answered on December 25, 2014

I think you meant they filed a garnishment to, thenpractical effect of which is that the funds in the account up to the judgment balance are 8held...

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As a trustee, what percentage am I entitled to in an estate worth $300,000.

Leonard's answer | Answered on December 25, 2014

This is not a probate question but a contract question. The probate code does not govern trusts. A Trust is a separate contract and if the trust...

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Real estate issues

Leonard's answer | Answered on December 11, 2014

Missouri has a recent statute on financial abuse of the elderly, which usually means taking their money. On this property, it appears your...

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Is property listed in a Trust that has had a quit claim deed granted part of the value of Trust assets being distributed?

Leonard's answer | Answered on December 11, 2014

Its a little unclear hear what is titled in the name of the trust and what is not. An attorney needs to see the trust document to give you more...

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In a Partnership named J & L, can Jim legally endorse a check payable to Jim alone and deposit it into the partnership account?

Leonard's answer | Answered on December 08, 2014

Most banks in the St. Louis area will not accept an third party endorsement and will not accept that deposit. If they do there is of course no harm

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If I own an LLC, and there is an outstanding balance that cannot be paid, if I dissolve the company what happens?

Leonard's answer | Answered on December 08, 2014

As long as the contract does not bind you personally AND you properly created the LLC with Articles of Organization and an Operating Agreement and...

Leonard Komen's Answers (2630)

Does Sole Proprietor business w/employees need to get a new FEIN after the death of owner if Estate runs business until closed ?

Can they Foreclose?

Do i need to file a quit claim deed or a new deed of warranty?

How do I obtain property in a common law issue?

Im on my mothers bank account . My own accounts were frozen due to past bill. Can they freeze moms since im on her account?

As a trustee, what percentage am I entitled to in an estate worth $300,000.

Real estate issues

Is property listed in a Trust that has had a quit claim deed granted part of the value of Trust assets being distributed?

In a Partnership named J & L, can Jim legally endorse a check payable to Jim alone and deposit it into the partnership account?

If I own an LLC, and there is an outstanding balance that cannot be paid, if I dissolve the company what happens?