My mom is sole owner of a business. She wants to make me 1% owner so I can have it upon her death. What is the ramification?

To add further: in the event the business is highly valued there may be an incentive to begin gifting shares of the business to you annually in...

How do i close probate when there is a debt against the estate that can not be paid

Since the debt is secured by the house then the mortgage holder can foreclose on the property to get payment. I agree with the previous answer...

My business is closing and we would like to break our lease. No personal guarantee signed as a corporation. Is this possible?

Take your lease to a business attorney for a quick review and determination. It will be worth the money to do so. Your lease may have language in...

Dad wanting to add me (& possibly my spouse) to home title as Joint Tenants. What are the Problems/pitfalls?

You Dad may also consider setting up a Living Trust to hold title to the property. This will allow it to pass outside of probate to whomever he...

Need advice and steps on title of parents house

A POD might work but having the house put into a Living Trust is another option, particularly if the POA will allow the agent to create such a...

Where would I find information or a guide for proper paperwork on how to petition the courts for Temporary Administrator?

The Clerk cannot give you any legal advice and they are probably right - you need an attorney to handle this. I don't know about Missouri but in...

I am the administrator & only heir of brother's estate.He died in Ca. I settled his house for 50K. He has oil royalties in Tx.

I agree you should contact the administrator of the royalties but be prepared to go through a reasonably time consuming process. In Texas, oil and...

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When you own an S Corporation, are you required to file an 1120S form?

You still need to file your 1120S regardless of whether or not your business made any income. You also need to insure you file a "no tax due"...

My brother is the executor, all the bills have been paid.He is hiding the money and not telling any heirs anything, what do I do

You should first send a letter, certified mail, return receipt requested, to the attorney representing your brother and to him demanding the...

Want to sell Fathers land left to children in will. 75% wan to sell. Is it possible to override the other 25%.

You really need to talk with a probate attorney to discuss your options. There is a possibility the 25% owner could have the right to sue to...