I have been involved in some controversy regarding a Family Trust since the death of my mother in April, 2012

Your issue is highly dependent on the Trust and the actions being taken. I would definitely recommend that you contact a lawyer in your area who...

My father in law has my wife listed in his trust. In his trust he has 2 thriving business, and 3 homes he rents.

Depends on what role your wife is listed as. In general you and he need to review this whole plan and determine what changes need to be made. If...

Should I start gifting to my kids prior to Dec 31st 2012? Take advantage of the Estate Tax before 2013?

In your case I would recommend doing some gifting this year using your $5 Million exemption. If you liquid money is already in your Family Limited...

Rental property... Change from personal name to llc?

An LLC filed in NJ would be an efficient legal tool to hold your rental. In theory, it should protect you from liabilities. However in practice,...

Greetings all, I currently own rental property in CA, I've being trying to figure out what the best way to hold them

To hold investment properties, LLC´s are very efficient legal structures . If you want to be very conservative, you would put each property in a...

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I have a rental & would like to transfer it into an LLC. What is the best way to go about doing this? Are your assets protected

For asset protection purposes and to isolate risks, it is always a good idea to put investment properties and other risky assets in a local LLC. ...

Does a trust protect your finances or do you need to set up a family limited partnership for a family who has more than $1M?

I am afraid I need to answer your question with two questions: What kind of trust do you refer to and from who or what do you seek to protection?...

Can you be held liable if someone drinks at a poker game at your house and drives and kills someone on their way home?

Yes. There is abundant case law for very similar situations. The plaintiffs could attempt to hold you personally responsible for negligence. If...

If I am sued are any of my personal assets protected? Please see below.

Steve, Some of the assets you listed are protected and some are not. Your home in NY is protected up to a degree. The CO-OP is likely not if it...