Purchase agreement and tax question

Assuming the laser is a business asset, your company has likely paid for it, and taken tax deductions in the form of depreciation expenses. Your...

Taking money out of an S-corp

Short answer is, your adviser is correct. With an S Corp you take a reasonable salary (subject to employment taxes) and also take distributions...

I want a property management agreement between my management LLC and my property holding LLC, that directs all liability to it.

We see this fairly regularly and here is how you do it. First, all LLCs need an operating agreement. Your Management LLC is the "manager" of your...

Can an Attorney who represents a Living Trust also be the same attorney who represents the Executor of the Family Trust?

You really do not provide a fact pattern that could garner a useful answer. Your sister is not the Executor of your parents Trust, rather she is...

I have a question regarding a Trust.

Once you inherit the house, your creditors will be able to attack the inherited assets. Though the house would have some protection via the...

How do I get my house into my name, from it being in 'The Estate of...'?

If the home is titled in the name of a personal representative of the Estate, then the PR will sign and record a deed via the probate process,...

The first lawyer answering this question got it right, but unfortunately Arizona law got this wrong in a recent appeal court decision so the law is...

What is the statute of limitations in AZ for a Trustee who is now deceased?

I agree with Francisco Sirvent. You appear to have a claim but you need to sit down with a lawyer and get more facts on the table in order to...

Can I place a lien on a property that is in a revocable trust?

Short answer is yes. When a person transfers legal title of property to a living trust where that person is the settlor, the trustee, and the...

Do I have to pay inheritance taxes on a bank account my father left me?

Under federal estate tax laws there will be no estate taxes unless your father's Estate exceeded his lifetime transfer tax credits. Basically, one...