Would the Trustee of an irrevocable trust be the responsible party for applying for an EIN for any entities the trust forms?
Layne's answer
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Answered on May 17, 2021
Yes. If the trust is a Grantor Trust for federal income tax purposes, the settlor of the trust could also be the responsible party.
In Nevada, when does Trustee(also beneficiary) pay their fees, reimbursement for mileage and expense? Is a Order required??
Layne's answer
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Answered on January 19, 2021
It will be difficult to fully answer your questions without knowing more, but here are some points to consider:
1. The trustee can ask for a...
Co-owning a house with family and renting it?
Layne's answer
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Answered on October 28, 2020
An asset-protection trust could work; however, a limited-liability company might be a better and less expensive choice. You should consult with an...
Can I get a Clean Title
Layne's answer
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Answered on October 22, 2020
In my opinion, a quiet title action is your best option for a truly clear title.
Layne
https://ltr.rfl.legal
HELP- PROBATE ?
Layne's answer
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Answered on October 18, 2020
Contact Greg or Taylor Morris. 702-471-0990. https://www.probate-estatelaw.com/
How to transfer property for raw land held in tenants in common and one person is deceased?
Layne's answer
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Answered on September 15, 2020
Probate will be required. Ownership as "tenants in common" does not include a right of survivorship, which means that (a) your mother will not...
Can I revoke my living trust on my own as a trustee/grantor or do I need my wife to also sign?
Layne's answer
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Answered on September 14, 2020
Let me supplement what Mr. Reed said.
Prior to the divorce, the answer will depend on the trust instrument. Many trusts allow either spouse...
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Will my wife get our house if her name is not on the deed and I die first?
Layne's answer
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Answered on August 06, 2020
There are several ways to make sure that she gets the home after your death:
1. Sign a deed that changes the property owners to the two of you...
Why does nobody talk about irrevocable trusts for estate planning in NV?
Layne's answer
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Answered on July 08, 2020
Irrevocable trusts are not used as much because most people do not need them, while revocable trusts are appropriate for almost anyone who owns...
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When there is no Will but we were told before death what he wanted done, how do we transfer title to his vehicle to his son?
Layne's answer
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Answered on June 21, 2019
Mr. Winsor is right. If all such assets have a value of $25,000 or less, title can be changed by an affidavit. If the value is higher or if any...
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