After a parent's death and at the settling of an estate is it usual to reserve some funds before distributing to the heirs?

We almost always advise a reserve be retained. There are likley to be additional income taxes, legal fees, unecpected debts or similar expenses....

There is no requirement that a Trust Instrument be notarized. It does, however, serve to assist in proving the authenticity of the document and the...

If I filed my EIN number in my corporation, can my client's family go after my personal asset?

The family can certainly sue you ndividually if they elect to do so. Whether they can successfully get a judgement against you personally is a more...

CAN THE FINANCE CO HOLD ME LEGALLY LIBLE FOR AN HOUSE LOAN IN MY FATHERS NAME WHO DEEDED THE HOUSE TO ME

I agree. You may not be personally liable, but if you don't pay the loan, you will likely lose the house.

Is there any downside in refinancing a 19 unit apartment building with a Family Living Trust as the borrowing entity?

I agree with the prior answer. Keep in mind that while there is a statute preventing loan acceleration for a transfer to your living trust, no such...

Converting California LLC to a C Corp.

Please see a tax advisor. This is not what we would normally reccomend. The possibility of investors does NOT mean you should consider a C...

If I purchase a home and put it in my partners Mothers name can we she put T.O.D. and put my Daughter and 2 Grandchildrens names

I strongly agree with Christine. The taking of title is a real and significant decision. What if your partner has a huge judgment agaibnst her in...

My sister &husband owned a timeshare in a trust. He died. The trust was dissolved. She wants me to go on title w/her. How to do?

You clearly need to get the deed as presently recorded, and work from there. Someone has to be determined to have the authority to act on behalf of...

No, a trust is generally not recorded in California. A trust is a structure where the Trustee holds title as a fiduciary for the beneficairies...

Is there any way to avoid probate even if the decedent was a tenant in common with another recently deceased person?

I agree that it is probable a probate proceeding will be required. A quiet title action is another way of getting there, but probably just as...