When you own rental real estate in a Living Revocable Trust, do you have to operate it as Trustee and function similar to an LLC

Yes, you would conduct the business by signing as the trustee. But optimally, the property should be held by a California LLC. Your ownership...

Agree with attorney Shields. Sound like she just wants you out of the house.....

The fate of his license is really a question for the State Contractor's Board. In the meantime any judgment you did obtain against the corporation...

Can I sue my former tenants for non-payment of rent if their lease expired in 2012?

To answer this question more information is needed as to why you did not or "could not" evict them. Eviction would have been the appropriate...

Do I need a will or set up a trust to pass my rental properties&bank saving to my parner living togethe for pass 12 years in CA?

In my opinion, first you should consider forming one or more California LLCs and then transferring the properties to the LLCs. With the exception...

California law requires sellers to disclose "material" facts that could affect the value of the property and which a buyer would want to know in...

I am successor trustee of a very small estate. Among the things of value is a $1500 checking account which I am entitled?

Being the successor trustee does not necessarily mean that you are the beneficiary of the trust with entitlement to the $ 1500.00 or any other...

I agree with the comments by other counsel, that if the parties intended the terms to be the deal notwithstanding the signing on page one, then...

Can I change the ownership of a company in california? and what is the procedure?

To receive pass-through profit distributions, a foreign citizen may form a limited liability company. In contrast, all profit distributions (called...

You may also have an action against the landlord for not taking more affirmative action to protect your rights as a tenant. You are paying rent for...