Archived
I have a LLC and there are two members. The operating agreement says once the members passes away the remaining portion
James's answer
|
Answered on July 23, 2015
Question too confusing to offer answer.
Successive management depends on operating agreement.
Inconsistent statements regarding property...
Archived
How much is a fair settlement amount in a credit card debt of 19,500 with CapitalOne,if I do not pay them what can they do?
James's answer
|
Answered on July 23, 2015
Fair settlement depends on a number of factor not cited in question, incliuding, not limited to: assets; ability to pay; income, liabilities.
If...
Archived
→ Due to hardship, I would like to remove the car from my ownership.
James's answer
|
Answered on July 23, 2015
Yes. BK may be best option to be relieved of the debt.
Consult BK counsel.
Archived
Can we get our down payment back?
James's answer
|
Answered on July 23, 2015
Review the contract. If it includes rescission language, it controls right to get down payments returned.
Can I be sued for a 5 year old payday loan?
James's answer
|
Answered on July 23, 2015
SOL for collection of a debt is 4 years. If debt time-barred, creditor may not sue to collect.
Various debt collectors purchase payday loan...
Archived
Grandma had two children fighting over who should be trustee. She decided neither one should be and was seeking to have BofA
James's answer
|
Answered on July 23, 2015
No. Daughter may not draft trust allowing herself to receive "kickbacks from some of the agencies providing care" to conservatee or...
Archived
I am a 50% beneficiary of grandmas trust, my aunt is the other beneficiary/trustee. I live out of state, and have no possible
James's answer
|
Answered on July 23, 2015
Yes. Judge may take action at hearing that will diminish your share of trust.
Yes. judge will attempt to do justice. However, Judge only acts...
Selected as the best answer
Archived
Beneficiary became trustee against testator's intent, due to incompetence of testator. Trustee wrote trust and submitted it to
James's answer
|
Answered on July 23, 2015
Yes. Beneficiary may create trust using substituted judgment provisions of probate code. Court will inquire if granting relief requested in...
Selected as the best answer
Archived
Would adding third trustee to a California couple’s living trust alter any tax aspects of holding their residence in the trust?
James's answer
|
Answered on July 23, 2015
Maybe. Consider possible Income Tax and Property Tax consequences as follows
INCOME TAXES: Will not be affected. Basis adjustments not affected...
Archived
After my mom died I paid off the mortgage on my mom's home. Will I get compensated for this?
James's answer
|
Answered on July 23, 2015
Maybe. Possible reimbursement will depend on weighing benefit you received against amount you paid.
You may file Creditor's Claim in the probate...