Can my father still get money back from indy mac bank?

Possibly. If IndyMac illegally raised rates and collected money improperly, father has a claim to return of money. There are many possible valid...

If someone inherits 75000. what are the tax ramifications thanks

Inheritance is tax free to recipient. If you inherit real property, you may be entitled to step up in basis if related in first degree. This will...

Trust Had a No Contest Clause: Will stipulating on a Cause of Action favoring defendant make the No Contest Clause enforceable?

Maybe. Depends on reasons for the original action by plaintiff. Not all challenges trigger enforcement of no contest clause. California has...

Capital Gains Tax Liability for beneficiaries upon Sale of a house in an Irrevocable Trust

For purpose of this analysis I am assuming three sibling are children of the Trustor and we are dealing with a Grantor Trust. If a Revocable Trust...

I am considering bankruptcy of some kind for 3 of my failing restaurants

Yes. Based on facts cited, BK may be an option. Options to consider: -C7 liquidation; -C13 reorganization -C11 reorganization Much more...

My brother passed, I have Power of Attorney for him, and I want to give away his house to the City. How?

Power of Attorney not sufficient to give away the house. POA not valid after brother died. No. Probate not avoidable if you wish to give the...

How do Student Loan Servicers respond when a borrower who is not in default and not behind on payments files Chapter 7?

Student Loan Creditors generally are not affectd by and do not take any action if BK filed. Student loans not dischargeable in C7 or C13 BK. No. ...

Father died Mother gave power of attorney to her sister to take care of her bills, estate is in trustee of the trust.

None. POA is no longer valid after death of Principal. Maybe. Depending on terms of trust, aunt may/not be able to collect from trustee. Review...

No. There is authority for excluding these transfers from reassessment. Carefully document and explain to Assessor what is being done. Carefully...

Yes. Two best arguments: -petition court to amend the trust based on excuseable mistake; -petition court to accept letter as an amendment Both...