Setting up a trust
The short answer is Yes! Many attorneys believe they know what they are doing with estate planning documents like a Trust. But, in my experience,...
City of Industry, CA
Business Lawyer at City of Industry, CA
Practice Areas: Business, Tax ... +3 more
The short answer is Yes! Many attorneys believe they know what they are doing with estate planning documents like a Trust. But, in my experience,...
Most attorneys have the client fill out the estate plan inventory. This is to have the client list all the assets for completeness. it also...
I agree with the previous post. Get the tax return filed and then you don't need to worry about it. You must answer all questions truthfully.
An entity shield will not protect the actual wrong-doer. So, if the owner did something negligent, she can be sued individually. You may also...
You can have the golf outing to raise funds. You cannot make a representation that the funds are tax deductible. Usually when IRS Form 1023 is...
The short answer is yes. A non-resident alient (NRA) can own shares in a US corporation or be a member in a US LLC. A very common structure for a...
Some issues that you need to consider. You are going from a multi-member LLC to a single member LLC. This will have some "holding period" issues....
The wife does not own the property. The Trust owns the property. Title vests in the Trust. Cal. Rev. and Tax. Code Section 63-64 would not treat...
I agree with the previous post. You can file either married filing jointly or married filing separately. Definitely, having the protective order...
Generally, this would be considered a gift. Your Grandfather would be required to file the Gift Tax Return on Form 709 for the year that the gift...