Is there a requirement for assets held in a trust to be reported to potential creditors/lenders?
You should not sign or agree to anything without having the documents reviewed by a business attorney in your area.
San Diego, CA
Real estate Lawyer at San Diego, CA
Practice Areas: Real Estate, Business ... +2 more
You should not sign or agree to anything without having the documents reviewed by a business attorney in your area.
One K-1 for you and your wife should be sufficient.
No. If you received the proceeds of the loan, you are obliged to repay it.
You can demand anything, but your co-owner is not obliged to agree to your request. A mortgage lender is unlikely to remove your name from the...
You need to consult a real estate attorney in your area to examine the documents to determine what rights may exist as to B of A. You do not need...
You need a business attorney to review the lending instruments. If the promissory note is typical, it gives you the right to accellerate the full...
Do you mean the attorney filed a reconveyance with a notarial error? A quitclaim deed would be used to transfer title. A reconveyance is used...
You don't state whether it is a general or limited partnership. A limited partnership may offer more protection from creditor claims. In either...
I think the recording of a trust deed is a good idea for a variety of reasons, including the one you cite. It will protect your family as record...
A Court can find that a prescriptive easement has been created after five or more years of continuous, open, notorious, use of the property over...