Archived
I've been offered before December 31, 2014 a Real Estate Investment Offer to help lessen taxes, which expert should I hire?
Lynn's answer
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Answered on December 20, 2014
You mention the $500,000 exemption, which appears to be the exemption from capital gains tax for a married couple who sell their personal...
Archived
If bro & I hold title as TIC, are we eligible for tax deductions on mortgage interest/insurance? Can his ex-wife claim rights?
Lynn's answer
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Answered on December 20, 2014
So many questions, so little time. You have three or four specialized areas of the law involved. I am conversant in three of them. In the fourth...
Archived
Are gambling losses required to be reported to the IRS, even if claiming no tax credits?
Lynn's answer
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Answered on December 20, 2014
Gambling losses may be offset against gambling winnings in reporting gambling income. If there is no income to offset there is nothing to report.
Archived
Do my parents need a living trust and will if their only asset is their home and I am already on the title?
Lynn's answer
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Answered on December 20, 2014
The title to the property will govern the treatment upon the death of your parents. You state that "you are on the title", but omit in what way: as...
Archived
Collateral attack
Lynn's answer
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Answered on December 18, 2014
A Collateral attack also threw me during the first year of law school Civil Procedure class. When my boyfriend explained that a lateral pass is a...
Death of beneficiary of an undistributed estate. What happens to deceased's share?
Lynn's answer
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Answered on December 18, 2014
When a beneficiary predeceases the distribution of an inheritance, the beneficiary of that share will depend upon the terms of the will, trust, or...
Archived
Would it be best for my mother to sign the deed to her house over to my brother right now that she is still living or in a will?
Lynn's answer
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Answered on December 17, 2014
California is unique in having Proposition 13 which limits the property tax assessment increase to 2% annually. However this unique benefit can be...
Archived
What can I do if garnishment proceedings have begun? They are leaving me with so little!
Lynn's answer
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Answered on December 17, 2014
You fail to state what entity is garnishing your wages. If it is the IRS, they will be reasonable about a settlement plan. However you should...
Archived
Negligent retainer of an employee and simple assault
Lynn's answer
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Answered on December 17, 2014
You are confusing a worker's compensation case for an on-the-job injury, with a claim for respondent superior for liability of the employer for the...
Archived
How can I get a letter of testamentary?
Lynn's answer
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Answered on December 17, 2014
Letters testamentary are not like emails or personal or business letters. Letters Testamentary are official court orders signed, sealed and...
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