Can I sell my house to my child for a $1?

A reassessment of the property taxes may be avoided by filing a form with the county called a "Preliminary Change of Ownership" where in a...

How to transfer prop. to a son w/out him being taxed?

Transferring the home is done with a deed. There will be no taxes as a result of the transfer. Son will get a bill for the property taxes. A...

What does an executor of a will/trust do when he or she cannot find someone that is listed in the will/trust?

Being named as executor in a Will does not make a person the executor. Executors exist when assets are probated in court, and executors may only be...

What is the nexus of profits made from off shore work?

I should add that dividens received by California shareholders are California taxable to the shareholders.

How can I get past the curfew law in my city

Taking responsibility for minors is no small issue. This means the minors are under your control, and not free to leave your supervision unless...

How can I get past the curfew law in my city

Taking responsibility for minors is no small issue. This means the minors are under your control, and not free to leave your supervision unless...

A Trustee dies of a trust which is a member of the LLC. Do we have to do anything?

The LLC should record the name and address of the new trustee. If the deceased trustee was the settlor of the trust, and the trust is now...

What is the nexus of profits made from off shore work?

I understand the facts to be as follows: -Two California residents formed a corporation in Hong Kong. -The two California residents own the stock...

Selected as the best answer

I agree with the above answer. You change bene's by following the terms of the trust. If the trust is silent on how to do it, but does allow you to...

California joint checking acct with Survivorship

You should be able to find an attorney to do this on a contingency, something like 20% if it ends quickly, then 35 and finally 50% if it take some...