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I would like to gift free & clear condo to my son, who has unpaid debt to the bank . He has no savings or real estate
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Answered on January 14, 2014
Yes, it could be. However, by using an irrevocable trust this threat can be eliminated. I strongly recommend speaking with a lawyer knowleagable of...
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Any way to nullify a living trust and change terms of will?
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Answered on January 06, 2014
This is a bit hard to answer with limited facts, but generally speaking, yes, your friend should be able to revoke or amend the trust. Encourage...
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I inherited a house in Hawaii - my mother basically forced me to give it to her by pressuring me and having me sign off on it.
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Answered on January 04, 2014
Yes, you absolutely have a case. There are several legal theories that may be argued (depending on more specific facts). However, be advised that...
Do i need to report a cash inheritance as income on my income tax return??
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Answered on January 03, 2014
No, you do not. Inheritance is not income.
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I live in Oregon and my Grandparents left me 25,000 - According to my Dad, I will not have to pay taxes on this , is that true?
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Answered on December 17, 2013
Your father is correct. Your inheritance is not subject to estate tax or income tax (you get to keep all $25,000).
I own a LLC, and an Attorney is trying to place a wage garnish on me, can they do that when you own an LLC.
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Answered on December 13, 2013
It is hard to comment with only limited factual information, but generally, garnishment is meant to apply to wages only. Garnishment law is...
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In California should dollar amount be in the will
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Answered on December 11, 2013
Step 1: Don't sign anything. Step 2: Find a good lawyer.
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Is a trust drawn up by an Arizona licensed attorney still good now that we have permanently moved to Oregon??
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Answered on November 18, 2013
Yes, but it will likely be interpreted according to Arizona law. This isn't necessarily a bad thing, just something to think about. Concerning on...
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How much the gift tax , if I give my son a house worthy 280k$. This is the first gift I do in my life over 10k$ .
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Answered on November 18, 2013
The other lawyers have all made accurate and valid points. One more fact is needed, however: I'm assuming you are currently in Portland (because...
Living Trust through LegalZoom
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Answered on November 18, 2013
I agree with Ms. Patton, and would like to add one thing. I recently had clients in my office that had purchased simple wills through one of those...
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