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I represented a trust in a real estate transaction and the house is now sold and closed...there were 6 heirs...I dealt with the
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Answered on December 03, 2019
The trustee of the trust is in charge of the trust. Do you know who that is? He or she would have had to sign for the trust to sell the...
Archived
When a partner is spending all the money gambling it away and the partnership profits are shown for the prev. year but its gone?
James's answer
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Answered on November 09, 2019
Yes, as long as the partnership agreement allocates income according to ownership the income comes to the partner regardless of how much cash they...
Archived
Can my neighbor of lower property elevation divert property runoff in her yard back to my property
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James's answer
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Answered on October 22, 2019
I agree with my colleague. The law is on your side. You can make a demand to your neighbor and if, she does not stop, sue her and get a court...
Trying to remove deceased spouse from Deed in Multnomah County. Clerk said file for a "Change of Ownership" & "New Deed." HOW?
James's answer
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Answered on October 21, 2019
Good news for you. It is not really necessary to file anything. Under Oregon law, the surviving spouse of a tenancy by the entirety...
Archived
Can I save estate tax by adding my child into LLCs for multi family rental property ?
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Answered on September 25, 2019
It depends what you mean by "add" your daughter. And what you mean by the estate tax. If you live in a state with a state estate tax like Oregon...
Archived
How does a married couple change ownership in their real property from tenancy in the entirety to tenancy in common?
James's answer
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Answered on September 17, 2019
This is done by a Deed. Caveat: usually this is a very bad idea. Do not even consider it without consulting an attorney.
I am non profit club treasurer. We have 2 party check signatures. The second signer just signs blank checks. Is he still liable?
James's answer
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Answered on September 15, 2019
Wait, what? Are you asking if someone who signs blank checks liable? Yes, it is amazingly risky to sign blank checks. You create pieces of paper...
Can my father have me removed from the title deed of his house without my consent?
James's answer
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Answered on September 07, 2019
no, he cannot remove you without your consent and signature on the Deed. Monitor it carefully. This is an area where forged signatures are...
Can I take over an expired DBA name, without putting the company at risk of potential legal issues incurred by the last owner?
James's answer
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Answered on August 27, 2019
You are right to be concerned. when you take over an existing business you can incur successor liability. It is most often asserted by taxing...
Archived
Rent to own property
James's answer
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Answered on August 27, 2019
Go directly to an attorney with your documents, now. today. Something is very wrong. It is essential that a knowledgeable person review your...