Archived
Looking to settle a judgment lien attached to my real estate. I need to close on the property soon. Can this be done fast?
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Answered on September 21, 2016
It is a little odd for the County to have a tax lien on your house for unpaid County taxes. But, if they have one, then you need to arrange with...
Archived
How do I get appointed as trustee of a will.
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Answered on September 14, 2016
Good idea. Why let the state keep the assets?
You use two words that seem to be inconsistent. A Will has a personal representative. A trust...
Archived
How should trust property (land) be placed into the name of a beneficiary of the trust and the trust with right of survivorship?
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Answered on September 13, 2016
This is simple. You just state in the trust what you stated in your question; just in more detail and in fuller sentences. The trust continues...
Archived
Can I sell my home on an owner carry contract with 2 mortgages on the property?
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Answered on September 12, 2016
Good thinking. You really do not want a house back you cannot sell or rent. So, do not do this. This is a train wreck waiting to happen.
Unless...
Archived
Estate Q
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Answered on September 09, 2016
Married couples often give each other things. They also own some things jointly. When the ownership is transferred to a trust sometimes these...
If we sell a rental property owned in an LLC, can we defer capital gain tax by leaving our share of the proceeds in the LLC?
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Answered on September 05, 2016
The simple answer is no. Unless you have elected to have the LLC taxed as a corporation under IRS rules (very unlikely), the income from the sale...
Archived
Can I be sued for not starting a business with someone?
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Answered on August 31, 2016
You need to be careful. You can create liability for yourself if you use any confidential information or work product produced by your intended...
Archived
Fiancé visa adjustment of status
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Answered on August 28, 2016
It would usually be way less expensive to just file the zero income tax returns for the past years. It also has the benefit of starting the...
Can someone with a life estate be evicted?
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Answered on August 22, 2016
There are well established ways to compel a life tenant to keep up the property or is she does not, the remainder interests can step in and do...
Archived
Do I need to pay "Gifting Tax" for a house transferred back into my name even though I purchased it?
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Answered on August 19, 2016
Unless your estate is more than $5.4 million ($10.8 with a spouse), it is not really a problem. Oregon does not have a state gift tax.
There is a...
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