Own 2 homes in oregon which neither are paid off. Want my only son to get them when I die. What do I do to ensure this.
James's answer
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Answered on January 19, 2022
The best thing you can do is put them in a trust. It saves the most money and assures that you can change your mind if you need or want to.
You...
Can I assume full rights to property (undeveloped land, no structure) in a divorce if I pay off delinquent taxes?
James's answer
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Answered on January 15, 2022
This is really a divorce question. Tax and property law come into it; but, the answer is governed by divorce.
How do i refinance my home if there a lien from my spouse buisness taxes?
James's answer
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Answered on December 02, 2021
You will have to pay the back taxes to remove the lien. I expect this is a federal tax lien; although it could be the Oregon Dept of Revenue or...
Am I required to sign an addendum stating that I give up my rights to my deposit?
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Answered on December 01, 2021
Oregon landlord tenant law is amazingly convoluted. In the name of protecting tenants all kinds of surprising things are in the law.
To my...
Can my mom avoid oregon estate taxes if she uses assets to buy into my business?
James's answer
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Answered on November 25, 2021
Thanks for your question. Your mother can reduce her estate by transferring ownership of her assets to someone else before she dies. She can...
How do I remove myself from a trust unbeknownst to me I was named a beneficiary of?
James's answer
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Answered on November 03, 2021
The transfer from the trust to you is a gift. You can just refuse it anytime it is offered to you. If you are sure you don't want it, you can...
What do I do mom died with no will what happens to house she lived in and where I live??
James's answer
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Answered on November 01, 2021
First, look at the last Deed into your Mom. or any that she has signed since. Did she name a person to own the property after she died?
If not,...
I am trustee. I used my inheritance to buy a house from trust. How do I change the deed?
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Answered on October 28, 2021
Hi,
I am confused by your verb tenses. Does the Trust still exist? Does it file 1041 income tax returns each year?
Are you the only...
Can I choose not to receive an agreed short term compensation deferral w/out tax consequences?
James's answer
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Answered on October 27, 2021
Thanks for your question.
it you and your former employer agree to a lower compensation, then it does not have income tax consequences to you...
Dad died intestate in Feb; now its Nov. We have no probate estate yet, but IRS 9mo tax deadline is in 2wks, out of time. Advice?
James's answer
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Answered on October 21, 2021
If your Dad only had children with your Mother, then she was his only heir. His entire estate would go her. It should qualify for the US and...