If commercial property is placed in a living trust can suit be filed against that trust or the property itself?
John's answer
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Answered on March 07, 2010
The trust is the owner of the commercial property, so a suit to recover damages attributable to property would be brought against the trust. In any...
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Is a pour over will valid without an established trust? if it just refers to a trust?
John's answer
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Answered on March 07, 2010
If you are relying on the pour-over will, I infer that the 4 houses were never properly contributed or "funded" ino the revocable trust as they...
Archived
Can I claim as dependent?
John's answer
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Answered on March 07, 2010
Take a look at this publication from the IRS. He certainly is a qualifying child. The only test I have some question about is whether or not you...
Archived
Can i claim the shortsale as a loss
John's answer
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Answered on March 07, 2010
I'm a bit confused as to why you think you are realizing a loss on a short sale. Usually, it involves selling for less than the mortgage principal...
Archived
Scared for a close friend.....
John's answer
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Answered on March 07, 2010
It's not clear to me how the step-grandfather managed to dissipate the inheritance and whether he did so as his own property or in a fiduciary...
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I loaned someone $8000 dollars. How do I get it back?
John's answer
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Answered on March 07, 2010
Unfortunately, the MA limit on small claims actions is only $2K.
http://www.lawlib.state.ma.us/subject/about/smallclaims.html
You will have...
Archived
Preparing a "Will"
John's answer
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Answered on March 07, 2010
It sounds like your mother and sister are operating under the misperception that the sister can only receive an outright distribution under th...
Archived
Can I put my daughter & son-in-law on the tittle w/me - I wil be the only one on the mortgage
John's answer
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Answered on March 07, 2010
I concur with My colleague Mr. Fink's advice. If avoiding probate is worth the additional upfront expense of establishing a revocable trust based...
If the sheriff comes and takes your belongings out of the house. What happens to your belongings?
John's answer
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Answered on March 07, 2010
Te following is taken from the Whatcom County Sheriff's website. Since the laws are satewide, I would imagine the Clark County Sheriff follows...
Is it proper to adjust bequeathed assets for inflation?
John's answer
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Answered on March 07, 2010
An interesting discussion.
Certainly Mr. Hiersekorn is the only participant licensed to practice in CA, and if he took the questioner on as a...
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