The personal representative takes possession of the decedent property. The attorney represents the personal representative, not the beneficiaries...

Treatment of LLC distributions to partners having equal equity but different debt contributions.

Start by looking at your LLC Agreement/Operating Agreement. If the question is not answered there, then look to State law on liquidating...

For a solo medical practice will incorporation provide asset protection over and above the protections of malpractice insurance?

As a physician you will be responsible for your negligence whether in an entity or not and that should be covered by malpractice. The "protection"...

A person wants to buy the assets and the shares of a privately owned C corp. Are these two separate transactions?

You wouldn't purchase the assets and the company, you would purchase one or the other. If an unrelated purchaser purchases the assets, then the...

When a person buys a corporation does the depreciation on the assets start over?

Not if you purchase the ownership of the corporation (i.e. shares of stock).

CanI force a Subchapter S corporation to honor it's agreement to close and complete a purchase and sale as agreed

Look at your shareholder agreements. There might be something in there (or your state law) about if one shareholder dissents he or she can be...

Is there a statue of limitations from the time you file your IRS return and the IRS can say you owe them money??

Is this a personal return? Normally there is a 3 year statute of limitation from the later of (i) date of filing the return, or (ii) the date the...

Can someone act as Executor of an estate when no relating documents (like a will) are filed with public records or probate?

Wills can be change anytime prior to death. No one is an executor until after the person dies and the Will is admitted to probate. Look at court...

Is it uncommon for a person to make their lawyer or a lawyer the executor of their will?

No it's not. But the lawyer will disclose to you certain things, including the right to charge separate legal and personal representative fees....

Is it a good idea for asset protection to make a living trust the only member of an LLC?

Hopefully you sough the advice of an attorney in drafting your living trust. If so, speak with him or her. Recent case law involving single member...