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This question is Maverick: in continuation to my previous
This question is for Attorney Maverick: in continuation to my previous question, I would like to know until we do the S corporation, how is the situation treated in general legal terms, I mean the 18% and 82%. if no S corp. for example, and just closing is done with the two signatures, does it mean it is automatically considered for taxes as 50-50 ownership? how is it considered in the situation when no S-corp. or other paper work is done, and just title is signed off by both with those % from each?I would like to know how its all treated in general sense.
I live in Massachusetts and was a victim of a violent crime.
I live in Massachusetts and was a victim of a violent crime. The defendant spent 5 years in the House of Correction for attempted murder. Restitution was ordered by the judge of $273,000.00 for lost wages. He has been out of jail for 6 years and has been paying very small monthly payments under the supervision of the Probation Department. The Probation Department's supervision is due to end within two years and i would like to ensure that payments are made after his probation ends. The defendant just bought a house that has a small amount equity in it. Can I convert the judgement into a Civil judgement? Can I use the judgement order to put a lien on his house? If so, which would be most successful in ensuring that I get the money that is owed me?
My husband and I on July 7, 1993 gave my son and daughter in
My husband and I on July 7, 1993 gave my son and daughter in law $20,000 in order to purchase a home for their family. We have a written signed agreement. The agreement went on to say if there was a family disruption such as a divorce, repayment must be made. They divorced in 2010. My son paid back $10,000. Daughter who has the house did not. We put a lien on the house in 2011. Yesterday I received a certified letter stating from the daughter in law "the lien you placed on my home may no longer be enforced under the doctrine of limitation of actions. A quiet title and slander of the action will be started if the lien isn't released with 10 business days.What can I do?The word gift is in the agreement...but the gift was the immediate sum of money and no interest.....
My wife co-signed daughters car. In return my daughter
My wife co-signed for my daughters car. In return my daughter friend blow the motor up in the car and the repo it. My wife is now being sued, but the documents have my wife as the buyer instead of the co-buyer. The lawyer switched the names on the documents; is that legal in Texas?
A father and son are buying an investment home, with $155k
Hi, a father and son are buying an investment home, with $155k down payment, $28k of which son is giving during closing. and he is not in the loan, he is just in the title. I would like to know in terms of IRS and other requirements any paperwork we need to do in this situation? I was thinking, instead of involving gifting to son, we could consider that he has ownership of only 28k/155k=18.6% at the moment, until he is able to pay off half of 155k gradually, to make it a 50-50 ownership. In this situation do we have to do paperwork to indicate the % of ownership. He wants to eventually pay half of down payment and be a 50% owner. We just want to make sure we are not missing on any paper work and legal aspects of this transaction. and if we need to still do anything in terms of gift paper work etc. Thanks,
A resident of Pennsylvania with a car registered in the
A resident of Pennsylvania with a car registered in the state of Pennsylvania wants to give his car as a gift to his brother who resides and is a resident of the state of NY.Concerning the NY state form DTF-802 (pictured), how does he go about "Section 5" requirements? Is it left blank or must the "purchaser" sign even though it was a gift? What information is needed to be filled?For "Section 6", does the "seller" write zero for cash payment received?On the actual Pennsylvania title, should the "purchase price" be listed as zero or is it fine to leave it blank?Finally, is there any benefit of just selling it to him for $1.00 instead?
My husband passed away on April 15, 2016. Have not receivedView more legal questions
My husband passed away on April 15, 2016. Have not received any word from social security. My name is***** 12-25-1951, social###-##-#### ***** husband's name Edward Le***** *****, 03-02-1942, ssn.###-##-#### ***** hope you can help me. I was told I would get his money and you would keep mine. Not sure what to do please help me. Thank-you