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Trying to get second opinion. I am transferring llc
trying to get second opinion. I am transferring llc companies to my 18 year old granddaughter with real estate assets, value 1 million, I was told 2 things. I understand you can gift to granddaughter … read more
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Jessica B
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My mom has llc companies with real estate valued at 500,000
hi my mom has llc companies with real estate valued at 500,000 that she would like to pass to me but I cannot do that at this time as I am fighting a tax lien that is not mine. while I dispute lien ca… read more
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Barrister
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We have a situation where grandfather placed his condo in an
ok, we have a situation where grandfather placed his condo in an llc which is owned by a trust for his 5 grandchildren. ir the trust was created today and the grandchildren are underage, who owns the … read more
Richard
Richard
Owner
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My uncle who is Brazilian and lives in Brazil, has a vacation
My uncle who is Brazilian and lives in Brazil, has a vacation property in Nevada, which he owns by himself, free and clear. He is considering transferring this property to the LLC he has just formed. … read more
Attorney2020
Attorney2020
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Hey Dan, a question about irrevocable trust. Can it(trust) be the owner of a LLC? It mea
Hey Dan, a question about irrevocable trust. Can it(trust) be the owner of a LLC? It means, can I have an irrevocable trust and can the trust be the owner of a separate LLC? the type of LLC that can o… read more
RayAnswers
RayAnswers
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An Estate is held in Trust following our father's death. A
An Estate is held in Trust following our father's death. A single-member LLC is then established and owned by the Trust. The Trust is judged to be invalid, and the Estate is ordered to probate. By wil… read more
RayAnswers
RayAnswers
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If a form an LLC to own a real estate in US...( I ma not resident)
If a form an LLC to own a real estate in US...( I ma not resident) with my wife a doughters as members...what happen in caes of a member decease...in terms of probate and taxes?… read more
LegalGems
LegalGems
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I am co-personal representative of Dads estate. He had a
I am co-personal representative of Dad's estate. He had a Florida LLC which my Brother and I have continued to operate since his death in November 2011. We are now being told that there is a limitatio… read more
Roger
Roger
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My wife and I created an LLC that owned a Rental Real Estate
My wife and I created an LLC that owned a Rental Real Estate Property - we were 50/50 Members of LLC. Over time we gifted 100% of each of our Membership Interest to an Irrevocable Trust for each of ou… read more
lwpat
lwpat
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What is the best legal vehicle to protect assets under the
What is the best legal vehicle to protect assets under the following circumstance: 4 individuals (currently in 3 different states) who jointly own 60 acres in a 4th state. 2 of the individuals are par… read more
Loren
Loren
Attorney
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I have a saving bank account and an investment property, I
I have a saving bank account and an investment property, I want to know how can I protect my asset and also avoid probate when I pass away. I want to pass my assets to my sister if I die, so do I need… read more
Irwin Law
Irwin Law
Attorney
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I am a 80 year old, condo owner, resident of Florida. I also
I am a 80 year old, condo owner, resident of Florida. I also own property in MN & TX. My kids are getting excited, especially my oldest who is the executor of my will. She wants me to create a trust a… read more
Daniel P.
Daniel P.
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2,741 satisfied customers
Our mother just received a rather grim medical diagnosis.
Our mother just received a rather grim medical diagnosis. Up until now she has resisted doing and Estate Planning, but now has relented and will do whatever is best and that's where I'm stuck. I can d… read more
Daniel P.
Daniel P.
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Instead of transfer REs title to my living trust, can I transfer
Instead of transfer RE's title to my living trust, can I transfer my RE to my LLC's and list the LLC's on my asset summary sheet of my living trust and achieve firewall separation for asset protection… read more
lwpat
lwpat
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1. I am creating an Irrevocable Trust and Pour Over Will. Do
1. I am creating an Irrevocable Trust and Pour Over Will. Do I have to use my name as it appears on my birth certificate? I never (RARELY) use my middle name, I use the middle initial and would like p… read more
Loren
Loren
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My ex husband has passed away leaving our 2 children ages 16
My ex husband has passed away leaving our 2 children ages 16 &17. I have a stepdaughter who has taken it upon herself to handle things. She is not executor nor is there a will. The house is being empt… read more
Infolawyer
Infolawyer
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My husband and I live in Illinois. Second marriages for both,
My husband and I live in Illinois. Second marriages for both, each with children. We have bank accounts held in joint, and three pieces of real estate 1. Primary residence: Currently in my name (for r… read more
Ellen
Ellen
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Doctoral Degree
21,737 satisfied customers
I am on disability but I would like to have some ownership
I am on disability but I would like to have some ownership in a company. I have 4 adult children and I would like to form a trust so they would have ownership when the time comes. Is this possible? Wh… read more
dkennedy
dkennedy
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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