Bertie Lench
Rental from a closely held LLC
My wife's family farm which includes 320 acres and two houses has been placed in an LLC. My wife is a 1/6 shareholder, her sisters each hold 1/6 and her aunt 3/6. If my wife and I were to rent one of the houses at mar...
Drew L.
Buying Second Home, Owner Finance, Medicaid, Tax Implications
I am buying a vacation cabin from an elderly family friend, no relation. I have questions how to structure the deal. The lady I'm buying from does not have much income, retired teacher and they made some choices ear...
Nick Seginowich
Both owners have died and the daughter wants to sell, can she?
I got a call from a lady whose parents have died and left her the house, but there's no will and she has no idea what to do. We've already agreed on a price plus I'll pay all the back taxed and current liens, but I do...
Renee Thomas
Should I put my college daughter on the lease of my property
I own an apartment building as an LLC - one unit is 6 bedrooms and one unit is 5 bedrooms. My college daughter will be living in one of the units with four other roommates. She will live there 3 years. We intend to ke...
Ski Zawaski
Daughters name is on property deed but not on trailer house title
If I died and my daughter takes my property over, what about the trailer house that does not have her name on it, but only my name. What happens then??? Does she own the trailer? I have no will of any kind.Thank you!
Michael Plaks
Another hog slaughtered by the Tax Court - are you the next one?
You know that pigs gets fat while hogs get slaughtered. The Tax Court once again illustrated this cliché in its recent decision in the Harrison v. Commissioner case (T.C. Summary Opinion 2022-6).
Nicole Harrison was ...
Michael Terry
50 year old step-daughter and kids need a place to live.
My wife's daughter (50) and her two daughter's (20 & 21) are living with us in a two bedroom apartment. The landlord has become aware and wants the "guests" added to the lease if they qualify. They don't and will ...
Crencenthia Brown
Daughter buying her 1st home w/ VA need help with closing cost
My daughter is buying her 1st home and she using her VA loan. Her issue is closing cost. I'm trying to find program that maybe able to help her . Thanks for the advice 💜💚
Vincent Marzullo
How to Determine profit splits on a rental
I’m a newbie I don’t have any investment properties I’m looking to buy a Duplex I will put the money down to get the loan and rent half to my daughter and rent the other half to whomever my question is I would like to...
Tracy R.
Probate question in state of Virginia
Not sure if probate procedures are the same for every state, but I could use some advice for the state of Virginia from any probate lawyers out there - or anyone w experience in probate in VA.Background:I found an aba...