Ask Standard Legal: Law Questions & Answers for FREE

The use of ‘Inc.’ or ‘Incorporated’ within the business name for a limited liability company would be inappropriate in almost all states, and in most cases would prevent the filing of the LLC documents from being accepted by the secretary of state. [ Read More… →]

Personal income tax issues will not be imputed to the LLC itself in most instances. But any collection activity against a member of an LLC for tax matters could affect that member’s ownership rights. [ Read More… →]

Yes, an original Will document that is properly signed and notarized would still be legal and valid — but would probably not properly provide for the gifts that you would list to pass upon your death. [ Read More… →]

Many people purchase a home through a Land Contract from their parents. But the sale of a home to one child via land contract should also include some good estate planning via a Will or Trust — especially if there are other siblings involved. [ Read More… →]

Most land contracts allow the current owner to retain title to the property until such time as the purchase price in the contract has been fully paid. As such, creditors most likely will not have a right to pursue a home purchased under a Land Contract, as the “buyer” in a land contract is not the titled owner until all payments are made. [ Read More… →]

The schedule used for delinquent real estate property taxes due to a city or county depends upon the status of the property. [ Read More… →]

Standard Legal suggest that it is best to provide “more information” vs. “not enough information” on the Chapter 7 Bankruptcy schedules. [ Read More… →]

Any of Standard Legal’s Quitclaim Deeds will accomplish the transfer of real estate property from a Trust to an individual. [ Read More… →]

Under most state’s laws, a party is permitted to “disclaim” any interest or assets that are attempted to be passed through a Last Will & Testament. When one disclaims property that is being passed through a Will, he or she is renouncing his or her interest in that property in total. [ Read More… →]

For the most part, a Last Will & Testament would not necessarily be rendered invalid if there was no date on the document. [ Read More… →]

If the heirs of a Trust believe that the Trustee is not fulfilling his or her duty as trustee, they can initiate a lawsuit in the appropriate court to compel or require that the trustee fulfill that fiduciary duty. [ Read More… →]

Within Form B8 of the Bankruptcy filing, in the ‘describe property securing debt’ field, list one creditor under property #1 and the second creditor under property #2. [ Read More… →]

If you wish to create one large lot by combining a number of adjacent lots owned, you must have the areas re-platted by a surveyor and then approved by the municipality in which the property is located. [ Read More… →]

Like any other contract, the parties in a Premarital Agreement can mutually agree to terminate the agreement. But the terms cannot be nullified by just one of the parties to the contract without valid legal grounds. [ Read More… →]

The laws of most states follow that only those who sign a mortgage note are obligated to make payments on it.

But this is not to suggest that the court might not apply different or varying obligations on the parties should a divorce action be filed — especially if there is a disagreement between the parties on the subject. [ Read More… →]

Any real property owned by a debtor is subject to liquidation by the Trustee in a Chapter 7 Bankruptcy case. But the Trustee will liquidate the property (i.e. sell it and use the proceeds to pay creditors) only if there is equity in the property that can be turned to cash for the creditors. [ Read More… →]

The BBB requires businesses to pay them a significant fee to be “rated” in their directory and to use their logo on a company website.

We won’t purchase that type of “credibility” from anyone.  [ Read More… →]

Standard Legal’s Living Trust legal forms software allows the donor to name the Trust whatever he or she cares to name it. (In the vast majority of cases, the name of the donor is the name of the trust, but there is no requirement that the donor’s name be used.)

Get complete details on Standard Legal’s Living Trust legal forms software here.

Standard Legal does not require that any asset be listed directly within the Trust documents in its legal forms software package. [ Read More… →]

You can “help” your parents with a pro se filing — but you cannot “do it for them”. Only individuals who are licensed attorneys are permitted to prepare and file pleadings and other documents with a court on behalf of others. [ Read More… →]