For most Revocable Living Trusts, a separate tax identification number — often called an Employer Identification Number (EIN) — is not required while the Grantor is alive.
Does Standard Legal Offer a Post-Marital Agreement?
Is the creation of an asset agreement after marriage covering the assets of the parties in that marriage a possibility?
What if My Will Must Have Multiple Residual Beneficiaries?
Standard Legal prepares its Last Will & Testament documents to meet the most common needs of our customers. A situation with multiple Residual Beneficiaries is a bit different than many or most.
Why Are No Successors Named in Your Power of Attorney Documents?
Standard Legal does not offer a “successor Attorney-in-Fact” in its Power of Attorney legal documents because experience has shown that such a structure can often create confusion or lead to delays at an inopportune time.
What Steps are Required after Final Payment on a Land Contract?
There are several specific steps a Buyer and Seller must take after the final payment is made on a Land Contract to complete the ownership transfer process.
Should a Trust Get an EIN?
In most cases, a Revocable Living Trust does not need a federal Employer Identification Number (EIN) for tax or any other purposes — at least while the Grantor is still alive.
Is a Will from Another Country Valid in the USA?
A Last Will and Testament executed in another country for assets located in the USA is generally treated as valid and binding. Some caveats exist, however.
Can an LLC Own Other Companies?
Can a Limited Liability Company own other companies, i.e. be set up as what people often call a “holding company”?
What Are the Steps to Adding a Regulated Item to a Gun Trust?
Because the ATF needs to provide approval to add NFA-regulated items into a Gun Trust, there is a three-step process that must be completed in a singular order.
If My Name is on the Deed But Not the Mortgage, Am I Financially Responsible?
If a person’s name appears on the Deed of a property but not on the Mortgage against that property, there is the potential for financial loss — but not responsibility.