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.
How Do I Add My Adjacent Lots to an Existing Deed?
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.
Can A Prenuptial Agreement Be Nullified?
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.
If a Divorcing Couple Bought a House but Only One Spouse Signed, Must Both Pay the Mortgage?
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.
Will a Trustee Always Liquidate Property if I File Bankruptcy?
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.
Is Standard Legal BBB Accredited?
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.
Can I Name My Living Trust Anything I Want?
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 … Read more
Must I List Every Asset I Place into a Living Trust?
Standard Legal does not require that any asset be listed directly within the Trust documents in its legal forms software package.
Can I Help My Parents With a Pro Se Legal Filing?
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.
Is a Gift Tax or Grantor’s Tax Assessed When Funding a Trust?
Generally, there is no taxable event when property is transferred to a self-funded (revocable) Living Trust.
But a person creating a Trust should not take this response to mean that a specific situation is not the exception to this rule — especially if some “creative funding” is implemented.