Recent content by boblink

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    Support Trust

    Hello, I have a question about a Support Trust that I would appreciate help with. I would like to set-up a support trust for someone who is a Successor Trustee and wanted to know how to handle this in the event that they become the "next in line" Successor Trustee since they will have sole...
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    Corporate Law How to categorize "transfers" to a LP

    The primary objective of this "arrangement" is for assets protection (liability purposes) and for estate planning purposes (avoiding probate): An "S" Corporation* (2,000 shares issued) Owners Shares Percent My Living Trust 990...
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    Revocable or Irrevocable LIVING TRUST?

    Hi, an Estate Planning attorney put together several documents for me including a Living Trust, unfortunately he did not explain anything and I have not seen or spoken to him after he collected his fees. I thought that this was an Irrevocable Living Trust but after reading it and doing a little...
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    Corporate Law Tax Categories for an S-Corporation, Limited Partnership and Living Trusts

    Hi, an attorney created an S-Corporation, a Limited Partnership and a Living Trusts for myself as well as a Living Trust for my wife, primarily for liability and estate purposes. My Living Trust owns 49% of the S-Corp, my wife’s Living Trust owns 49% of the S-Corp, and the remaining 2% of...
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    Corporate Law Limited Partnersgip

    Hi, I formed a Limited Partnership which I am a 99.5% partner (owner) and would appreciate help in how to set up some of the accounts. When the Partnership was formed/created, it had no funds so I used my personal funds to pay for fees/expenses and plan to "repay" myself these fees and expenses...
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