Debts and Credit
How Should I Give A Loan to My Son to Avoid Tax Problems?
We are about to loan our son $5000 for a down payment on a property in Kingston, OH (Ross county) We want to use a promissory note for the loan. We don't want to charge him interest. We simply want him to pay us back in monthly payments of $100 until paid. I have read that this may present a problem with the IRS. Is there a way around this?
How Do I Know if A Debt Reduction Service is Reputable?
I have signed a 'docu-sign' agreement with a company called Elite Financial Services Inc. in Saugus, Massachusetts to negotiate my credit card debts because I am unable to pay in a timely way without being penalized. At first I had a pretty good feeling about Garrett Hooper and the Elite Financial Services, but then I read a few blogs and complaints on the internet and am wondering if I did the right thing under the circumstances. Is this a reputable company for debt reduction?
How Do I Garnish Wages After A Judgment I Won If I Do not Know the Work Address?
How to I file a lien or garnish someones pay for a judgment I won in Small Claims Court? He won't give me his work address?
What is the best means to payoff my mother's home and still protect my assets?
I need to know which form(s) are appropriate for the following situation: My aging mother owes $19,000 on a home loan at 9%. Home value $125,000. I can reduce her monthly expenses by refinancing her loan (which likely requires me to co-sign) to a lower rate or I pay off her loan and execute a secured loan agreement with her for bank loan balance, which would involve an amortization schedule. I trust that my mother will pay as long as she's able to pay (she's 77 and still works). If she's no longer able to pay, I would not demand payment, but would want to protect my secured interest if she dies or we're forced to sell her home in order to pay for her assisted living arrangements. The residual value of the proceeds of the sale of the home (net of her costs of care as long as she's alive, and net of my secured unpaid loan balance) would likely be split amongst her four sons, though she does not have a will (yet). I will also need to develop a will for her. I am a Phoenix resident. Her home is in Austin, TX (Travis County).
How can I protect my personal assets from a failing family business?
My family business is failing. I only own 15% of the stock. My parents do not want to give me an equal or controlling amount of stock. I am the President of our corporation. I know the IRS and collection efforts will come to me first. How do I protect my home and my family from these collection efforts? They have not started as of this writing and I am thinking of putting my home in my wife's or child's name. Is this logical or am I grasping for straws?