Recent content by incognito100

Thanks! @Taxing Matters We were given advice that in the event one of the three owners would need to go in a nursing home, the nursing home won't go after the property if in an LLC. Or at least they wouldn't win if they did. I was thinking if it was land held as an investment you could make an...

Pennsylvania

A brother, brother and sister own a farm property with a cabin on it. They started an LLC in 2020 but haven't transferred the land and cabin over to the LLC yet. The LLC was formed essentially only for liability purposes. There is some timber that can be harvested down the road, but nothing...

Thank you! That was what I thought (unfortunately).

I promise you, I have. I've read more than 6 articles and am just getting more confused. I do my own research and don't just post every question I have on the internet.

You'll have to forgive me on the improper terminology. Does that mean they all act as 1, then? The research I've done says about a quit claim deed for joint tenancy where it makes it sound like they can transfer their right (it says share) to the property at their wish, without the agreement...

PA If three siblings own a property (land) in Joint Tenancy with RS, can one of the siblings transfer their share of the property to someone else without either of the other two knowing.