The ALTA Endorsement 3.1-06, Zoning-Completed Structure, is designed for improved property and insures the zoning classification and authorized uses under that classification. This endorsement also insures against a final court order prohibiting the present structure, and requiring removal or alteration of the present structure, because of violation of the zoning ordinance as to area, width […]
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From the perspective of a trust lawyer, the tax treatment of a revocable living trust and an irrevocable living trust under the Internal Revenue Code (IRC) can be significantly different. A revocable living trust is generally disregarded as a separate entity for tax purposes, meaning that the grantor is still considered the owner of the […]