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56 power of attorney Form: What You Should Know

The notice to the IRS of the tax matter and of the certification in Form 56 is not an admission of any fact or liability. It is not a statement of opinion or qualification concerning any liability. An attorney's notice in a fiduciary relationship is not sufficient to authorize a party to the fiduciary relationship to accept a particular course of action. Example 1: Bob and Jane are married and own the rental property, “A” and “B”, at “Site B.” The property “Site B” has been vacant for six months. The couple has begun negotiating plans to sell Site B. On April 13, 2015, “A” is ready for sale. On May 5, 2015, “A” is ready for the couple to make an offer for Site B. The couple begins the sale negotiations on May 9, 2015. The next day, Bob notices, with the cooperation of Jane, that Jane intends to sell some portion of “A” to “Site B” that day. As the sale of several blocks of the property would reduce the cash flow to the couple, Bob initiates a qualified sale agreement on May 10. After making good faith efforts to sell “A” to “Site B” and in compliance with the contract terms, “A” is sold to “Site B” for 500,000. Bob and Jane's fiduciary relationship is terminated as a result of Bob selling “A” to “Site B.” The couple is in full compliance with all fiduciary obligations and, as a result, a qualified settlement agreement has been entered into. Example 2: The couple has owned the rental property, “A” (“Site A”) for twelve years. The property is deteriorating and deteriorating rapidly. The couple is in violation of the lease agreement and the terms of the lease as well. Jane and her former husband have moved out, leaving the property vacant with no tenants. Jane is a registered nurse and, with her son and daughter-in-law, has been managing business operations of the couple. Jane has entered into a qualified settlement agreement with the couple whereby she and her son, and her daughter-in-law, are to pay the couple 300,000 for use of the rental property, “A.

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