Articles by Chet Greenspan as they appeared in his column, "Ask the Lawyer," in Sonny Bloch's Action Line Newsletter, from July 1993 - May 1995.

I received this question from B.R., of Richmond Hill, N.Y., who wrote:

Please tell me what Estate Planning is for!

I received this question from R.J.G., in Sarasota, Florida, who recently wrote and asked:

I have a small business and was wondering if Estate Planning would help to protect it upon my death. What are your thoughts?

I received this question from L.F., of Glen Cove, N.Y., who wrote:

My husband and I are in our thirties. Is Estate Planning for us?

I was asked this question by M.C., of Kansas City, MO.:

My mother is asking how she can gift her house away while retaining the right to live there. May this be done?

I was asked this question by D.F., of Van Nuys, CA.:

Can I assure my wishes will be followed, about termination of medical treatment, if there is no way of saving me?

F. C., of Bensonhurst, N.Y., wrote with this question:

I've heard about a company which acts like a partnership, with income and expenses taxable only to the individual partners, and which also acts like a corporation by limiting personal liability. It's called a limited liability company ("LLC"). I know you usually talk about estate planning but would you please tell me how this company works?

R.J.S., of Bayside, N.Y., asked me this question:

My wife and I receive our only income, besides Social Security, from the positive cash flow of our $2,000,000 rental property, owned Jointly. The building has no mortgage and is almost fully depreciated. We have no other savings. We have no life insurance and our son says this may be a good way for us to protect the building for our children's long term security. He says he will pay for it. Is this a good idea?