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It’s very common for people to start thinking about estate planning when they have their first child. Naturally, even people who aren’t parents can certainly benefit from an estate plan. But having a child makes them think about it in a different light, because this...
There’s a lot of confusion around Social Security retirement benefits – and considerable misinformation – in American society. If you have questions, you’re not alone. If you’re preparing to put your estate plan in place, it’s important to know who in your life may be...
When taking on a real estate project, legal due diligence is a crucial early step. It helps developers avoid costly surprises and helps ensure the project’s success. Without thorough due diligence, the risks associated with the project increase. You could be subject...
Once you find the perfect property that checks all the boxes on your list, you may be ready to move forward full speed with making the offer and hopefully closing on the property. Before you get to closing day, you must do due diligence on the property. As you’re...
You can give one or more people power of attorney as part of your estate plan. As a minimum, you want someone to take care of health care decisions and someone to take care of financial and legal matters, although they could be the same person. Many people choose...
The title might have read, “Can you fight city hall?”. That’s because you’re trying to prevent the government from taking your real estate. While it may seem futile to go up against the government, it can be done. You just need to know some of the specific guidelines....
People who are creating an estate plan must ensure that they consider every option for getting their assets to their loved ones. While most people focus on wills, trusts shouldn’t be left out of the possibilities. When you’re looking into trusts, you’ll notice that...
Investing in real estate can be a rewarding undertaking, especially when it comes to developing commercial properties that can generate substantial long-term returns. However, commercial real estate development has its fair share of challenges that developers must...
There is a misconception that when a person dies, all their assets are immediately divided among the heirs named in the will. This is far from the truth. Instead, the estate passes into probate, the legal process of managing the assets. Depending on the size and...
Whether you’re in the Boomer generation, Gen X or that in-between Generation Jones (people who grew up in the 1960s and 70s, you may have a healthy amount of assets to include in your estate plan. Some may be assets you’ve worked hard for. Some may have been handed...