Not moving by the scheduled closing date is not really an option; the seller is going to have to figure out a way to move, as the consequences of not moving by the scheduled closing date can be rather severe. First and foremost, a buyer can hold the seller in breach of contract, and would have numerous remedies available to ...
We handle the buying and selling of residential and commercial real estate, industrial, farming, vacant land, new construction, and commercial leasing.
Assets can be protected from potential incapacity in two primary ways: with a living trust, and with a durable power of attorney. Protecting assets is really about effectively managing a person’s assets once they are no longer able to manage the assets themselves due to some sort of cognitive impairment.
Every law firm handles real estate closings differently, but I’d like to think our firm handles them in the best way. We don’t permit our sellers to attend closings; we have them pre-sign all of the documentation and provide us with a power of attorney to attend the closing.
A special needs trust is for a person with some sort of special need or disability, and it supplements any government benefit the special needs person has. The trust supplements the money that the person is receiving through government programs such as Social Security.
Trust administration varies in complexity based on the complexity of the estate. For estates with a net worth between $750,000 and about $3.5 million, trust administration tends to be rather simple.
If you’re a first time home buyer, it is a really good idea to consult with a lawyer and review the entire process. This includes everything from looking for a home to deciding when to apply for your loan.
With summer vacation time upon us, even with our Covid-19 world, many people are hitting the road or jumping on a plane.
Most successor trustee's of living trusts are acting on the behalf of the remaining beneficiaries. The trustee is the person appointed by the decent to make all the decisions required to manage the assets of a trust. The beneficiaries are the people who are entitled to the assets in the trust.
With all the talk in Washington about Healthcare reform, I started thinking about what practical things we could do to ensure that we are protecting ourselves and the ones we love. It seems that we all put off the need to prepare or update our will or trust.
