You understand the need for title insurance to ensure that no liens, encumbrances or mistakes create issues with the title to the commercial real estate you want to purchase. However, R Street notes that it is common for residential and commercial real estate buyers...
Throughout the year and particularly at the end of the year, many wealthy households choose to write checks for friends and family members. Often, these gifts may be around $15,000 dollars per person. Gifting can be a crucial tool in estate planning, and it is easily...
No one knows when incapacity may strike. You could suffer a stroke or sustain a serious injury in a vehicle crash. Who will step in to manage your affairs? If you have powers of attorney for healthcare and finances, your trusted appointees will provide capable...
Whether your loved one recently passed away and you are unsure of how to approach tax matters or you are worried about the tax consequences of your own estate plan, you should have a clear understanding of relevant tax matters. From time requirements to tax rates,...
You hoped for favorable outcomes when you became a landlord in New York, but a recent issue forced you to question your decision. You have a tenant going through a rough financial patch, leaving the person unable to pay rent. What should you do? Learn how to navigate...
There are countless reasons people believe they don’t need to have an estate plan. Most commonly, they convince themselves that they are too young, too healthy, or not wealthy enough to warrant having end-of-life plans in place. On the contrary, few people wouldn’t...
Moving into a new house can be exciting. But if owners find substantial damages after the closing, it can turn the age-old American dream into a nightmare. That’s especially true if the seller doesn’t disclose any critical information during the purchasing process. If...
There are many times in life when you may need to be making changes to your estate planning documents. Expanding families, marriage, divorces, starting new businesses and moving to new states are just a few. An important opportunity for updating your estate plan...
The ultimate goal of your estate planning efforts may be to preserve as much of your assets as possible by limiting your liabilities. Ensuring the settlement of your debts and planning ahead for distribution that qualifies for available credits against taxes help...
The first part of a solid estate plan is a will. This document spells out your wishes and explains what you want to happen with your assets when you die. It provides a legal basis for the distribution of your assets during the probate process. If you die without a...
