Purchasing property often involves subsequent procedures necessary to ensure the sale goes through without legal or financial issues. These steps can also help detect problems with the property that may not be visible immediately, such as title defects. When a title...
Year: 2023
When should you appoint a power of attorney?
Your journey through life is a series of wins and losses. Through these ups and downs, you gather not just invaluable experiences and lessons that are uniquely yours, but tangible wealth as well. However, there can be situations where you might suddenly find yourself...
Why is it better to be represented by a buyer’s agent?
Property buyers are naturally motivated to maximize their investment and get the best possible exchange in real estate transactions. But for first-time buyers, the intricacies of closing a deal may not be as straightforward. Without proper guidance and representation,...
Does your estate plan need a trust?
People who anticipate their passing may want to try and make it easier on their friends and relatives. An estate plan can help detail how a testator wishes their assets were distributed after their death. The main legal document in an estate plan is a will, which...
Do you need title insurance?
Whether buying a new home or a commercial property, you should consider among the requirements to close the deal title insurance. It is virtually always a prerequisite when seeking funding to purchase the property. You need both "fee" title insurance to protect...
Should you challenge a will?
A will is a legal document that instructs a testator’s last wishes. Testators include the names of their beneficiaries, amount or percentages of their assets for distribution and appoint executors in their wills. When the testator passes away, the executor is...
When should you change your executor?
Your executor plays an integral part in your estate plan, as they will carry out all the wishes you lay down. But your chosen party may not assume their duties - you may need to choose another person later. When should you change your executor? Your executor...
What costs can a landlord add to a commercial space’s base rent?
Renting a commercial space is essential to starting a business, especially if your operations involve receiving clients for your products or services. As a business owner, examining the commercial lease thoroughly to understand the rent costs is vital. Your agreement...
Overcoming family dynamics when creating an estate plan
Disagreements and conflicts between family members aren't uncommon. However, it can make it harder to decide who should get your New York home or who should serve as the executor of your estate. It may be possible to navigate family dynamics as they relate to your...
When should I update my estate plans?
When was the last time you looked at your estate plans? It’s likely been some time. Estate planning is a lifelong process, so there are times when you really do need to revisit your estate plans and make some changes. One of the most common reasons people update their...