Many New York residents include durable powers of attorney in their estate plans to ensure that important medical and financial decisions will be made by a trusted and responsible individual if they become incapacitated or otherwise need help. Drafting these documents...
White Plains, New York Legal Blog
Obstacles that may prevent or delay a new home closing
Real estate transactions can contain a minefield of possible deal-killing obstacles. The clock starts ticking from the moment both parties sign the purchase contract, and then the complicated business of selling and buying a home in New York begins. Home inspections...
How can you talk to your family about your estate plan in New York?
Estate planning is one of the most important ways to protect your family and your assets. Unfortunately, it is also one of the most difficult conversations to have with your loved ones. Thankfully, there are certain ways that you can make this conversation easier for...
Tips for talking with your parents about estate planning
Speaking to your New York loved ones about their estate plan is difficult but essential. As challenging as it is, the day will come when parents are no longer there or aren't able to communicate their desires. Missing out on this conversation causes stress and...
How to plan your estate: a checklist
There are a lot of issues to consider in planning an estate properly for when you're gone. The following is a checklist to help you start thinking about the answers you need for proper estate planning in New York. The most important things to remember when planning...
The pros and cons of seller financing
Seller financing occurs in a real estate transaction when the property owner functions as a mortgage lender. Continue reading to learn about the benefits and drawbacks to the seller and buyer participating in this type of financial arrangement in New York. Pros Seller...
What are beneficiaries in estate documents?
Naming beneficiaries is an integral part of creating your estate plan in New York. Determining who will receive your assets after your passing will give you peace of mind. Choosing your beneficiaries takes considerable thought. Here are factors you should way when...
What is joint tenancy in commercial real estate and why use it?
Owning real estate in New York can be rewarding. Many people own commercial real estate with another person. This is known as joint tenancy. What is joint tenancy and why might it be used for commercial property ownership? Joint tenancy means that more than one person...
Three essential conditions to have in your real estate contract
New York has many amazing homes for sale. However, in most cases, you'll need to sign a real estate contract before a new home is yours. Before you sign this important document, it's good to know about a real estate contract's conditions and to thoroughly understand...
How to obtain a favorable real estate purchase
Buying a commercial property in New York may be an ideal way to increase your net worth while also diversifying your investment portfolio. In some cases, it may be possible to rent to both commercial and residential tenants at the same time. Of course, it will be...