One of the most important things that business partners can do is to create an official partnership agreement when they start their company. It’s often tempting to skip this step. Business partners may be close friends or even family members, and they trust each...
Month: July 2020
How personal debt can complicate the probate process
Probate court can be a frustration for the family members involved. The executor or personal representative of the estate needs to honor numerous responsibilities until they complete the probate process. Family members may have to wait months or sometimes longer than...
3 factors that may prolong or accelerate probate
When someone dies with a will, their heirs do not automatically assume ownership of the assets left to them. Well, at least in the eyes of the law. The deceased's estate must go through probate, the legal process of administering the estate, before assets are divided...
Can you get a mortgage modification if you’re behind on payments?
Yes, it is possible to get a loan modification on your mortgage – even if you are behind on your payments. A loan modification is a change to the terms of your existing mortgage loan to make it more affordable and manageable for you, particularly if you are facing...
Pitfalls of buying or selling a home on your own
The real estate market can be both exciting and daunting. Whether you’re a first-time homebuyer or considering selling your property, navigating the process on your own might seem appealing. However, it’s crucial to recognize that buying or selling on your own has a...
Having trouble finding good residential real estate inventory?
If you’re looking to purchase a home and it seems like there aren’t many options on the market wherever you’re hoping to put down roots, you’re not alone in your observations nor in your predicament. According to Realtor.com, there are 20 percent fewer residential...
2 signs that it may be time to update a New York estate plan
People frequently consider estate planning to be a difficult or stressful process, which means that procrastination in re: planning is very common. Even when someone overcomes the inertia preventing them from putting together estate planning paperwork, they might then...
Can you evict a tenant in New York?
Tenant eviction is one of the most sensitive matters for landlords. New York law gives tenants a lot of protection. As a landlord, you need to take care if you want to evict someone, otherwise, they may have grounds to take legal action against you. However, this does...
Important matters to consider for estate planning
An estate plan includes a will and other legal documents intended to protect your beneficiaries and property. There are important benefits to engaging in estate planning as soon as possible such as ensuring that beneficiaries have what they need and saving them the...
Can you sell a house while the estate is in probate?
Selling a house is often a stressful and complicated process, made more so when it comes to properties owned by estates in probate. During this period, the court oversees asset distribution, including real estate. Knowing what is involved in the probate process and...