Commercial leases are significantly different than residential leases. They last for longer and typically cost far more. They also include an assortment of costs and fees that people usually don't need to cover when they sign residential leases. Those renting retail...
Month: July 2020
4 estate planning myths
There’s a lot to know when estate planning. Unfortunately, it’s easy to be confused by information spread online. To help avoid mistakes, it can help to learn the truth about a few common estate planning myths: Myth 1: Heirs and beneficiaries are the same thing Fact:...
3 important considerations when selling a business
Some people start businesses with the specific intention of eventually selling them. Others decide that they would like to start a new endeavor or receive offers that they believe are too lucrative to ignore. Regardless of why someone decides to sell their business,...
Why do some perform estate planning tasks during the holidays?
The end-of-year holiday season brings families together to share their hopes and dreams of the future. It is a time of joy and togetherness that most remember fondly until the next family celebration. You may not realize this, but the holidays are an ideal time to...
Can you spot a home with bad neighbors before you buy?
No one wants to move into a new home and then find out their neighbors are nothing but trouble. Unless the seller has filed police reports, been engaged in litigation or gone to the homeowners’ association (HOA) regarding the troublesome neighbors, they can likely get...
Can you put digital purchases in an estate plan?
As technology continues to develop, more and more people acquire digital assets. For instance, someone in the 1980s may have had a massive collection of cassette tapes, records or video tapes. Someone in the 1990s may have had a collection of CDs and DVDs. But today,...
What happens when you die without a living will?
Before delving into what transpires when you pass away without a living will, it's essential to understand the significance of this legal document. A living will, also known as an advance healthcare directive, is a key tool for expressing your medical preferences when...
What to discuss in a business partnership agreement
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...
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...