Are you an investor looking to expand your real estate portfolio, or perhaps someone wanting to acquire residential property to rent out for extra income? You probably believe you can perform your own due diligence to avoid getting stuck with a lemon but consider...
Month: August 2020
Inherited a house with a sibling? Here’s what you can do
You always assumed that your parents would order the family home to be sold after their death and the profits divided, so you were surprised to find out that they left it to you and your two siblings in equal shares. The only problem is that you and your brethren may...
What is an exit clause in commercial real estate?
When someone is leasing out commercial real estate, they will create a contract for both parties to sign. This stipulates the terms of the lease and what is expected from either individual. It can help to define exactly what costs and obligations each side has, for...
Will estate taxes reduce what your loved ones inherit?
A lifetime of hard work, self-denial and careful investing will lead to financial security for you later in life. It will also put you in a position to leave a meaningful legacy for your children and grandchildren. You might also want to leave money to a non-profit...
What happens if you’re incapacitated?
Your estate plan should include instructions about what you want to happen to your assets when you pass away. There’s another aspect of this planning that has to do with what happens if you become incapacitated. When you can’t make decisions for yourself, someone has...
3 estate planning considerations with divorce
Going through a divorce means you’re dealing with many changes in your life. Some of these involve factors like where you’ll live and when you’ll have your children. Many people don’t think about their estate plan when they’re going through a divorce, but it’s crucial...
The cost of keeping your home in divorce
If you get divorced, you may decide that you’d like to keep your home. Maybe you just don’t like the idea of moving because it will make the divorce feel too chaotic. Perhaps you love the home and don’t want to give up your dream home just because your marriage is...
What does due diligence for real estate mean?
Buying real estate is likely the costliest purchase you will make. When you consider specific properties, you need to ensure that you’re making a purchase that’s in your best interests. You must do due diligence on the property you’re going to make an offer on. You...
3 common reasons people add trusts to their estate plans
People in different social situations and stages of life will have very different estate planning needs. For example, a new adult preparing to leave for college may primarily require powers of attorney and healthcare directives in case of a medical emergency as they...
Watch out for potential red flags when leasing commercial space
Entrepreneurs who have never rented or leased commercial property can fall prey to unfavorable terms when looking for business space. Now that you are gaining traction as a company, poor lease terms could slow your newfound success. Fortunately, you can avoid terms...