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,...
Month: November 2020
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...
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...