With a residential lease, the tenant may just have to pay rent every month. In some cases, utilities are also included. But this isn’t a given, and many renters have to cover these costs themselves. With commercial leases, however, rent and utilities are just the...
Month: January 2023
Reasons to review your estate plan
Making an estate plan is a great first step. Most people have never done it. Just writing a will puts you ahead of the majority, and you will be more prepared for what the future holds. However, you do not want to neglect the estate plan after you make it. This...
What are the CAM fees included in a commercial lease?
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...
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...