A power of attorney is an estate planning document that you can use to plan for the future. For instance, if you become incapacitated, someone needs to be able to make your financial decisions for you. They may also need to make your medical decisions, or at least...
Business
Why are zoning regulations necessary?
Zoning plays a crucial role in shaping communities and has significant implications for both society as a whole and property buyers individually. Zoning laws can be a real issue for property owners and would-be property owners alike. Many don’t understand why it’s so...
Reviewing a contract can take time
Every party you work with, including shareholders, partners, employees and possibly clients, should sign an agreement. Contracts are crucial, and they can tell you are responsible. But how soon should you give a party a contract? Here is what you need to know about...
Must haves to include in your New York LLC operating agreement
When you are planning to open a limited liability company (LLC), creating an operating agreement is critical. In fact, it is often a legal requirement for LLCs in New York and many other states. With a well-drafted operating agreement, you can customize the terms of...
What business structure can benefit your new business?
One of the first things a new business owner has to decide is what type of business structure they need. There are several things that come into the picture when they’re doing this. Taking the time to choose the most appropriate structure can protect you and your new...
Disclosures in real estate transactions: What you need to know
Buying a property is a significant investment. Therefore, it can be frustrating and stressful to learn of a property’s defects that make it inhabitable or less desirable after making a purchase It is why there are laws that require sellers to disclose details about a...
Updating estate plans: 2 valuable external assets people forget
There are many times in life when someone may need to review their estate plan and make certain changes. Maybe they got divorced and need to remove their spouse from their paperwork. Perhaps they just had children and need to add guardian information to their will and...
Just bought your first home? You may need an estate plan
Purchasing your first home is a huge accomplishment. The happy memories you create will transform it from a mere residence to a meaningful part of your life, and it’s natural for you to want to preserve your home for future generations. The first step you should take...
Could a Totten trust beef up your estate plan?
If you’re reading this post, you likely have a few people and/or organizations you want to include in your estate plan. Fortunately, there are a few options to consider when planning to leave something behind for these people. Totten trusts, also known as...
How can you tell if a New York City property investment is sound?
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...