A short sale occurs when someone sells a piece of real estate, such as a home, for less than what is owed on the mortgage. This has to be approved by the lender, as it normally wouldn’t be allowed. If a short sale is possible, there are potential benefits on all...
You may believe that once you have drafted and executed your will, your estate plan is complete. But a will is just one piece of an estate plan. A power of attorney works in conjunction with your will to provide you with a more comprehensive estate plan designed to...
When selling a house, homeowners must make certain disclosures so buyers know what they’re getting. In some cases, if it’s shown that someone intentionally hid issues with the house, it could constitute financial fraud. Disclosure declarations are typically made...
Conflicts are bound to arise in a bustling business landscape. But these disputes don't have to spell doom for valuable partnerships. Mediation offers a powerful tool to resolve disagreements while keeping relationships intact. This approach can benefit companies with...
When it comes to estate planning and distributing your assets, one option you may be interested in is a payable-on-death (POD) account. This means that you add a beneficiary to an existing financial account. If you pass away, the beneficiary becomes the account owner....
When most people consider estate planning, they think about how their assets will be distributed to their loved ones. While this is certainly a major aspect of the estate planning process, it isn’t the only aspect that needs to be considered. For example, you should...
With joint tenancy, two individuals can own property together, sharing both ownership and the obligations associated with the property. For instance, if they have a mortgage, both are responsible for the payments. While they may create informal agreements—such as one...
Leasing a commercial property is often a challenging process due to the variety of lease types, detailed agreements, the need for negotiation and other important factors. Even more concerning is the fact there are so many potential pitfalls along the way. Even so,...
Mediation is a popular alternative dispute resolution (ADR) method and is particularly effective in helping parties reach mutually agreeable solutions without the expense and formality of court proceedings. If you are considering mediation for resolving a business...
You're probably familiar with the old saying, "Don't burn your bridges." Unfortunately, some disputes escalate to a point where preserving any sort of relationship is lost. Before letting a conflict with your business partner turn into a lawsuit, you may want to...
