You need an estate plan. This is true even if you don’t have a lot of assets. It’s also true if you’re young, or if you don’t have close family members. Estate planning means preparing for the inevitabilities of life. People get sick or hurt, and you need a plan in place to determine what …
Continue reading “Steps to Help Get Started on Estate Planning”
One of the more common questions I get asked is “Do I need a survey for this transaction?” or “Will my old survey work?” In true lawyer-fashion….the answer depends. It is very important to have a good legal description of the property when performing a title exam. A street address or Tax I.D. number are …
Occasionally, I still run into an old Contract For Deed for clients. In this outdated form of a transaction, the seller and purchaser enter into an agreement or contract stating that the purchaser will make payments over time and once a certain amount is paid the seller will deed the property to the purchaser. I …
The wisdom of making a Will is well settled as sound legal advice, and rightly so. Less talked about, but equally advisable for many people, is the use of gifts during one’s lifetime as a method for estate planning. Apart from the intangible benefits that flow from the fact that, as the saying goes, it …
The information in this column is not intended as legal advice but to provide a general understanding of the law. Any readers with a legal problem, including those whose questions are addressed here, should consult an attorney for advice on their particular circumstances. I have handled many sales or purchases of small businesses. Therefore, I …
