With joint tenancy, two people can share ownership of the same real estate, with equal ownership shares. While co-owners don’t need to be related, it is common for parents to use joint tenancy with their children. The primary reason for this is to simplify the...
We Understand The Ins And Outs Of Real Estate Law
Estate Planning
3 common estate planning mistakes to avoid
If you have never made an estate plan before, then now is the time. An estate plan can help ensure your assets are managed after you pass away. You can also instruct how your medical care should be taken care of with the use of an estate plan. Estate planning is a...
When is it time to make an estate plan?
If you do not have an estate plan, you are not alone. Only about a third of Americans have estate plans. What is stopping you from making your estate plan? It could be because you do not know if it is the right time to make your estate plan. However, not making an...
Three essentials for seniors to consider in estate planning
Like many people, you may have created an estate plan earlier in adulthood – maybe when you started a family. Unfortunately, it may fail to address your needs as you enter your senior years, even if you regularly update your documents. Many things about your life can...
2 mistakes to avoid when choosing a guardian for your child
No one wants to imagine the possibility of someone else raising their child. But life has its share of uncertainties. As difficult as it is, the decision to designate a guardian for your child is one that you should never overlook. A guardian is basically an...
Is it necessary to update an estate plan?
One of the things people don’t always realize when making an estate plan is that their plan can be updated. While an estate plan isn’t at risk of expiring, an out-of-date estate plan may make your wishes unclear for your executor and heirs. Some people schedule to...
The home you inherited has a lien. Now what?
Inheriting a home – particularly one you don’t plan to live in – can be a mixed blessing. Chances are that eventually you’ll be able to sell it for an amount that more than makes up for any time and expense you put into fixing it up and dealing with issues surrounding...
4 estate planning myths debunked
Estate planning is a complex matter and it can only seem more daunting when misinformation is believed. To help you as you make an estate plan, you may need to debunk some old myths. Here’s what you should know: Myth 1: You must be over 50 years of age to make a will...
Signs of undue influence in your loved one’s will
The passing of a loved one is undoubtedly a difficult time for anyone. It becomes even more challenging when suspicions arise regarding the legitimacy of their will. Undue influence occurs when an individual manipulates or coerces a testator into creating or altering...
Can you prevent someone from disputing your will?
Will creation is a crucial part of the estate planning process. By dedicating time to creating one, you are taking full control of your legacy as well as your loved ones’ futures. Better still, you will be taking the guesswork out of the picture as far as your wishes...