Keeping property within a family is important to many people. Whether the desired asset is a small piece of jewelry or a substantial tract of land, passing along assets must be done correctly. Even if New York residents think they have taken the correct steps to ensure the desired distribution of their assets, a minor mistake in estate planning documents could result in will contests.
Many people find the benefits of investing in commercial real estate appealing. Of course, it is not always smooth sailing, and various factors could influence these investments. Still, individuals who own commercial property can make efforts to ensure that they mitigate the risks their investments face.
While many in New York and across the U.S. may show little interest in the turmoil surrounding Brexit, Great Britain's withdrawal from the European Union, investors are watching with a keen and wary eye. In fact, some media outlets predict chaos and anarchy during the transition, with food shortages resulting from travel complications across Europe.
The time after a person's passing can often see conflicts over remaining assets. Even if New York residents took the time to create estate plans, some unscrupulous parties could take steps in attempts to unjustly benefit from remaining estates. As a result, probate litigation may occur in order to address the possibility of fraud.
Moving forward with buying a home in New York involves a lot of consideration and work. In some cases, financial issues can hold someone back from completing a real estate transaction, and in other cases, support from the seller may put a prospective buy on alert. This type of situation is not uncommon when an owner offers seller financing.