Residential property leases generally require tenants to pay a fixed rent cost to the landlord and then assume responsibility for their own utility costs. Some residential leases may include one or more utility costs in the rent and those terms would be clearly...
PROVEN LEGAL COUNSEL
For Estate Planning, Estate Administration And Disputes
Month: September 2020
Preventing a will contest
Ultimately, an estate plan ensures your wealth and assets transfer to your beneficiaries according to your wishes without any interference or delays. However, even if you have all of your end-of-life plans in order, the best-laid plans can go awry if a relative...
What is undue influence?
Undue influence happens when Person A is able to persuade or coerce Person B to make or change their last will and testament so that it benefits Person A. Typically Person A has control or power over the person who is making or changing their will (called the...
Five common reasons for estate litigation
The loss of a loved one affects the entire family, sometimes leaving them adrift. Not only do they mourn the loss of a parent, spouse or sibling, but it can also lead to heightened emotions that impact interactions with surviving family members. Ideally, this is an...
Top options for buy and flip in 2020
It is a common investment strategy in the U.S. market to buy a property with the intent of quickly reselling it at a higher price. The so-called “buy-and-flip” approach can be profitable here in the U.S., but it is often less so when looking at property in other...
It may be a bad idea to divide up a family business equally
There was once a tradition where the oldest son inherited the farm, holdings or business. That kind of thinking has gone by the wayside for the most part, which means that parents typically divide things equally among their children when they draft a will or create a...
Pandemic effects international real estate market
There is much written recently about those living in New York City fleeing to the suburbs as they ride out the pandemic. It will also likely be the case with other urban markets worldwide, leading to a buyers’ market in cities when things truly open back up. Those not...
What to do if you and your siblings jointly inherit a property
Perhaps, as a child, you always spent time at a family-owned cabin in the Catskills during the summer, or in retirement, your parents bought a condo in Florida. Now that your parents have passed away, they left their vacation home for you and your siblings to share...