Important 30-day Period in Eminent Domain Actions Once a Declaration of Taking (D/T) is filed against your property there is an important 30-day period that begins to run. A property owner must within the 30-day period file any objections to the taking with the Court.
Read More »Estate Planning for Unmarried Partners
When you’re in a romantic partnership – as opposed to a marriage – you need to create the legal protections and benefits automatically afforded to those who are married. For example, married persons legally inherit from each automatically and can visit their spouses in the hospital without question. You and your partner can do the […]
Read More »Is a Financial Plan Enough? Why Experts Say You Need an Estate Plan, too
If you want to leave a robust financial legacy for your family, a financial plan alone is like trying to guide a boat with just one oar. It’s only part of the big picture for your overall monetary health. A well-informed financial plan is worth your time for several reasons, but let’s look at how […]
Read More »Your Estate Planning Binder: Tips for Proper Care and Maintenance
You finally crossed “getting your estate plan done” off your list, and you’ve (rightly) breathed a huge sigh of relief. By tackling this challenge, you’ve not only established protections for your loved ones and legacy, but you’ve also freed up some important “mental space” that had previously been preoccupied.
Read More »5 Things Every New Mother Needs to Know About Wills
As a new mother, you naturally want to ensure your new baby’s future in every way. For many new mothers, infancy is a time for celebrating new life, and making a will is the last thing on their minds. For others, the process of bringing new life into the world sparks intense feelings of wanting […]
Read More »Want to Give the Kids an Early Inheritance? 4 Things to Consider
If you’re thinking about giving your children their inheritance early, you’re not alone. A recent Merrill Lynch study suggests that these days, nearly two-thirds of people over the age of 50 would rather pass their assets to the children early than make them wait until the will is read.
Read More »WHAT IS A 1031 EXCHANGE?
Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes. IRC Section 1031 (a)(1) states:
Read More »It’s Not Just About Death and Taxes: The Essential Legal Documents You Need for Incapacity Planning
Comprehensive estate planning is about more than your legacy after death, avoiding probate, and saving on taxes. It must also be about having a plan in place to manage your affairs if you become mentally incapacitated during your life.
Read More »Parental Warning: If You Own Your Property this Way, You May Accidentally Disinherit Your Own Children
Owning property as Joint Tenants with Right of Survivorship is easy, common, and often disastrous. Sadly, children – both minor and adult – are often disinherited.
Read More »Legal Audit for Buy-Sell Agreement
22-Point Legal Audit for Buy-Sell Agreement 1. Trigger Events: Does your Agreement provides for the 10 critical trigger events? 2. Rigid or Flexible: Is your Agreement a rigid agreement that could create significant income tax issues at the time of a buyout?
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