Who Did You Designate As A Beneficiary?
Posted on December 12, 2012 to Trust & Estates
Planning for your kids, your health and your finances is important. Its one of the most important things you can do while you have the capacity to do it. However often, an elderly parent or an aunt is taken advantage of, because they are losing their mental capacity.
Is It A Benefit To You To Have A Living Trust In Your Estate Plan?
Posted on March 1, 2012 to Trust & Estates
There certainly are advantages to a living trust. However whether it is a right decision to incorporate a living trust in your estate plan is a case by case analysis. Just like everything else it’s not one size fits all. Clients often come in wanting some level of planning but what is going to work with their objectives of transferring their assets, planning for estate taxes or incapacity or surrendering total or partial control over their assets is going to depend upon their end goals. It all begins with an inquiry and exploring various legal avenues in achieving your intended goals.
3 Things Landlords Should Avoid To Mitigate Rent Loss
Posted on January 12, 2012 to Real Estate
1. Don’t wait. Often during the course of the tenancy, the tenant falls behind in rent or is a habitual offender and fails to pay rent in a timely manner. You as the landlord hope that it will come any day or the next week, as promised. If the tenant is behind in rental payments, the landlord should start a legal proceeding to evict immediately. In most circumstances waiting any longer is almost always detrimental to the landlord. This is because the law requires that adequate notice must be provided to the tenant prior to evicting them, which causes further delays in evicting the nonpaying tenant. The landlord continues to loose time and additional rent.
Deed - What's in a name?
Posted on December 21, 2011 to Real Estate
My client’s grandmother passed away without a will. Therefore under New York law the client inherits the house and the investment property of her grandmother. That’s great except at the time of death the house was owned by the grandmother and her mother, the great grandmother.
Do you have a default judgment and not know it?
Posted on December 15, 2011 to Business Law
Have you ever experienced attempting to refinance or obtain a loan only to find there is judgment against your name or your business? Do you believe that the judgment is erroneous? Or that the incorrect entity has been sued? Often the business owner does not find out about the judgment until service of a Marshal’s Notice. In these instances the business owner either never received proper notice of the lawsuit or failed to respond to a complaint and a default judgment was entered against the business owner.