Closing a real estate sale can be a mind game. You have probably had the experience of moving through your sales presentation smoothly and enticing your prospect, but things go awry when you come to the close, which can be quite frustrating to deal with.
Estate plans are an excellent way for individuals to ensure the proper distribution of their assets after their passing, as well as denote their care in case they become incapacitated. Especially for individuals with large estates or complex assets, an estate plan may be essential to meet their final wishes.
When planning their wills, individuals have the option to delegate their assets as they please. However, some beneficiaries may not agree with the delegation and may petition the courts to reverse or alter the request as the will states.
Perhaps you have a complex family situation. For example, you might have a second spouse and stepchildren plus children from your first marriage, one of whom has special needs. You have a primary residence and a vacation home, investments, retirement accounts and a good income.
Whether Irma was your first hurricane or your fifth, the experience is one you will long remember. Outside of the welfare of your family, your first priority will be to take care of any property damage the storm might have caused and make sure your home is safe and secure again.
People can designate the distribution of their assets and property through trusts. Those who receive the trusts, or beneficiaries, are not always aware of their rights and abilities in regards to the trusts.
Whether you are a practicing doctor or operate a medical facility, you want your practice to be successful. That is why you connect with the specific facilities or physicians. However, sometimes those relationships may change, and separation is imminent.
It happens fairly often. An elderly person makes a typical will, leaving some portions of the estate to relatives and some others to charity. Maybe she sets up a trust. Then, suddenly, for no apparent reason, a new will appears, leaving the bulk of the estate to an unrelated individual, often a caretaker.
Thinking about the legal aspects of starting your new business may not be as much fun as choosing the company name or working out goals for the first year of operation. Still, you should get the ball rolling on a few important legal agreements.
Perhaps you and two friends formed a partnership a few years ago. The business you created was doing well until recently, when it appears that one of the founders began working in his own interests instead of those that would benefit the company.