In medieval times, the economy relied on apprenticeships to graduate craftsmen into the workforce. A master would agree to train an apprentice in exchange for low-wage labor for a few years to help the apprentice learn the trade. At the end of the period, the apprentice graduated and was considered a journeyman. To maintain control […]
Melbourne Legal Blog
Estate planning requires taking stock of all the assets you have and then adjusting the plan whenever you gain or lose significant assets. One thing to remember is that much of your wealth could be represented in your life insurance policy. Despite not actually having that money in hand at the time of the planning, […]
As the name implies, a trustee occupies a position of implicit trust. Someone has given the trustee authority over the financial and legal decisions for substantial assets, potentially including real estate and investment accounts or an entire personal estate. Sadly, not everyone who assumes the role of trustee will be able to live up to […]
Whether you are looking to buy your first home or hope to sell your starter home and upgrade now that you have a new family member on the way, you may have some special considerations that impact the viability of potential real estate transactions. Both buyers and sellers often include language in offers and listing […]
As you get older, one thing you may need to start doing is preparing for Medicaid. Did you know that the average cost of nursing home has exceeded $7,000? It’s shocking, considering that it costs much less than that to have an apartment or to live a normal life. Unfortunately, medical costs are high in […]
Having a new baby is a joy for most parents. During the pregnancy, they need to do a lot of planning. You probably think about things like the nursery and diapers, but many don’t think about the estate plan they need to create so their child is cared for if something happens to both parents. […]
When you have a disrespectful or unreliable tenant, your patience can run thin. If reminders to pay rent don’t work or you can no longer find a solution for their behavior, you may start considering the next step – eviction. If you’re thinking about evicting your tenant, you need to proceed thoughtfully. There are several […]
Medicaid planning is just a part of growing older. You need to think about the best way to qualify while still protecting your assets. When should you start planning? As soon as possible. Medicaid has a look-back period that has to be considered, so taking steps to protect your assets prior to that is important. […]
If you want to build a home from the ground up, you likely want something of high quality that you can either live in for the rest of your life or eventually resell for a substantial profit. Unfortunately, your contractors may have a similar profit motive that could impact the condition of the finished house. […]
Are you buying a new home? In all the excitement during this time, you need to take care not to make a few very common mistakes. Here’s how to avoid a problem. 1. Don’t skip the inspection While a home inspection can cost a few hundred dollars (or more, depending on what you want to have […]
