The process of closing a real estate transaction may seem, in theory, be a simple formality. However, even after potentially lengthy negotiation and working through issues between the buyer and seller, there may still arise something that can cause problems at the very last moment. Here are just a few of the reasons why you might want to have a lawyer present when you are closing on a property:
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Estate planning is an essential part of helping people to deal with troubles that are likely to arise later in their lives, as well as issues that may come up after they pass away. However, not everyone understands estate planning, and some people have a serious lack of understanding about what the process of planning your estate entails. Here are five of the most common misconceptions people have about estate planning:
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For many people, estate planning begins and ends with their last will and testament, with perhaps some advance directives to avoid problems if they become incapacitated. However, there are some less well known estate planning issues that you should consider, especially if you own a variety of different types of assets. Here are five estate planning issues you may not have considered, but which may have an impact on you or your loved ones: Continue reading “Five Unconventional Estate Planning Issues”
The Administrative Office of the Courts for the State of New Jersey has issued a new directive that will introduce more stringent requirements for certain people seeking to become guardian of another person. These requirements will include a more thorough background check, which is meant to help determine if a guardian is suitable for the responsibility they would be given. Anyone who wants to apply for a guardianship in New Jersey should be aware of these new requirements, and be ready for the additional burdens they will impose. Continue reading “New Jersey Implements New Background Screening for Guardians”
For many people, bankruptcy may seem like a personal failing. They may spend their time searching for what they could have done to avoid their financial problems. The fact is, however, that severe financial distress often has as much to do with bad luck as with any decision they made especially in circumstances beyond anyone’s control, such as the COVID-19 pandemic. Here are five common reasons people declare bankruptcy: Continue reading “Five Common Reasons People Declare Bankruptcy”
Most people know, at least in theory, that they should begin planning their estates sooner rather than later. They know the longer they put off writing their wills, establishing advance directives, and taking care of other aspects of estate planning, the more likely it is that they, and their loved ones, will suffer the consequences. Among those possible consequences is needing to go to court to establish a guardianship or conservatorship for an incapacitated family member. Continue reading “When Might You Need a Guardianship or Conservatorship?”
When you sell a parcel of real estate, you have the expectation that everything will go reasonably smoothly. However, there are numerous things that can go awry before or during a real estate sale that can make things substantially more difficult, introducing potential legal or economic issues you will need to resolve. Here are five potential complications that can arise during your real estate sale: Continue reading “Five Things That Can Complicate Your Real Estate Sale”
For some people, bankruptcy is a dirty word, and they do not want to confront even the possibility that they might need to declare bankruptcy to deal with their debts. And yet, in the wake of the coronavirus, even people who were previously financially secure have been pushed into situations where bankruptcy seems like an inevitability. Before you decide whether it might work for you, however, you should make sure you understand the costs and benefits of declaring bankruptcy. Continue reading “Weighing the Costs and Benefits of Bankruptcy”
While the biggest concern most people have during the coronavirus crisis is to remain healthy and prevent exposure to the coronavirus, the economic impact is a close second. The coronavirus pandemic has, unfortunately, left many people out of work and many businesses closed for the foreseeable future, with unemployment estimated to rise as high as 30%. This means, through no fault of their own, many people have been left in dire financial straits, and potentially in need of bankruptcy protection. Continue reading “Obtaining Bankruptcy Protection During the Coronavirus Pandemic”
In the middle of the coronavirus epidemic, finding a new home may not be at the top of many people’s priority lists. Most people are looking to stay at home to avoid the coronavirus, not go out seeking someplace new where they’ll need to confine themselves. However, in many ways there has never been a better opportunity to find a new home, and there are ways for you to find your new dream home without exposing yourself to the coronavirus. Continue reading “Seeking a New Home During the Coronavirus Pandemic”
