One of the big questions you may have about getting a divorce is what will happen to your house. It is one of the most expensive assets that you have together, and figuring out what to do with it can be a challenge. Here are some possibilities for what can happen to the home. The Home Is Sold The simplest solution to figure out what happens with the house is to sell it. Read More»
Have you not put any thought into estate planning? It may be due to thinking that you don’t have many assets, or that you simply won’t have to deal with problems when they come up. At the very least, it’s important to have a basic will to help prevent the following two problems that will come up after you pass away. Dividing Assets Many people assume that they don’t need to create their will early on in their life, because all assets from a deceased spouse will automatically go to their partner. Read More»
When you are planning your estate, you may want to consider leaving some of your assets in an irrevocable trust. Trusts are designed for many purposes, two of which include reducing taxes and protecting your property. While there are dozens of irrevocable trusts to choose from, the following are some of the most commonly used in estate planning: Bypass Trust One way for a spouse to reduce the amount of estate taxes owed when the other spouse passes away uses a bypass trust. Read More»
The security deposit for your property is just that, a deposit to cover any damages occurred during the time you rented the property from the landlord. It cannot be used to cover the last month’s rent unless the landlord is in agreement. If the landlord refuses to return the deposit, you need to pursue the issue. Does The Tenant Have To Pay For Normal Wear and Tear? Your security deposit cannot be withheld for what is considered normal wear and tear on items in the dwelling including walls that need repainting or have chipped spots, or wooden floor finishes. Read More»
What happens when you serve a notice of unlawful detainer on a non-paying tenant and find out, to your dismay, that there are other people living there that aren’t on the lease? It might be the actual tenant’s boyfriend or girlfriend, or just someone that your tenant found on a Craigslist ad to split the rent. Unfortunately, this can complicate your situation. Here’s what you should know. If the non-tenants refuse to leave, you can’t throw them out. Read More»