Creating an estate plan is one of the best ways to manage and protect your wealth. Estate planning simply refers to the arrangement an entity makes. At the same time, he is still alive to manage and distribute their property or assets during the entity’s lifetime or after their death. In short, the sole purpose […]
As a property owner and someone who may know a thing or two about property law, there is a high chance that you may have heard about a conjunction agreement. Although many may argue that they are not as popular as they once were (which is true), nonetheless, consent agreements are still a thing, and […]
Aside from Private companies and the natural resources that abound in a country, another sector that often contributes significantly to the growth of a nation’s economy is the Real estate sector. Although often overlooked, the real estate sector plays an essential role in developing the nation’s GDP. Take the United state, for example; the real […]
Whichever way you look at it, preparing an estate plan remains one of the most tedious things you will ever do. And the reason why it is considered tedious is very easy and pretty much straightforward -It is not that easy to think about one’s death! But then again, whether you like it or not, […]
Estate planning refers to the process of preparing and arranging (while a person is alive) for the disposal or management of the person’s estate in the event that they die or become incapacitated. Simply put, it means planning in advance and choosing the people or associations you want to benefit from your estate after your […]
Probate is the legal process of settling an estate. This typically happens when someone dies and leaves a property, money, or other assets behind. The probate process can be complex, but its basic purpose is to ensure that the deceased person’s assets are distributed according to their wishes. To do this, the court appoints a […]
No one likes to deal with disputes, but they are a fact of life. When two or more people share something, there is always the potential for disagreements. The same is true for shareholders in a company. When two or more people own a company, there will be disagreements. This can occur if the parties […]
A trust is a legal contract between two parties to determine how property will be managed after death. The trust manages the property to benefit the deceased person’s beneficiaries. Depending on the type of trust, it may provide for specific beneficiaries, fund retirement accounts for employees, or even pay funeral expenses. Those beneficiaries maybe your […]
If you’ve ever watched any law shows, you’ve probably heard the terms power of attorney and representation agreement used by one of the lawyers. But do you know what they are? Unless you’re studying law or have a vast vocabulary that includes law terms, you might not know what they mean, and that’s okay. That’s […]
Life is unpredictable under any circumstances but even more so in the midst of the coronavirus pandemic. If something were to happen to you, whether a sudden illness or an injury, are your personal affairs protected? If not, you may want to consider having a Representation Agreement drawn up with the help of a lawyer. […]