Legal-Ease: Unlimited FDIC protection and credit union protection
This column follows up on a previous column that mentioned the possibility of unlimited FDIC coverage for a bank depositor even if that depositor uses only one bank.
Legal-Ease: Is my money in the bank safe?
Although every business is different, banks are businesses like other businesses. Some businesses buy and sell cars, and other businesses sell services. Banks can be thought of as buying and selling the use of money.
Legal-Ease: Two big pitfalls in real estate deals
There are two big pitfalls of which buyers and sellers of real estate should be especially aware.
Legal-Ease: Trusts: types, differences and similarities
Trusts are most easily thought of as being sets of rules. Thus, I may have a trust, which is a set of rules, that I can name whatever I want.
Legal-Ease: What should I name my business?
Naming a new business is sometimes as exciting as starting the business itself.
Legal-Ease: Selling my house: what are my taxes?
Over a decade ago, the law changed regarding the tax treatment of gain in value on the sale of a primary residence. Some aspects of the “old law” remain as points of confusion that lead to misunderstanding of the law as it currently is.
Legal-Ease: Why does my deed say that I bought my house for one dollar?
In most circumstances, it should not take a law degree to be able to read and usually understand most written agreements and documents, including deeds to properties. However, a struggle comes when the language in a deed seems to be literally inaccurate.
Legal-Ease: Compensation for care that keeps loved one out of nursing home
Independent from the cost concerns, there are many reasons why people want to avoid moving into a nursing home. Nevertheless, when a person has various medical conditions that prevent that person from living alone, there can be few alternatives.
Legal-Ease: Even if written, real estate contract may not mean what it says
For agreements and contracts of any financial or other significance, a written agreement is advisable, even if not legally required. This is because it is more difficult to later argue about the terms of the “deal” if the agreement is not in writing to begin with.
Legal-Ease: Basic tax checklist upon loved one’s death
Although competent legal and accounting professionals should always be consulted whenever someone dies, there are five areas of tax-related obligations of which family members should be aware upon a loved one’s death.