Tag: LegalEase

It is common knowledge that when a person passes away, a will is used to dispose of their assets how they wish. Further, it is common knowledge that in order to make a will, you must be an adult. (Some states actually allow minors to create a will in certain circumstances.)

When creating an entity, a common misconception is that anyone can set up the entity on their own since it is “just a filing with the state.” Since it is just a state filing, an attorney does not provide any additional services that an individual could not do on their own.

In past weeks this weekly column has written about why you want to own your real estate until you pass away and the potential downfalls if you give your real estate to your kids before your death.

Everyone needs a place to live, and not everyone owns their home. But for those who do, our home is often one of our most valuable assets, if not the most valuable. This is due to the cost paid to acquire the home and also in the upkeep and maintenance of our homes.

Some individuals think that if they or their loved ones are approved to receive Medicaid benefits that any of the assets that they have are theirs to do “whatever they want” when they pass away. In some ways this is true, but in other ways when Medicaid approved you to receive benefits, it could be “too good to be true.”

Recently I was talking with some college students who asked if they needed to have a living will. These students thought that since they were “young,” a living will would be pointless for them.

If you want to know if a property you are purchasing is owned by the person trying to sell the property, one way to find out is through an “attorney opinion.” An attorney opinion is when a title examiner examines and provides a report on what public records show regarding the title of a property. This report is then used by an attorney to form an opinion on the property’s marketable title.

This week my social media has been flooded with those precious back-to-school photos. Most of the photos are with those fancy chalkboards saying what grade the child’s in and who their teacher is this school year. But some of the back-to-school photos show kids getting on the school bus, some for the very first time!

This time of year, most families with minor children are starting to plan for school to start back up. Families are wrapping up their summer vacations and are starting to think about getting their school supplies.

It is well known that interest rates on borrowed money are significantly higher now than they were last year, and even the year before that. With higher interest rates comes sellers looking for more creative alternatives to traditional mortgages.