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Of all the tools in estate planning, trusts may be the most powerful. Trusts can be adapted and customized to fit a wide variety of situations and accomplish many goals. But this quality of trusts can also make them overwhelming for many people who are new to the...
Real estate professionals sometimes talk about "chain of title." This means a piece of property has passed from one owner to another through the years, with each owner having sole title to it for a while, and then passing on that title to the owner after them....
Owning rental property can be lucrative. If you play your cards right, you can generate a significant amount of passive income that supports the lifestyle that you want. But there are no guarantees here, and the rental property market can be highly competitive. That’s...
Today’s real estate market may cause you to wonder about purchasing a rehab property, sometimes known as a “fixer-upper” for your next home purchase. Rehab properties are properties that are known to need repairs or renovations. Purchasing a rehab property and fixing...
Purchasing a rental property in New York is a big decision. Selecting the right rental property can help you bring in extra income. But owning and managing a rental property comes with many responsibilities. You have all the responsibilities that come along with...
Navigating the real estate purchasing process can be confusing and stressful, especially when you’re buying your first home. Yet, you have to take control of it if you want to get a fair bargain that protects your interests in the property in question. But looking at...
You might not believe that you need an attorney as a first-time home buyer in New York. After all, you make various other major purchases without an attorney, so why would one be necessary for a home? A home is often the most major purchase people make throughout...
If you are thinking about purchasing a rental property in New York, you have many factors to consider. After reviewing the location and finding a property within your means, you will need to figure out whether investing in a rental property is right for you. While...
Investing in commercial real estate can be financially rewarding, but it can also carry significant risks. If you’re not careful, you can wind up dumping large sums of money into a property that doesn’t suit your business needs, that’s expensive to repair and maintain...
An estate plan is a document, or set of documents, that detail how your assets will be distributed upon your death. Some common documents in an estate plan include a will, trust or power of attorney. Setting up an estate plan is a wise and responsible choice. But once...