As you're well aware, there's been quite an uptick in the emergence of Homeowners Associations (HOAs) in the past two decades. Bylaws have shifted over this time, whereby some homeowners may find it necessary to consult with their HOA to sort out matters before...
Year: 2021
Business succession as part of your estate plan
As a business owner, it’s clear that your most valuable asset is that business. When doing your estate planning, you may start thinking of ways to leave the business to your children. On the whole, this process is known as business succession planning, and it’s...
How do blended families impact estate plans?
Blended families are very common in modern America. Perhaps you got married, divorced, and then remarried to someone who also had children from a previous marriage. This is a great way for children to have a unique and vibrant family life. But what does it mean for...
Don’t fall victim to the most common HOA violations for owners
Purchasing a property in a neighborhood governed by a homeowners association (HOA) is one way of protecting your real estate investment. An HOA largely exists to establish and enforce community standards and rules, thereby protecting the property value and standard of...
Remember that life insurance is a separate part of your estate plan
Life insurance may play a major role in your estate plan. You want to make sure that your policy pays out to your heirs, who can then use it to cover costs or just view it as an inheritance. That’s fine, but remember that your life insurance policy stands on its own...
How to choose a legal business structure
Once you decide that you want to start a new business, you have to determine how you can best protect yourself and your business. One decision that you have to make is what legal structure you’ll use for the business. There are several to choose from, so be sure to...
What to consider if a client breaches a contract
One of your customers, suppliers or partners has breached their contract with you -- and you're not sure how to handle the situation. What's the first thing you should do? Look at your contract. A well-written contract should protect you in the event of breaches and...
3 tips for choosing the right agents in your estate plan
When creating an estate plan, there are many things to consider, but the people you choose as agents are probably the most important. These people will have the power to make decisions that could impact you and your beneficiaries, so you want to make sure they are the...
Leaving an heir $1: Why do people do it?
Have you ever heard of someone leaving a single dollar to an heir in their estate plan? It sounds a bit confusing, as if they’re just wasting their time. They clearly didn’t want to leave the person anything, so why take the time to plan out how to leave one dollar?...
Can an HOA kick a resident out for unpaid fines?
You’re in charge of a homeowners association (HOA), and most of the residents who live in the community adhere to the proper standards and avoid violations. After all, they chose to live under these rules because they like the benefits of having those rules in place....