Lender/Financing Delays I have not yet heard of any major disruptions to lenders’ ability to provide financing. However, it’s not out of the realm of reason if companies are requiring their employees to work from home, etc. Further, if there are government employee impacts such as at the...
Upon your death, your assets will be transferred without requiring probate. You can also name a guardian in your trust. A living will (health directives). Not to be confused with the last will and testament, a living will is a part of an advance directive that allows someone to make ...
As you are probably aware, the government recently brought in new legislation requiring all properties that are for sale to have an energy certificate; this became effective on December... Read More IRS 2013: Procedures nº 1 - FISCAL RESIDENCY 2014-01-25 12:18:16 The vast majority of...
Appreciation:Over the long-run real estate has gone up in value aboutthe same rate as inflation (3-4%). This passive style of inflation helps, but active appreciation is even more profitable. Active appreciation happens when you force the value higher over a shorter period of time, like wit...
Among the most important changes under the new act are (1) a presumption of durability, (2) requiring acknowledgement of a power of attorney and (3) new agent anti-abuse requirements. A power of attorney created pursuant to the new Act will be presumed to be durable. Therefore, the incapa...
the net present value of the entire balance of rent due herein as of the date of LESSOR's notice, using the published prime rate then in effect, shall immediately become due and payable as liquidated damages, since both parties agree that such amount is a reasonable estimate of the actual ...
The proposal requiring consistency in value of basis for estate and income tax values for inherited property (but not for gifted property) was signed into law on July 31, 2015, and is discussed below. The 2015 legislation did not enact the provision applying basis consistency to gifts, nor to...
One method the Legislature has employed to address these competing interests is to limit enforcement of restrictions to 30 years generally and, while freely allowing longer durations, requiring landowners to comply with certain specific steps should they desire to impose restrictions lasting more than ...
I have not yet heard of any major disruptions to lenders’ ability to provide financing. However, it’s not out of the realm of reason if companies are requiring their employees to work from home, etc. Further, if there are government employee impacts such as at the IRS for processing tax...
Partially as a response to the stagnation of wealth movement as a result of inheritance, most governments require those in line for an inheritance to pay aninheritance tax(estate tax) on the estate. This tax can be very large, sometimes requiring the beneficiary to sell some of the inherited...