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Riddell Law Group Blog
The benefits of revocable trusts
There are several different tools that can be a part of an effective estate plan. While a revocable trust is not at the very top of the estate planning list, it can be extremely useful for certain families. Also known as a living trust, these trusts are known for...
Celebrity estate planning mistakes and what they’ve taught us
Whenever a celebrity passes away, settling the estate can be a complex process. But when they fail to plan for their death by creating a will, trust or estate plan, the consequences for their family and other beneficiaries can be severe. A drawn-out probate process...
What due diligence do you need to perform for a commercial lease?
If your organization is considering leasing new space, you need to do some due diligence. Naturally, need to nail down the essential terms: How much the rent will be, the term of the lease and what renewal rights you have. You need to know what changes you can make to...
Thinking about becoming a short-term rental host?
Do you have a spacious pool house that would be perfect for a vacation getaway? Perhaps you have thought of listing it on HomeAway or Airbnb to get some income from your real estate investment. Rather than being a passive way to make money, renting property on a...
The importance of a proper appraisal for your estate
Estate planning has several complicated steps. Completing all of them correctly is crucial to making a legally enforceable estate plan. One step that you should not neglect is evaluating your assets. You should conduct a proper, legally sound appraisal. Failing to do...
What are the benefits of a power of attorney in your estate plan?
There are multiple power of attorney options that leverage authority over your assets in varying ways. Here are a variety of power of attorney types and some of the ways that each one can be a useful element in your overall estate plan. One benefit common to all types...
Why You May Want To Update Your Out Of State Will
Like many retirees that make Florida their primary residence, you may have a will and even a comprehensive estate plan that was drafted in another state. If nothing regarding your family structure is different, do you need to update your will? In many cases, the...
What is a 1031 Exchange?
What is a 1031 Exchange? Individuals and companies who sell appreciated property (real estate or personal property) are subject to capital gains tax under the Internal Revenue Code. Under IRS’s 1031 Exchange rules, however, an exchange is not considered to be a sale...
Rational Renting – Part 1
What is an owner to do with that vacation property when they stop vacationing there? What sustains an investment in an apartment building or multi-family housing? What seems to be the most common real estate activity where people still struggle? The answer to all 3...
Great news for October! – SAR Report
Great news for October 2013….sales of single family homes are up and so is the median price of single family homes as compared to this same time last year!The results tell us that more Buyers may be entering the real estate market due to increased concern that...
