An individual may create a living trust and then neglect to transfer his or her assets into it. As noted by Kiplinger's Personal Finance, your property does not automatically belong to the trust; you need to place your funds and properties in it and regularly audit...
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Riddell Law Group Blog
How can I help my loved one with estate planning?
Approaching the topic of estate planning with a loved one can be difficult, but it is an important thing to do. While you want your loved one to be in complete control of the process, there are some things you can do to assist. MarketWatch explains it may help to...
Tips for navigating a hot real estate market
Buying real estate is both a challenging and exciting endeavor. This remains true for both residential and commercial properties, for individuals in Florida and throughout the country. As always, getting the legal details down perfectly demands professionalism; this...
How does a low appraisal affect closing?
Few life events are more exciting than purchasing your first home. Depending on where you choose to buy, your real estate investment may also allow you to realize a hefty profit when you sell. Of course, before you can close on your new house, you typically must go...
How contingencies work when buying a home
There are a lot of moving parts involved when it comes to purchasing a home in Florida. Sometimes, you need certain circumstances to come together before you are able to move forward with buying a particular home. When this happens, you may need to make an offer on a...
What is the purpose of title insurance?
You do not want any unexpected surprises when you buy a new home or commercial property. That is why conducting due diligence on a real estate title can be of benefit. Background research might give the property a clean bill of health so you can buy it and use it as...
How can letters of instruction help your executor?
Whoever you choose to be your executor will have many tasks to deal with. Those who inherit from you should receive their inheritance in a timely manner, so anything that can help your executor process your estate could be important. You might make probate more...
What should you know about real estate refinancing?
When you refinance a property, it requires working with a lender to get a new mortgage. You can refinance once you have built up equity on your property, which means it is more common for longer-term homeowners to refinance than new ones. You can use this as a chance...
Virtual real estate buyers may offer cash or contingency waivers
Technology can make buying or selling a home easier through internet listings and virtual open house tours. Data provided on FloridaRealtors.org notes that 44% of homebuyers in 2020 initiated their property search online. Photos, videos, maps and detailed information...
Property liens: What you need to know
When you are researching buying property, you probably came across the term property lien. In some cases, a lien can be perfectly normal. In other cases, it can be very bad. A lien is a legal claim against a property. Although the property can be anything, in this...
