Monthly Archives: August 2024
Could Your Estate Plan Use a Trust Protector?
Every trust that you set up must have a trustee, and for most trusts, it’s just as easy as that: you’ll establish a trust (whichever type works for your situation), name a trustee to oversee and administer the trust, and fund the trust. But there are some situations where trusts get a bit more… Read More »
What Does an Indemnification Clause Do?
Do you want to be held responsible for someone else’s mistake or error? Probably not. But if you sign indemnification clauses in contracts, that’s just what you’re doing. Many people don’t understand what an indemnification clause is, or what it does. That can lead to real problems down the road. What is Indemnification? An… Read More »
Disclosures and Issues When Buying Property Subject to an HOA
Most sellers of homes know that they have to make certain disclosures to potential buyers, disclosures that may relate to the condition of the property. But many sellers—and even their agents—often overlook the requirement of disclosures of the homeowners association (HOA) restrictions on property to a buyer. HOA Disclosures In every real estate purchase… Read More »
What Happens When a Buyer or Seller Dies Before Closing?
When we think of things that could go sour when we are getting close to a real estate closing, we don’t think of death as being a possibility. But it can and does happen, that a buyer or a seller passes away, while property is under contract, but before the closing. Most real estate… Read More »
