When buyers work with the same team through the entire process of acquiring a piece of real estate property, it is usually fairly simple to determine how the commission should be paid. Real estate agents are paid commission based on the sale, and the details of this...
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Is a spendthrift trust right for your beneficiary?
When it comes to leaving assets to your children, you may be unsure which direction to go. You want to ensure that they have what they need in the future. At the same time, you’re worried about your middle child, who tends to spend money with no thought of saving for...
A power of attorney helps you prepare for future incapacitation
Although powers of attorney offer protection to those incapacitated by illness or an injury, not enough people include them in their estate plans. Many people have a negative reaction to the idea of assigning power of attorney to others. However, drafting powers of...
How do you choose the right business partner?
Your business needs a solid plan upfront and you need to have a vision of what you want for the company. This way, all the steps that you take can work toward achieving this vision. One of those steps may be choosing a business partner to work with. If you do so, how...
Understanding advance health care directives
A crucial part of a California estate plan is the advance health care directive. Even young adults who aren’t yet ready to consider who will inherit their property when they die and develop a full estate plan are wise to have an advance health care directive in...
Why you should aim to avoid probate
Most likely, you already know how your estate will be shared out and who will get what once you are gone. You probably even have everything in a will, tucked somewhere safely. However, are you aware of the process everything will have to go through for your...
As a property owner, should you allow subleasing?
If you own commercial property to lease, you have to decide whether or not you will allow subleasing by a tenant. There is no right or wrong answer, but you should consider the totality of the circumstances when making your decision. Below are some pros and cons of...
How can investors protect themselves when flipping homes
There is usually money to be made in real estate if someone has the right skills. There are numerous ways for someone to capitalize on their existing resources by investing in residential real estate. Some people will buy properties to rent out to tenants, creating a...
When do you need to review an estate plan?
All adults should have an estate plan in place so that their loved ones can distribute their assets when they pass away. The estate plan can also cover what you want for your end-of-life care. It’s imperative that these documents remain up-to-date since they’re what...
Should you start a business with the goal of being bought out?
Most people who start a new business aim to grow that business as large and successful as possible. They may bank on its success for their retirement plan. When you hear stories about bigger companies coming in and buying out smaller businesses, you may immediately...