Frequently, homeowners have more than one mortgage on their property, as well as judgment liens in some cases. For example, you took out a second mortgage along with the first mortgage to cover the purchase price of your home, you got a home equity loan to cover home repairs or remodeling, or a credit card […]
In a novel marketing ploy, a Dutch bank has built a rollercoaster through a property that has been up for sale for the last six months. The wooden framework was installed to give potential buyers a tour around the building. The rollercoaster tour is part of a wider real estate initiative, designed to help home […]
In the old days, invariably I would get a call from a broker claiming to have a “simple” deal that would be easy to get done. Whether it was an all cash transaction between neighbors, a purchaser with superior banking connections or a sponsor deal in a completed building, at least in theory, getting to […]
Generally, businesses need a new EIN when their ownership or structure has changed. Although changing the name of your business does not require you to obtain a new EIN, you may wish to visit the Business Name Change page to find out what actions are required if you change the name of your business. The […]
In New York, the Executor or Administrator of an estate is obligated to address all claims presented within the prescribed time frame and in the form set forth by law. Failure to comply with the requirements of Surrogate’s Court Procedure Act (SCPA) §1802 and §1803 may be disastrous to the creditor. You are a creditor […]
Everyone who creates an estate plan is considering what assets that they want to pass on to their heirs when they die. However, many do not consider what happens to your debts when you pass away. Whether or not your loved ones will be responsible for your debts depends on your estate and the types […]
When I would tell people that I was working on a book about estate planning, many of them looked at me quizzically because they weren’t sure what I meant. Others said, “Oh, that’s not something I need, because I don’t have an estate.” Contrary to popular misconception, you don’t have to own a big house […]
In most cases, there’s nothing “small” about the expenses you have when you start a small business. Dozens of expenses pop up long before you actually open the doors for business. You need a place to work, supplies, furniture and probably employees. For the most part, the expenses you have at start-up are capital expenditures […]
In survey after survey, Americans have not scored well on retirement literacy tests. But a new survey of Americans ages 60 to 75 says 80% failed a retirement income literacy test. The results of the poll, released today by the American College of Financial Services in Bryn Mawr, Pa., are pretty dismal. The poll was […]
Ownership of real property i.e., land and the buildings affixed to the land is generally evidenced by a deed, which is generally recorded on the land records in the city or town in which the property is located. When a grantor wishes to transfer real property to a living trust, a deed is prepared that […]