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August 2017 Archives

Avoiding inheritance conflict in your will

If your will is written with enough detail and processed in the proper manner, it will be difficult for members of your family to successfully contest against the intentions of your will. However, you may rightly have some concerns about family conflict taking place after your death.

Wealth preservation and estate planning

When planning your estate, of course it is important to consider strategies and techniques to both preserve wealth and cut unnecessary administration costs. Taking full utilization of strategies and techniques can help preserve a vast amount of money further down the line.

Land use and zoning: what you need to know

Zoning is one of the most common forms of regulation when it comes to land use. Municipalities, in coordination with the state, restrict the use of certain zones for property development. This is to have control over urban development, and also to make sure that green areas do not become over-developed.

The cy pres doctrine explained

The cy pres doctrine was formed with the intention to prevent a charitable trust from failing. It has often been applied to different contexts including class action settlements. The concept of the doctrine is to change the terms of a charitable trust so they are restored to their original intentions of the testator, and in changing the terms in this way, the charitable trust would be prevented from failing.

The law when transferring property

There are many instances in which a property owner may want to transfer his or her property onto a new owner. This is called the act of conveyancing. There is an attorney-involved in this process, who takes the desires and needs of the person buying, and converts those desires into a legal document. Then the next course of action will be decided upon in terms of who needs to sign and what title the new owners will hold.

Why even those with modest means may want to set up trust funds

When most people hear the words "trust fund," they probably think that the idea of putting money away for those down the line doesn't apply to them because they're not particularly wealthy. That assumption can only rise out of a misunderstanding of what, precisely, a trust fund is.

How unmarried couples should define their property rights

It is becoming increasingly common for unmarried couples to live together for an extended period of time. Perhaps their intention is to never get married. However, after accumulating property, it is sensible for both parties to come to some sort of agreement on how the property should be divided in the case that the couple separates.

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