Monthly Archives: January 2023
How To Make Sure An Appraisal Lines Up With The Home’s Value
A big part of any real estate transaction is the appraisal of a property being sold. Typically, potential buyers don’t book an appraisal until after they’ve accepted a seller’s offer and proceeded to financing the purchase. (Often, an appraisal will be required by a bank lender to complete financing of the property loan.) When… Read More »
Common Real Estate Disputes And How To Avoid Them
Property disputes happen more often than we’d think, due to the numerous issues and complexities that can arise between neighboring properties. Whether they involve boundary disputes, zoning issues, or some other problem, property disputes can flare up from time to time – often when purchasing or selling real estate. A property dispute typically becomes… Read More »
Inheriting A House With A Sibling: An Overview Of Your Options And Estate Planning Strategies
For most people in New York, their home is among their largest assets. According to data from NeighborhoodScout, the median home value in the Bronx is now above $565,000. Parents may pass their house down to their children through their will or a trust. For siblings, dealing with inherited real estate can sometimes prove… Read More »
Is An Out-Of-State Will Still Recognized As Valid In New York?
America is a mobile society. According to data from The New York Times, approximately 40 percent of people nationwide live in a different state than the one that they were born in. You may be wondering: Is my will still valid if I moved to New York? The general answer is “yes”—though it is… Read More »
Special Needs Planning In New York: Your Guide To ABLE Accounts
People with special needs require specialized consideration in estate planning. Many people with special needs receive public benefits throughout Supplemental Security Income (SSI), Medicaid, or other government programs. Here is the challenge: These programs are strictly means-tested— a special needs person who has too much income or assets may not qualify. Leaving money or… Read More »