The Importance of Creating a Will and Trust After Having a Child

If you’ve recently had a baby, it’s easy to become swept up in all the emotions that come with being a new parent. When you have a child, it’s a good time to make plans to protect your family’s future. Below, learn about the importance of a will and trust after you’ve welcomed a new…

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The Mortgage Financing Contingency Clause

Real estate sales are usually subject to many contingencies, and the mortgage financing contingency is one that often causes considerable headaches for buyers and sellers. At the most basic, a mortgage contingency clause says that if a buyer cannot secure a firm loan commitment within a specified time, then the buyer can cancel the purchase…

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What To Do With Our Deed Now That We Are Divorced

The divorce decree doesn’t take care of everything. You often need to take extra steps to protect your financial interests. This is particularly true when it comes to any real estate you own jointly with your former spouse. Even when the property is awarded to one partner, the other partner’s name remains on the deed.…

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When Offers to Purchase Are Enforceable

Most of the time, when you offer to buy something, you can’t be held to that offer. Usually the offer must be accepted, and some form of consideration must change hands to create an enforceable agreement. But an “offer to purchase” can be the exception when it involves real estate. If buyers submit an offer…

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The Importance of Communication

Whether you are a buyer, a seller, a lender, or an agent representing either side, it’s hard to overstate the importance of communication in real estate transactions. An attractive property and a lucrative offer will entice buyers, but only good communication skills will take a deal all the way to closing. Below are a few…

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Does Having a Trust Prevent a Future Probate?

Hint: It Can! Speak With an Attorney To Learn Your Options If you’ve done any estate planning research, you’ve likely seen the word “probate” and all the scary adjectives surrounding it. So what is probate, why do you want to avoid it, and does having a trust prevent a future probate case? At Jordan &…

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What Happens With Your Mortgage After a Divorce?

You’ve begun the divorce process, and now you must determine what to do with the “family house.” Understanding what happens with your mortgage after a divorce can feel overwhelming when you don’t know your options. Read on to learn about your post-divorce-agreement mortgage loan options in Massachusetts. Your Mortgage Options After a Divorce Whether you’ve…

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Living Trusts and Taxes: You Must Prepare Properly to Minimize Estate Taxes

Most of the trusts created to minimize tax liability are irrevocable. However, the popular revocable living trust the people use to avoid probate can sometimes also be used to minimize estate tax liability for married couples. The trust must be drafted with this intention to accomplish this goal. Otherwise, the IRS and the Massachusetts Department…

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Selling Real Estate from an Estate

If you decide to sell a home owned by an estate still in probate, you need to be careful to follow the rules so the transaction will be valid. Generally, the estate must go through formal probate rather than the informal process. The personal representative will usually need to petition the court for a license…

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Don’t Lose the Value of Your Title Insurance – Get the Right Endorsement After Creating a Trust

Because I work extensively with both real estate law and estate planning, I see one common mistake people make that can cause trouble in the future. Fortunately, there’s an easy fix. Real estate owners often purchase title insurance to protect themselves and their heirs if somebody later challenges the validity of their title to the…

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