Blackacre Law LLC

What you should know about the real estate closing process

Tue, 04 Jul 2023 21:39:49 +0000

Real estate is likely the most expensive purchase you will ever make. After you found the house of your dreams or commercial property that meets your needs, you have to go through a lengthy closing process. Although the closing process may seem complicated, understanding the steps you have to take can alleviate your stress. This is what you should know.…

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What should I do with my real estate after I die?

Mon, 03 Apr 2023 19:22:38 +0000

For most people, real estate is the most valuable asset they own. When you are creating your estate plan so you can pass your assets to the next generation, you will have to consider what to do with your real estate. Keep it in the family? Sell it? There are several things to consider, all of which have important implications…

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What to look at when purchasing vacant land

Tue, 03 Jan 2023 20:15:46 +0000

People purchase vacant land for many reasons, such as building a house or starting a small farm. The prospect of taking an empty piece of property and making it their own can be very exciting for most. However, it is important to take a step back and consider all the factors when making such an important decision. Here are a…

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The top 5 estate-planning documents you need to secure your future

Mon, 03 Oct 2022 15:20:39 +0000

The estate-planning process is complex and involves more than just a will. Make sure you have several specific documents ready in the unlikely event of your death. 1. Last will and testament Create a will if you do nothing else. Identify your personal representative for the estate. List your beneficiaries and how the probate court should transfer your assets to…

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Things to consider before purchasing a second home

Wed, 06 Jul 2022 15:05:22 +0000

Many people buy a second home for a place to stay on vacation, to offer to relatives as a getaway, or as a source of rental income. However, as with any real estate endeavor, there are some specific things to think about when it comes to investing in a second home. Here are some things to consider if you are…

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How is a will and a living will different?

Fri, 08 Apr 2022 21:48:17 +0000

Most people are familiar with the concept of a will. Living wills have also become common in recent years. However, if you are not sure what the difference between the two is, you are not alone. What is the difference between a will and a living will? What is a will? Wills specify how people want to distribute their property…

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What is title insurance?

Wed, 05 Jan 2022 20:34:49 +0000

Title insurance is one of many costs associated with purchasing a home. When you close on the property, you must show proof of a clear title. Get the facts about title insurance in South Carolina to prepare for this expense as you shop for local real estate. Purpose of title insurance In a real estate context, the word title means…

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Do you need to update your will?

Fri, 01 Oct 2021 20:07:23 +0000

Your will is the foundation of your estate plan. This document outlines what you want to happen to your assets after you die, but many people have yet to create one of these documents. According to a survey conducted by Caring.com, approximately 4 out of 10 adults in the U.S. have a will or a living trust. Even if you…

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3 signs your father may be vulnerable to undue influence

Thu, 01 Jul 2021 19:48:43 +0000

If your elderly father is writing a will, forming a trust or undertaking any other estate planning process, he is doing better than most. In fact, according to a recent study, almost 70% of Americans have not written even a simple will to address ownership of assets after death. You should be able to trust your dad’s estate plan to…

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Two POAs ensure you and your family can manage unexpected events

Mon, 05 Apr 2021 16:51:47 +0000

You may be enjoying family life as a young parent, or you may be looking forward to the onset of your retirement years. What happens if you become incapacitated due to an accident? What happens if dementia clouds your retirement picture? Two power of attorney documents can help. The POA for healthcare By creating a power of attorney for healthcare,…

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