Monthly Archives June 2019

Creative Financing

If a buyer does not have sufficient credit to purchase real estate, an alternative method of doing so is a Land Contract. Such a contract is a very flexible agreement between the buyer and seller to allow a buyer to have purchasing rights to the property. The deed does not transfer until the contract is paid off. The buyer and seller set the terms of the contract, and a bank is not involved. Negotiate terms of the contract to include down payment, interest rate, length of amortization, who pays taxes and insurance, and who pays for cost of title work.
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The Truth About Revocable Trusts

Revocable trusts can help families create proper estate planning for future generations. However, revocable trusts are not for everyone. The negative factors must be weighed against the benefits. One of the negative factors of a trust is the price up front. It is typically three times as expensive as a will package. Another negative factor to a revocable trust is the “homework” for the client to transfer assets into the trust, including bank accounts, titles, and some beneficiary designations. However, there are many positive aspects of having a trust. The transition of assets to beneficiaries after the death of grantors
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NonDisclosure Agreements

In light of recent mention of “nondisclosure agreements” (NDAs) in the media, it may prove instructive to point out that these “confidentiality agreements,” as they are also known, are fairly common in business settings as a means of keeping trade secrets and other confidential information private. They are legally enforceable contracts establishing a confidential relationship between a person who holds a trade secret, and a person to whom the secret will be disclosed. Such trade secrets might include: plans for a new product, client information, sales and marketing plans, a unique manufacturing process, customer lists, software, passwords, system specifications and
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Attention Graduates!

The excitement of graduating from high school cannot be overstated. It is an exhilarating time for students and parents alike. The thought of going off to a distant city and a new college, or going out into the work force, is filled with nervous excitement for the young adult. As each person heads out into their new life, it is important to understand that because they are legal adults over the age of eighteen, it is necessary to sign Health Care Power of Attorney and General and Durable Power of Attorney documents so that their parents can continue to make
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