Running a business involves making multiple decisions every day. While many of these decisions may be relatively minor, some of them can shape the entire future of the company. That’s why conducting due diligence is so important. Essentially, due diligence means...
An easement is a legal right that allows someone – other than the owner – to make use of a certain piece of property in a specific way. Easements crop up in real estate deals all the time. They’re commonly granted for things like shared driveways or access roads,...
Is it time to update your estate plan? Many people change their estate plans every three to five years. After about five years, many people have new assets they want to add to their estate plans. However, an estate plan can be changed at any time. Some people alter...
As a landlord, you do own the property. But if you have a tenant living in that property who has signed a rental contract, they have a right to privacy. Even as the owner, you cannot just enter their apartment whenever you want. Minnesota recently revised the law in...
You may have heard of wealthy people who decide not to leave an inheritance to their children. In some cases, they decide to give the money away, or they may choose to spend it themselves. It is sometimes shocking to outsiders to see beneficiaries being cut out of...
Estate administration or probate proceedings are not just about transferring assets to beneficiaries or heirs. The process also requires the fulfillment of the decedent's financial obligation. Their personal representative has to communicate with and repay their...
When a loved one asked you to be the personal representative (executor) of their estate, you likely felt good that they trusted you with this responsibility – particularly if there were others they could have chosen. However, the job can feel like a thankless one when...
Contingencies play a crucial role in real estate transactions, providing protections and avenues for renegotiation that can significantly impact buyers and sellers. Understanding these contingencies is essential for navigating the complexities of real estate...
Facing foreclosure on a commercial real estate property can be an understandably stressful experience for any business owner. If you’re currently navigating a risk of foreclosure on a commercial property that you own, know that you’re certainly not alone. According to...
Many buyers view a short sale as a bargain. They get a home for much less than the market value. But it can also be more complicated than a traditional home purchase, and it’s important for these potential buyers – and sellers – to understand what legal steps to take....
