Three Types of Bankruptcy a Tenant Might File
There are three types of Bankruptcy that a tenant might file: If you have a tenant that files for a Chapter 7 Bankruptcy, you will more than likely lose out on any back rent owed, and the tenant can be evicted AFTER the automatic stay is lifted. If a Chapter 11 Bankruptcy is filed, the […]
February 25, 2021
Three Things Realtors Should Know About Bankruptcy
There are Three Things that Realtors should know about Bankruptcy: First, Property Managers need to be aware of the automatic stay that goes in place when someone files Bankruptcy. If you have a tenant that has filed Bankruptcy, you may be violating that stay if you attempt to collect rent payments or evict the tenant […]
February 25, 2021
Now is the Best Time to get Your Estate Plan
If you haven’t read our blog before you might not know: One of the most important things about a living trust is that if you set it up and fund it correctly, then the people that you leave behind when you pass away will not have to go to probate court in order to get your property. […]
February 19, 2021
The 3 Levels of Estate Planning
There are generally three levels of estate planning [POA = Power of Attorney]: Will, POA over Healthcare, POA over Financial Living Trust [includes level 1 items] Asset Protection Trust [include level 1 items] Probate is a court case that friends/family [heirs] have to file to obtain control of the estate. A will is an instruction manual for […]
February 12, 2021
What Happens when One Spouse Passes and Leaves a Home?
Today I want to discuss a question that comes up quite frequently: What happens if my spouse passes away and they were the only one on Title to the marital residence? The short answer is that the spouse who is left behind will more than likely have to go to probate court. For example, if […]
February 1, 2021
Selling a Home through Probate
Many times when someone dies, the major asset that they leave behind is their home. The home needs to go through probate court, unless there’s a trust in place or some other form of estate planning, whereby the house passes outside of probate. But in the normal everyday situation, if you don’t have an estate […]
January 29, 2021
The Importance of an Estate Plan if You Have Minor Children
Although having an estate plan is always important, there is an emphasized importance when you have minor children. The big deal about having a proper estate plan in place when you have minor children is that you really need to think about guardianship provisions. The guardianship provision in an estate plan makes it clear who […]
November 6, 2020
Why You Should Use an Attorney to Form Your Business Entity
I have heard that a lot of people form their own business entities through legal zoom type services or by going directly to the Secretary of State without any council or tax advice. These are often the people who ask, “Why should I use an attorney to form my business entity?”. I wonder, if the […]
October 30, 2020
Fictitious Firm Names
If you have a business entity, whether it is an LLC or a corporation, and are doing business in any different form of the name, then you may want to consider filing for a fictitious firm name (FFN), otherwise known as a DBA (doing business as). For example, we are technically “Morris Law Center, LLC”. […]
October 23, 2020
How to Start Probate
If you find yourself in a situation where a loved one has passed away and you know that you’ve got to do something, most likely file probate, you will probably need an attorney. Today I want to give you an idea of the process and some insight on questions and documents that an attorney may […]
October 16, 2020