Franklin Real Estate Law Blog
Should I use a springing power of attorney?
You may be in a situation where a parent is losing the mental capacity to make important financial decisions, but is still competent enough to handle such matters with just a little help. Should you name a designated power of attorney, or use a springing power of...
Timing is critical for home sales
When people decide to sell their home in Massachusetts, the process of readying their property to make it appealing to potential buyers may take time. As soon as they recognize their interest in selling, people may benefit from beginning right away to assess their...
Am I ready to buy a house?
If you are thinking about purchasing a home for the first time, all of the considerations may be overwhelming. Making a property purchase can be a daunting prospect. Of course, whether you are ready to purchase property or not requires a lot of self-reflection, but...
What should you look for while house shopping?
Purchasing a new house always brings with it a whirlwind of information to read over. However, there are a few important but often overlooked aspects of house shopping to keep in mind while searching. Solid foundation The house itself may look good on the outside...
Important things to note about your commercial property lease
As a small business owner, you have to be careful when making business decisions as one wrong choice could cause issues for your business. That is especially true when it comes to finding a storefront for your organization. Where you end up could have a major effect...
What do you know about estate planning for single people?
It seems as if all your friends and family have gotten married or started a family. You, on the other hand, have no plans to wed or have children, a fact that may shock those closest to you. No matter your reasons for deciding to remain single, you may need to pair...
What do you need to apply for a mortgage?
Most people borrow money to buy a house unless they have wealthy relatives, a lot of cash in the bank or they have entered into a lease-purchase arrangement. In order to apply for a mortgage loan, there is some necessary standard information that you are going to...
What is a contract for deed?
You can acquire residential real estate by buying it outright, by having a lease with a purchase option, or you could have a contract for deed. A contract for deed is where the buyer of the property is paying payments either directly to the current owner of the...
Handling real estate in the second marriage
Estate planning is crucial, especially for people who had kids in the previous marriage. This ensures that the children do not get disinherited, and the spouse does not feel left out. The stakes are higher if one does not plan their estate after remarrying. According...
Understanding different types of trusts
Depending on your estate planning goals, establishing a trust could be an important step in your personal process. Trusts protect your assets and preserve your wealth for the next generation. With a trust, you establish an account with a trustee who holds assets on...
