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Articles by Nicholas Fagan
Why Should I Have A Living Will?
Not having a living will is risky. No one will be appointed to make your medical decisions if you cannot make them yourself. A living will (also called a advanced healthcare directive) is a legal document that will declare what kind of treatment you want if you become incapacitated.
How To Establish A Legal Partnership Agreement
Establishing a solid legal partnership is often times favorable for business. If you have already decided that forming a legal partnership is in your best interest, than this guide will help you create a solid partnership agreement.
Uncontested Divorce Information
According to Jennifer Baker of the Forest Institute of Professional Psychology in Springfield, Missouri, 50% of all first marriages will end in divorce, 67% of all second marriages will end in divorce, and 74% of all third marriages will end in divorce. Many times people go into marriages for the wrong reasons, and predicting the future many years down the road is quite impossible. Thankfully, in the U.S. it is quite simple to get a divorce, that’s if it remains uncontested by the spouse.
What Is A Medical Power Of Attorney?
A medical power of attorney is made to give you the power to appoint some one to carry out your medical wishes in the event you can't communicate those decisions yourself, or lack the mental capacity to do so. In short, a medical power of attorney is a plan made in anticipation of a medical emergency.
What Is A Durable Power Of Attorney Form?
A durable power of attorney form is made to help you plan for unfortunate events such as a serious injury or illness. With a durable power of attorney form you can appoint someone to legally act on your behalf, which is called a "agent" or "attorney-in-fact". On the form you can limit your agent to act on your behalf for a limited or very specific task or event. You could appoint a family member, advisor, or a trustworthy friend or institution like a bank.
Prenuptial Agreements - Do's And Dont's
Unless your a lawyer, you probably don't really know much about prenuptial agreements. For example, did you know that prenuptial agreements that "promote divorce" are unenforceable? Or that you can't put anything in your prenup about religion, child custody, and damages for cheating? Before you try to take a wack at filing your own prenup, learn what you can and can't do.
How To Reduce Or Eliminate Your Estate Tax
I bet you probably didn't know that your heirs might have to liquidate ( sell off ) your home or commercial/residential rental properties immediately after your death. This is unless you create an Irrevocable Life Insurance Trust or ILIT.
How To Lease Residential Property For Profit
Basically there are two ways to make money off your real estate investment. You can sell it at a higher price, or rent/lease it out.