In this seller’s real estate market, you may be seeing more real estate listings that include the phrase “as-is”. Typically, when a property is listed “as-is,” it implies that the seller does not want to invest time or money into addressing any problems with the property. What Is an As-Is Property? When a property is…
It has been nearly five years since the VA rules for Aid & Attendance benefits changed drastically. Among other things, the new rule imposed a 3-year look back for transfers of assets, including gifts to persons, trusts or purchases of annuities, deny claims for up to 10 years due to transfer and exempt the value…
Turning 18 is a major milestone in a person’s life, and with it comes new responsibilities and legal rights. One important aspect of becoming an adult is ensuring that you have the necessary legal documents in place to protect yourself and your future. Here are two must-have legal documents that every 18-year-old should sign. Why…
Happy May! The month of Elder Law awareness. To begin the month, we wanted to discuss legal capacity and dementia. We sometimes hear from clients or their loved ones that they believe that a diagnosis of dementia means that the person cannot execute estate planning documents. This is not necessarily true. What Is Legal Capacity…
Connecticut’s Senior Real Estate Tax Relief Program: Do You Qualify? April is the time of year that most of us think about taxes and now that the tax deadline is passed, you may be wondering if there is anything you can do to save money, especially with the increase in the cost of staples like…
Next up in our series about real estate closings, let’s define the important terms included in the real estate contract. First, it is important to know that any contract (and any changes to a contract) for real estate MUST BE IN WRITING because of a law called the Statute of Frauds. The Statute of Frauds…
