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Steps to Becoming a Landlord
Many real estate investors purchase a property with the intention of renting it to tenants, and only after they have made the purchase do they look into the legal and financial implications. This is a risky course of action that can result in devastating losses....
What Does It Take to Become a Landlord?
When a person purchases a home or a multi-unit property and rents the home or units to others (known as tenants), that person has become a “landlord.” Collecting rents from tenants is one of the oldest forms of income generation, and ownership of real property has...
How can you resolve an inheritance dispute?
Even with proper estate planning, disagreements can occur. In these cases, follow these best practices: Hire a mediator This neutral third party can help family members productively work through differences and typically costs less than a legal battle. Liquidate all...
How to avoid inheritance disputes
Inheritance disputes can be time-consuming, expensive, and emotionally taxing on the surviving family. Fortunately, proper estate planning can help reduce and even prevent disputes from happening. How to avoid inheritance disputes Talk openly and honestly with family...
6 big causes of inheritance disputes
Several factors can lead to inheritance disputes, including: When there’s an inequality in the will An inheritance dispute can occur if a family member wasn’t included in the will or felt another member was favored over the others. This often happens among siblings if...
What are inheritance disputes?
An inheritance dispute occurs when the beneficiaries of a will disagree about how the person’s estate should be divided. How long does an heir have to claim their inheritance? The executor or trustee of the estate is responsible for informing beneficiaries of their...
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