A land trust is a legal agreement in which the ownership of real property is transferred to a trustee, while the beneficiary retains the rights to use and control the property. The trustee is usually a third party, such as a law firm or a trust company, and holds the legal title to the property
At Fox & Moghul, we get frequent calls from real estate investors looking for the “best” asset protection strategy. Well, here is one for the creative types. The Friendly Lien, a clever and innovative approach to asset protection, takes advantage of the legal structure and versatility of Limited Liability Companies (LLCs). This strategy employs the
As lawyers focusing in real estate law, we have encountered our fair share of bizarre and unexpected title issues here at Fox & Moghul. In today’s blog, we will explain what title is, the types of deeds that exist, and why it’s best to buy property in Virginia with a general warranty deed with English
Fox & Moghul has successfully represented many homeowners and/or contractors in construction defect and fraud cases that often involve unlicensed contracting work by companies in violation of Virginia Code 54.1-1110. Embarking on a home improvement project can be an exciting, yet daunting task. When hiring a contractor, you hope that your project will be completed
Fox & Moghul receives many queries every day regarding disputes between business partners. In a Limited Liability Company (LLC) in Virginia, each member and manager owes fiduciary duties to the entity to further its best interests. These duties include the duty of loyalty and the duty of care. In simple terms, fiduciary duties require business
A Quit Claim Deed is a legal document that transfers whatever interest the grantor (the person transferring the property) has in a specific property to the grantee (the person receiving the property), without providing any warranties or guarantees about the title or ownership. This means that the grantor is not making any promises that they
At Fox & Moghul, we are often confronted with challenging issues related to the intersection of business and real estate law. One such topic is the use of LLCs in investing in real estate. The query is often a variation of, “Should I invest through an LLC or just buy investment properties personally?” Are you
Introduction At Fox & Moghul, clients who call us are often confused by the concept of “veil piercing.” This article will attempt to simplify the process. The concept of corporate veil piercing is an important legal principle that allows creditors and litigants to hold shareholders or members personally liable for the debts or obligations of
Introduction At Fox & Moghul, we often get queries by interested clients looking to invest in real estate. And the issue is often whether they should invest personally or through an entity? Investing in real estate can be an exciting and profitable venture, offering a myriad of opportunities for creating wealth and passive income. However,