Getting started on your estate plan may have you thinking about how you want your property distributed after death, how your family will get on without you and numerous other aspects that could relate to your demise. However, when creating this type of plan, you may want to remember that it can also prove useful
The amount of the EMD should be discussed with your real estate agent. As a seller, this can be an important consideration to prevent a buyer from walking away from the contract. For a buyer, the “good faith” deposit amount confirms to the seller your intent to complete the transaction. What is an Ernest Money
Slowly but surely, everything is falling into place. You have financing and office space, supplies and inventory. You have a rock-solid business plan, vendors and clients who are eager to get started. You have a partner who promises to be a powerful force who can help to propel your new business into a successful future.
Business and taxes go hand-in-hand for entrepreneurs in the first few months of the year. This consideration is important because the structure of a business has future tax implications for the life of the company. Entrepreneurs must make this legal decision early on in a company’s history, and due to future considerations, should do everything
A Seller Property Disclosure is a requirement in a standard residential sales contract. Only the seller may complete and sign this form. The agent or property management company is not authorized to sign on their behalf. It requires a seller of residential property to disclose all known & latent defects (they have actual knowledge of)
A Power of Attorney (POA) is a legal document executed by a Principal (buyer or seller) that designates an agent, referred to in this document as the Attorney in fact, to sign on their behalf. In the State of Maryland, it is suggest that you use a statutory POA form when such a power is
What is an Advance Medical Directive? An advance healthcare directive, also referred to as a living will, personal directive, medical directive, or advance decision, is a legal document in which you can specify what actions should be taken for your health care in the event you are unable to make them for yourself. A living
On behalf of Fox & Moghul posted in Business Law on Wednesday, June 14, 2017. Our proximity to the capital puts us in a unique position in the business world. Many businesses in Loudoun, Fairfax, Arlington, Prince William and Spotsylvania Counties, Alexandria City and Washington DC and Maryland provide services to the U.S. government in some form or another.
What is a Last Will and Testament? This is a legal document; It communicates a person’s last wishes to their dependents, and the handling of personal assets. This also provides the opportunity to make specific bequeaths to individuals and charities, to make unequal bequeaths and to provide for particular circumstances or concerns (e.g. a child
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