Camden Delaware Real Estate Law Blog

Some Delaware residents may consider themselves control freaks and not think of that characteristic as a bad one. However, there will likely be times in a person's life when he or she cannot control every aspect of a situation. In particular, if an individual becomes incapacitated and loses the ability to make decisions, someone else will need to take control.

Fortunately, this type of scenario does not have to be entirely frightening. Individuals who enjoy having control can plan ahead to ensure that if someone else must make decisions on their behalves, then an appropriate party will be appointed. Typically, a person can utilize a power of attorney document in order to make that appointment. It is important to choose the right version of this document.

It is common for Delaware residents and people across the country to have the intention of carrying out certain actions. Of course, if those intentions do not actually turn into taking active steps toward an end result, many important tasks may go unfinished. For instance, when it comes to estate planning, many adults intend to get around to it, but some do not before it is too late.

In fact, only four out of 10 adults have created wills, according to surveys. This statistic means that a substantial number of adults have so far left their final affairs up to chance. Some people may think that they are not old enough to create an estate plan or that they do not have enough assets, but in reality, any adult with any number of assets could benefit from having this plan.

Buying a home is a milestone many people in Delaware and elsewhere want to reach. Of course, navigating the world of residential real estate is not easy, and without the right information, potential homebuyers could end up facing complications. Starting off on the right foot could make all the difference for those looking to buy their first home or even those who have purchased before.

It was recently reported that 37 percent of Americans are looking to buy a new home sometime in the next two years. For those in the millennial generation, 52 percent are hoping to buy a home. At this time, the real estate market is seeing much more demand than supply, which has resulted in high prices for residential property. In fact, individuals planning on buying their first homes will need approximately 23 percent of their income to buy, and that percentage is the highest it has been in the last decade.

When a loved one passes away in Delaware, his or her family faces the responsibility of settling his or her estate. This is a potentially complex process, particularly for those dealing with the grief and complications that often follow a death in the family. Executing the estate, which is the process of dealing with all money and assets, will be the responsibility of one person, either named in the will or appointed by the court.

If you learned you are the executor of a person's estate, you may feel overwhelmed by this task. In fact, you may be unsure of what to do. This can be a lengthy and potentially complex process, and you would be wise to have guidance as you walk through it. Having support can ensure you avoid missteps and complete the process in a timely manner.