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March 2016 Archives

How do rent-to-own contracts work?

Clients come to us with many different types of real estate issues. They may be buying a home for the first time or they may be trying to divide a home after a divorce. One topic that may be of interest to our readers and those considering buying a home is the choice of renting to own.

How estate planning can guard against financial elder abuse

We often discuss the importance of setting up trusts or writing a will early on in life in order to have all your ducks in a row, so to speak. But oftentimes there are individuals that hit their 70s and 80s without any sort of estate plan or long-term care plan in place. In these situations, there is often an adult child or a friend who starts trying to figure out a way to help the aging adult.

Importance of working with an attorney on your real estate deal

Real estate transactions can be extremely complicated on top of the actual act of having to find and secure a home. If something is not properly written out or filed, it can cause a lot of problems down the road. In our state, title commitments and title insurance can only be issued by an attorney, so it is important to work with an attorney that has experience with real estate transactions.

What should you consider when picking a guardian?

In our last post we started talking about guardianships and the various reasons an individual may need to seek one. For those that are elderly and wanting to select a guardian as part of their overall estate plan, there are some things to consider when making that decision.

Reasons to seek a guardianship

It may not be something most people think about, but the concept of a guardianship can be very important to a person’s future. As we age, at some point we may not be able to make certain decisions for ourselves anymore due to declining mental ability. Similarly, a parent may seek a guardianship for a child who is mentally handicapped or disabled who has turned 18. Finally, a guardianship may also be sought if a minor child’s parents cannot care for the child or if the child may have lost both of his or her parents.

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Camden Office
306 East Camden Wyoming Avenue
Camden, DE 19934

Phone: 302-697-4900
Fax: 302-697-4901
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Lewes Office
33718 B Wescoats Road
Lewes, DE 19958

Phone: 302-644-7181
Fax: 302-644-7182
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