No matter the climate of the housing market in Delaware, there may always be those who desire to be homeowners but are not ready for one reason or another. Perhaps their credit has taken a hit or they do not have enough down payment. One option for such buyers is renting to own. While this real estate transaction may seem attractive to both sellers and buyers, there are pitfalls that both sides should be aware of.
As a property owner, you may be unsure of the steps you can take to protect your interests when an issue arises with your neighbor. One of the most common types of disputes between neighbors are those that stem from disagreements over property boundary lines. This can be more than just an inconvenience – it can be a serious legal issue.
It's nothing new to say that kids are expensive, but what happens when paying expenses for adult children cuts into retirement savings? Recent research shows that many near-retirees in the United States do not have adequate savings -- an issue that can be compounded when tuition, wedding expenses and even caring for adult children gets added to the mix. Understanding how to protect their own retirement funds while managing expectations from kids is an Elder Law issue that faces many in Delaware, particularly those with adult children who are not financially independent.
Selling a home can be a challenge. Finding a buyer is only part of the battle when it comes to residential real estate sales whether here in Delaware or elsewhere. Sellers may expect lenders, title agents and appraisers, among others, to have some sort of say in whether the sale goes through, but they probably never expected the homeowners association to be an issue.
Most parents hope to split their assets equitably between children when they pass away. But if one child has an addiction to opiates, alcohol or another substance, parents can become concerned that leaving assets to that child is not a responsible decision. There are a few things Delaware parents can do when estate planning with an addiction in the family.