When you're buying a home, a purchase agreement sets the stage for the entire property transaction. Also known as a residential purchase and sale agreement, this legal contract spells out the vital details: how much you're paying, how you'll pay, any conditions that...
Law Offices of Bonnie M. Benson, P.A.
What unmarried couples should include in their estate plans
Unmarried couples in Delaware face unique challenges when planning for the future. Without a legal marriage, partners do not automatically receive the same rights and protections as married couples. An estate plan can help secure a partner’s financial and personal...
What is a dynasty trust and how can it benefit your estate plan?
Have you ever wondered how to protect your family's wealth for generations to come? A dynasty trust might be the answer you are looking for. This powerful estate planning tool can help you preserve your assets and provide for your descendants long after you are gone....
What is the difference between guardianship and power of attorney?
Guardianship and power of attorney (POA) are two legal tools that help manage the affairs of individuals who cannot do so themselves. While both allow someone to make decisions on behalf of another person, they serve different purposes and involve different legal...
What is an advance directive, and why do you need one?
Planning for the future includes making decisions about your healthcare in case you can't communicate your wishes. An advance directive helps ensure your preferences are honored. In Delaware, having one can prevent uncertainty for loved ones and medical providers....
How does a Delaware Asset Protection Trust work?
A Delaware Asset Protection Trust (DAPT) provides strong legal protections for individuals who want to shield their wealth from creditors. Delaware leads in trust law because it allows individuals to control their assets while securing them from financial threats....
Top considerations for buying a second home in Delaware
Are you dreaming of a second home in Delaware? Delaware offers scenic beauty, favorable tax laws and a welcoming community whether you’re considering buying a second home for travel, retirement or investment. However, purchasing a second home is a significant decision...
What are the pros and cons of reverse mortgages for seniors?
Reverse mortgages provide a way for seniors to access their home equity without selling their property. While this financial tool can offer relief, it also comes with potential risks. Understanding the legal benefits and drawbacks can help homeowners make an informed...
Can a landlord enter a tenant’s unit at any time?
As a landlord, maintaining rental properties is one of your primary responsibilities. To fulfill this obligation, you may need to enter a tenant's unit for repairs, inspections or other legitimate reasons. But can you enter whenever convenient? The answer is no....
How can you protect your estate from potential creditors?
Protecting your estate from creditors ensures your hard-earned assets go to your loved ones, not to settle debts. Delaware offers strong legal tools to help safeguard your estate. By planning proactively, you can minimize the risk of creditors accessing your assets....
