Many estate plans use equal bequests, meaning that assets are divided up roughly evenly. This may not be possible for tangible assets or family heirlooms, but parents will do what they can to try to make things equal. Siblings may take turns picking family heirlooms...
Elder Law
Is it time to consider a nursing home for your elderly loved one?
Watching a parent or aging family member struggle with daily tasks can be deeply emotional and difficult. You may wonder whether staying at home is still safe or if additional care is needed. While every situation is unique, some signs may suggest that it is time to...
Understanding Delaware’s real estate market: What out-of-state buyers need to know
Delaware continues to attract homebuyers due to its coastal location, no sales tax, and relatively low property taxes. If you're considering purchasing property, it's essential to understand how the local market works. This knowledge will help you make informed...
Delaware charm: Tips for buying a second home in Camden and Lewes
Many buyers from nearby states are discovering the advantages of owning a second home in Delaware, whether for leisure now or retirement later.. Moving from a big city to communities like Camden or Lewes takes planning. Knowing the tax rules, timing your purchase and...
Are death disclosures mandatory if selling Delaware real estate?
Would you buy a home where a death occurred? What about if it were a suicide or a violent homicide? Would those factors deter you as they would some buyers? The question is relevant, as the states have different death disclosure laws when real estate is sold and...
The differences between charitable remainder and charitable lead trusts
Charitable trusts are useful tools for those who want to support a cause while also managing their finances. Two of the most common types are charitable remainder trusts and charitable lead trusts. While both involve giving to charity, they work in very different...
When should young families consider an irrevocable trust?
As a new parent, estate planning may not be high on your priority list. You may be focused more on other financial concerns, such as mortgage payments, childcare costs and career progression. Irrevocable trusts – legal arrangements where you permanently transfer...
Can home sellers patch up defects?
Many sellers do work on their homes before putting them up for sale. They do so to get a better price and to avoid putting off buyers. Nevertheless, some buyers complete a purchase, only to be disappointed when they later discover a problem they feel the seller knew...
5 essential tips for buying a second home in Delaware
Buying a second home is an exciting investment. Whether you're looking for a vacation getaway or a property to rent, Delaware offers unique opportunities. Here are five essential tips to keep in mind before making a purchase. Know your budget and financing options...
3 times to review your estate plan
If you’re worried that your estate plan may become outdated before you actually pass away, one tactic you can use is to carry out annual reviews. You can simply set up a schedule and go back over the documentation. If you think annual reviews are too frequent, you...
