Recent Blog Posts
Understanding the Different Roles of a Will and a Power of Attorney in New York City
An important objective of New York estate planning is to ensure that there is someone who can act on your behalf when you are no longer capable of doing so. This includes not just managing your future probate estate but also situations where you may become incapacitated while still living. That is why it… Read More »
Is an Agent Under a New York Power of Attorney Personally Liable for a Real Estate Sales Contract?
A power of attorney is a legal document where a principal grants an agent authority to act in place of the principal. For example, the owner of a piece of real estate can execute a power of attorney authorizing an agent to sell the property on their behalf. This means the agent can execute… Read More »
The Difference Between a License and a Lease in Brooklyn Real Estate Law
When the owner of real property allows a third party to use all or part of their premises, they can enter into either a lease or a license with that third party. In general, a lease grants the tenant (or lessee) the exclusive right to use the property in question for a specified term… Read More »
A Good Deal or a Trap? What You Need to Know Before Buying a Foreclosed Home in Brooklyn
With the ever-escalating prices of real estate in Brooklyn, many first-time home buyers are understandably seeking a deal. One potential route is to look for a home that is in, or about to be in, foreclosure. While it is often possible to buy a foreclosed home at a steep discount from the going market… Read More »
Frequently Asked Questions About Making a Will in New York City
Every New Yorker should have a will. Making a will is not difficult. But it is important to understand the basic components and requirements of a will beforehand. Here are some answers to common questions our office receives about making a will in New York. Can Anyone Make a Will? Any person who is… Read More »
Base Rate, APR, and Points: How Much Will You Pay for a Mortgage in Brooklyn?
Brooklyn real estate buyers typically do not pay for their purchase of a residential property in cash. In most cases there is a mortgage. In simple terms, a mortgage is a loan used to purchase real estate with the property itself serving as the collateral. The borrower must make monthly payments of principal and… Read More »
What Happens to a Brooklyn Resident’s Property If They Die Without a Will?
By some accounts, only about one-quarter of all U.S. residents have made a last will and testament. Not surprisingly, will adoption tends to be significantly lower among younger people. And while nobody wants to think about death, it is important for everyone, regardless of age, to have a comprehensive estate plan that includes a… Read More »
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