The Pros and Cons Of Hiring A Real Estate Lawyer

Written by Dascar Daniel

You're travelling in a foreign country and you get arrested for something that you didn't even know was againstrepparttar law. The potential fine is huge, more than you earn in 10 years. Would you represent yourself in front of judges who might not even speak your language? Not if you had any sense you wouldn't. You'd probably hire a lawyer.

Let's think about that. Most people are not willing to risk 10 years salary when they're in front ofrepparttar 119137 judge, yet those same people are willing to risk that same amount of money, or more, whenever they buy real estate in a foreign country.

What'srepparttar 119138 risk? There are plenty.

Not being fully aware ofrepparttar 119139 laws that affectrepparttar 119140 ownership of real estate for starters. In some cases, you're not only subject torepparttar 119141 laws of real estate ownership which affect any property owner in that country, but there may be special laws which affect only foreign owners as well as local laws which differ from jurisdiction to jurisdiction.

Perhaps you're not an expert at readingrepparttar 119142 language thatrepparttar 119143 purchase and sale agreement is written in. Maybe you'll overlook terms or conditions that would be a deal-breaker if you were aware of their presence.

And then there are all ofrepparttar 119144 considerations which affect any buyer whether they are a foreign national or not. Things like zoning or permitted use laws, neighborhood or condo association by-laws, environmental restrictions, tax issues, and all ofrepparttar 119145 other little gremlins that can pop up and turn a great deal into a great deal of misery.

Those arerepparttar 119146 kinds of things that a Real Estate lawyer is trained to handle. It's not good enough to have your family lawyer or corporate lawyer reviewrepparttar 119147 deal. If you want an iron-clad real estate purchase and sales agreement which addresses all ofrepparttar 119148 unique and common issues that you face as a real estate buyer in a foreign country, then you need to hire a real estate lawyer who is licensed to practice in that country. Nothing else is "good enough".

What is Probate?

Written by David R. Baker

What is Probate?

Nobody voluntarily chooses probate. People are too busy or preoccupied with health or other issues to plan. They pass away without a living trust and their heirs----usually their children---- find that they canít sell Mom or Dadís house without a court order or canít transfer Mom or Dadís bank account without court approval. Even with a will, they may be forced to file a probate proceeding.

Alternatives to Probate

Because probate is expensive and time consuming, a responsible attorney first tries to determine if there is an alternative to probate. In California,repparttar most common alternatives to probate are a Spousal Property Petition (if there is a surviving spouse) or a small estate transfer (ifrepparttar 119136 value ofrepparttar 119137 estate is less than $100,000). If these and other alternatives to probate are unavailable, thenrepparttar 119138 only recourse forrepparttar 119139 decedentís heirs is to file a probate proceeding.

Cont'd on page 2 ==> © 2005
Terms of Use