then allows for the option to purchase the subject property at a later date. Typically, in a lease-purchase agreement the two parties agree that a portion of the rental fees may go toward an eventual purchase. Commercial and residential leases. This is an agreement signed by a tenant and landlord for use of a property for a business (commercial) or private residence (residential).
2. Estate Planning:
- Wills - Powers of Attorney - Revocable Trusts
Wills. Regardless of your age or the size of your estate, everyone needs a Will. Wills direct how you would like your assets distributed after you pass. Wills appoint the person you trust (Executor/Executrix) to execute the directions in your Will. They can also express your wishes as to whom would act as guardians of your minor children if you were to pass away. Durable Powers of Attorney. A Durable Power of Attorney is a legal document that authorizes an individual (your Agent) to act on your behalf for financial and legal matters should you become incapacitated. Incapacity can occur at any time for various reasons such as a car accident, illness, or other unexpected circumstances. Without a Durable Power of Attorney someone would have to obtain Court supervised guardianship over you which is time-consuming and costly and takes the control of who is caring for you out of your hands. Healthcare Powers Of Attorney Including Living Wills and Advance Directives. A Healthcare Power of Attorney, is a legal document that authorizes an individual (your Agent) to act on your behalf for healthcare decisions should you become
96
Powered by FlippingBook