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What You Need to Know About a Reverse Mortgage

When people get older, they want to live a more comfortable retirement. One way to achieve this may be through a reverse mortgage. Unfortunately, however, many people do not understand how reverse mortgages work and how they can impact their families and estate plans in the long run.

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Commercial Building Inspections: What to Expect

If you’re preparing to purchase or invest in a commercial property, there are many legal and financial considerations you’ll have to take into account. The entire process will require you to work with several different parties, such as real estate agents, government officials, builders, contractors, and suppliers.

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Can I Back Out of a Sale if I Already Accepted an Offer?

If you’re buying or selling a home, this is likely one of the biggest financial transactions you’ve made. There’s a lot riding on getting it right, and it’s only natural to get cold feet and second-guess yourself at some point during the process.

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Buying a House in Foreclosure

Purchasing a home can be an exciting but stressful experience, regardless of the details surrounding the transaction. If you are attempting to buy a house that is in foreclosure, however, there are other aspects you need to consider. Consulting with an experienced real estate attorney when you begin the process will be beneficial as you prepare to make a significant investment in your future.

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What Evidence Is Admissible in a Contract Dispute?

If you’ve been in business for any length of time, you’ve undoubtedly entered into several contracts. Hopefully, there are very few issues that arise with these contracts. In some cases, though, you may have to address a contract dispute.

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Mechanic Liens

The construction industry in Pennsylvania and across the United States has a payment problem. It often takes a long time for builders and contractors to receive payment for the construction project executed or supplies for the materials used for the building project. When faced with these payment challenges, a mechanic's lien is a vital legal tool that can help protect the rights of contractors, builders, suppliers, and construction firms to receive payment for a project completed or materials supplied.

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What Are the Elements of a Breach of Contract Claim?

Two or more parties involved in a business transaction often establish contracts or agreements stating each party's obligations and what is expected. When a party to a legally-binding contract defaults on the contractual terms, the aggrieved party may seek remedy by filing a breach of contract claim.

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FAQs About the Pennsylvania Probate Process

In most cases, a will does have to go through probate. Here are several frequently asked questions about the probate process in Pennsylvania and their answers.

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My Parent Remarried. Will the New Spouse Inherit Everything?

If your parent has executed a will or other estate planning documents, you may not worry about what happens to the inheritance you have discussed with them. Maybe your parent is leaving a business to you or some of the family’s heirloom furniture. Those wishes should be expressed in your parent’s estate plan.

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Probate Terms You Should Know

Settling a decedent's final affairs and distributing assets to beneficiaries often require the surviving loved ones to trudge through the probate process. During probate, the deceased person's assets are collected and evaluated, debts and taxes are paid, and the remaining assets are distributed to the rightful beneficiaries and heirs.

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