Monthly Archives: July 2017

  • A Detailed Outlook To Lease Extension

    There are many people all around the world which occupy land, house, flat, or building for a certain period of time on exchange of some money. If you have taken a building on lease, then you can use the building in any form that you want, but you are not the legal owner of that building. That building can be sold or bought in the open market to anyone.

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    Why extend your lease?

    Most of the leaseholders can occupy a certain space for a limited period of time such as 50 to 100 years. But the actual value of the space starts to decrease with time. A property with short lease time or whose lease time period is going to expire soon is hard to sell. Extending lease will also cost you a lot at this stage. So, once you have acquired the right to purchase the lease extension, it is best to sell it at a high market price. If you are having some problem in extending your lease, then there are many companies which can help you to extend your lease which is going to end soon.

    Eligibility to extend your lease

    Some conditions that need to be fulfilled with your lease extension are mentioned below.

    • You must be a tenant or lease holder of that property for more than 21 years of the original term. You can extend your lease only and only after the expiration of that time period.
    • You must be the owner of that lease and have passed at least 2 years after the date of claim.
  • Estate Planning Attorney For The Anticipated Division Of Your Assets And Estates

    This article was provided by jcloudlaw.com

    Planning of death is not an easy task for the people but it is important if you want to die peacefully.  It mainly includes the preparation of your will and estate planning so that all your assets and estates can be distributed to your heirs or children according to your own will.  There are many people who think that death planning is mainly related to preparation of the last will and testament while in reality it is much more than that. It includes health care directives, preparation of estate divisions, handover of the power of attorney and assigning someone to take your care in case of disability or mental illness. There are many more things which are preplanned by the individuals with the help of estate attorney. In Scottsdale, there are so many estate planning attorneys who help in planning your death.

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    Keep your estate plan updates

    Once, you have prepared the estate plan and other documents related to your wish, you should get it updated periodically. This is because things do not remain the same every time. Thus, no matter if you have already prepared the documents and will by the Scottsdale estate planning lawyer, update it easily with the right help. Your last updated documents and the will document shall be considered as the final one.

    The estate attorney has to present the related documents in front of the family members upon your request or if you have fallen ill or die. It will let them know about your wish and distribution of property and power in the family.