Why an Attorney Should Review Your Rental Agreement

Why an Attorney Should Review Your Rental Agreement

Are you a landlord who has properties being rented out or that you want to rent out? If you do, then you need to have a rental agreement. You might have a standard agreement you found online or through a template. Maybe you are using an old agreement that hasn’t been updated in years. Regardless, you will want to have an attorney review it.

Make Sure You Are Following the Laws

There are certain laws you need to make sure you are following when you are a landlord. You can’t discriminate when it comes to renting out your property, for example, but you may not know all of the ins and outs of how this and other laws work. There could also be outdated text in old rental agreements you are using that could put you at risk.

In some cases, the attorney could find that you and your property aren’t fully protected in the agreement. In those cases, you can work with the attorney to redo the contract before it is presented to the new renters. Although having them draft a new rental agreement may seem inconvenient, most can handle this in a relatively small amount of time.

What If You Are the Renter?

Most of the time, renters don’t think they have to worry about standard rental agreements they have to sign before they can rent an apartment or house because they are standard. While this may be true in many cases, you have to realize that you are still signing a legal agreement. There could be language in there that is not only not in your favor, but that could be illegal, as well.

Rental agreements tend to be relatively simple, so hiring an attorney to look at yours should be fast and affordable. Although it might not be needed, it is something you will want to consider, particularly if you think there is anything odd in the agreement.

Find a Quality Attorney

Whether you are a landlord or you are someone who is renting a piece of property, you are going to need to speak with an attorney. You will want to talk with an attorney who knows and understands real estate law. Keep in mind that not all attorneys are capable of providing you with this type of knowledge. Make sure you are working with the best.

Turn to the experienced lawyers here at Bell Shah Law when you have any type of rental property questions. We will put our years of experience to work for you and ensure you and your real estate are properly represented

Understanding the Succession Plan for Your Will

Understanding the Succession Plan for Your Will

Do you know how to leave your belongings in a way that ensures they will not be distributed the way you don’t want them distributed? The first place to start is with your will. There are many different ways people use wills, and not all of them accomplish what an owner might like for their property after death.

It’s less likely that you’ll be concerned about this because you’re young and healthy, but it could become an issue if something were to happen unexpectedly. What would happen if one day you weren’t able to make decisions anymore? Will everyone know exactly what to do regarding your possessions and assets?

Make Your Wishes Known In Your Will

Leaving a will is the only way to ensure your wishes are followed after death. In other words, who you want to handle your property after you pass away is something you can control when you prepare a will.

Although the process of preparing a valid will isn’t simple, it’s worth doing if you have enough assets to warrant one, according to any law offices in Illinois. If not, there are still steps you could take toward protecting your wishes for your property.

The Basics of Wills

When most people think about wills, they think about their homes or automobiles. However, this type of testament also includes other items like jewelry and personal belongings. Once included in a will, these things go directly to the beneficiaries named in the document.

Everything that was left out would be distributed through either intestate succession or through the state. If you have a will, there is no way anyone else will receive your belongings except in situations where a beneficiary dies before you do.

It is possible to name a contingent beneficiary, but this would only come into play if the person you wanted to receive your property before was not able to do so. The courts too have a say in all of this because they determine who receives what part of the estate.

Divorce and Wills

If you were legally married when preparing your will, the terms within it must be followed by all parties involved. If anyone wants out of the agreement after it’s been written, such as an ex-spouse or former boyfriend or girlfriend, there may be legal ramifications for them breaking their word.

This is why it’s critical that everyone agrees about how things should go over when one party dies. Because there can be disagreements among family members, it’s time to face all of this when preparing a will.

Call Bell Shah Law to Learn More About the Succession of Your Will

The importance of wills cannot be overstated because they are the only way to ensure that your wishes are followed after death is final. If you do not plan on writing one, make sure you at least discuss these issues with anyone close to you. It may seem like something you don’t need right now, but there is no better time than the present to make these plans for later. For more information on your will and how to set it upright, contact Bell Shah Law.

Reasons to Have a Will Confirming that You Want a DNR

Reasons to Have a Will Confirming that You Want a DNR

A do not resuscitate (DNR) order has one specific use. It is a legally binding directive signed by a physician at the request of a patient to inform medical personnel that a patient wishes not to be resuscitated when cardiac arrest occurs or when breathing stops. By and large, DNRs are included in wills when individuals are suffering from chronic or terminal illnesses. Some examples are heart or lung ailments that may call for the use of cardiopulmonary resuscitation (CPR) in an emergency.

People Have Requests on How They Pass On

The most common reason to include DNRs in wills is that individuals recognize their bodies are unlikely to completely recover from a resuscitation attempt. They no longer wish to be revived out of concern that the application of CPR may be ineffective. It could even result in bodily harm, brain damage, or long-term physical impairment. They do not want this type of situation to happen.

When CPR is administered to elderly or extremely ill patients, it leaves a lot of damage behind. Their bodies are often not able to get back to normal after being deprived of blood flow for minutes or even seconds. The probability that individuals will survive only to remain in a comatose state or be paralyzed for a long period of time is high in such cases. CPR also most often leads to bruises and broken ribs or even lacerated organs. In addition, ventilator machines are applied to breathe for patients, potentially harming the vocal cords and lungs. Finally, CPR recipients need a period of further treatment to undo excessive acid buildup in the body from oxygen deprivation. Then, they need to recover from the injuries resulting from the resuscitation attempt.

Letting People Know Your Wishes Makes a Big Difference

Would you want to be resuscitated if you understood the high probability that CPR would cause bodily damage and possibly lead to life in a coma? Most people would opt for a relatively quick and hopefully painless passing instead. That is what a DNR provides.

Learn more about how to create a DNR. Let us answer your questions regarding how to have this form added to your will.  Contact the experienced attorneys at Bell & Shaw Law, LLC today to discuss your situation more fully.

Can You Transfer Ownership of a House in a Will?

Can You Transfer Ownership of a House in a Will?

One major goal of creating a will is to transfer property to individuals who survive a deceased person, typically family members or close friends. The property falls into two principal categories: real and personal. Real property consists of buildings and land, and personal property includes tangible objects such as jewelry and vehicles as well as intangible items such as cash, stocks, and bonds. Ownership of real property, for example, a house, can be transferred through a will as a bequest or gift.

Transferring Ownership of a House through a Will

Title to a house transferred in a will can only pass to a recipient after the probate process has been finalized. The will’s executor, the person assigned to carry out the terms of the will, initiates the process by filing the will with the local county probate court. The probate judge then authorizes the executor to follow the instructions spelled out in the will. The executor first creates a record of all the estate’s liabilities and assets, then takes care of the estate’s debts, and finally allocates property to the beneficiaries consistent with the terms of the will. If the house has a mortgage, the beneficiary acquires the property along with the mortgage.

Transferring the Title to the Beneficiary’s Name

After the house is obtained, the beneficiary is required to have the title transferred to his or her name. The transfer process varies from state to state, but most often involves applying for a transfer of title with the office of the local county recorder, which usually necessitates paying fees, supplying a certified copy of the previous owner’s death certificate, and sometimes the title to the house.

Since probate can be extremely time-consuming and complex, you may choose to transfer your house in a way that avoids having to go to probate court. Also, depending on the number of your assets, your estate could be required to pay estate taxes.

Bell & Shah Law Is Here to Help

No matter which method you choose to transfer ownership of your house, it’s important to consider the various conditions and possible complications before beginning the estate planning process. The knowledgeable attorneys at Bell & Shah Law, LLC can assist you in creating a plan that will best suit your needs and those of your family. Call us today for a free consultation.

What Goes Into a Remote Closing and Could It Help You?

What Goes Into a Remote Closing and Could It Help You?

When unable to attend an in-person for the purpose of buying a home, you can carry out the entire process from any location on the planet. Thanks to recent technological advances used to conduct virtual meetings, such as Zoom and Skype, and DocuSign for securely transferring critical documents, doing a remote closing is easier than ever.

You Can Do All In-Person Procedures Remotely

Traditional closings call for many moving pieces, including:

  • Notarized copies of all documents from the builders or title company’s office
  • Purchasing information about the home
  • Appraisals and home inspection documentation

After completing the closing, the courthouse must receive copies of all contractual data. Handling these activities remotely requires some extra time and energy. However, it’s extremely helpful for those whose schedules don’t permit in-person transactions. Many buyers today already carry out remote closings.

You Can Also Do Remote Notarizations, Document Signings, and Payments

Most documents for real estate deals require notarization. However, you can handle notarizations without having to hold in-person meetings. For instance, in a virtual meeting via Zoom, individuals can show ID to a notary, who can then scan and fax the documents with the appropriate signature. You can also handle virtual conferences in conjunction with services like DocuSign. They offer options like eSignature, which is a system for signing documents electronically on various devices.

Where a traditional closing may require a cashier’s check or certified funds, virtual closings often use wire transfers. The technological advances of recent decades now allow almost all such business transactions to be accomplished virtually. However, it’s important to consult the professionals involved in a given case to fully understand how to complete a virtual closing.

For More Help with Remote Closings, Contact Bell & Shah Law Today

For top-notch help in carrying out a remote closing, contact Bell & Shaw Law, LLC today. We will have you discuss your situation with one of our knowledgeable real estate lawyers, who can assist you with completing all stages of the process.

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