The Securities and Exchange Commission announced an enforcement action against an investment advisory firm that failed to properly prepare clients for additional transaction costs beyond the “wrap fees” they pay to cover the cost of several services bundled together. In wrap fee programs, subadvisers typically use a sponsoring brokerage firm to execute their trades on behalf of clients, and the costs of those trades are included in the annual wrap fee that each client pays. An SEC investigation found that Richmond, Va.-based RiverFront Investment Group disclosed to investors in Forms ADV that client trades were typically executed through the sponsoring broker so the wrap fee would cover the transaction costs. But RiverFront actually used brokers besides the wrap program sponsor to execute the majority of its wrap program trading, resulting in additional costs to clients for those transactions. While RiverFront did disclose that some “trading away” from the sponsoring broker could occur, the firm inaccurately described the frequency, rendering its disclosures materially misleading. RiverFront agreed to settle the SEC’s charges. “Investors were misled about the overall cost of selecting RiverFront to manage their portfolios,” said Sharon Binger. “Investors in wrap fee programs pay one annual fee for bundled services without expecting to pay more, so if subadvisers like RiverFront trade in a way that incurs additional costs to clients, those costs must be fully and clearly disclosed upfront so investors can make informed investment decisions.” The SEC’s National Exam Program has included wrap fee programs among its annual examination priorities, particularly assessing whether advisers are fulfilling fiduciary and contractual obligations to clients and properly managing such aspects as disclosures, conflicts of interest, best execution, and trading away from the sponsor. The SEC’s order against RiverFront finds that the firm violated Sections 207 and 204 of the Investment Advisers Act of 1940 and Rule 204-1(a). Without admitting or denying the findings, RiverFront agreed to be censured and pay a $300,000 penalty, and the firm must post on its website on a quarterly basis the volume of trades by market value executed away from sponsors and the associated transaction costs passed onto clients. Investment Adviser LawThe Securities and Exchange Commission proposed a new rule that would require registered investment advisers to adopt and implement written business continuity and transition plans. The proposed rule is designed to ensure that investment advisers have plans in place to address operational and other risks related to a significant disruption in the adviser’s operations in order to minimize client and investor harm. “While an adviser may not always be able to prevent significant disruptions to its operations, advance planning and preparation can help mitigate the effects of such disruptions and in some cases, minimize the likelihood of their occurrence, which is an objective of this rule,” said SEC Chair Mary Jo White. “This is the latest action in the Commission’s efforts to modernize and enhance regulatory safeguards for the asset management industry, which includes rules previously proposed that would modernize the information reported to the Commission and investors, enhance fund liquidity management, and strengthen the regulation of funds’ use of derivatives.” Business continuity and transition plans would assist advisers in preserving the continuity of advisory services in the event of business disruptions – whether temporary or permanent – such as a natural disaster, cyber-attack, technology failures, the departure of key personnel, and similar events. The proposed rule would require an adviser’s plan to be based upon the particular risks associated with the adviser’s operations and include policies and procedures addressing the following specified components: maintenance of systems and protection of data; pre-arranged alternative physical locations; communication plans; review of third-party service providers; and plan of transition in the event the adviser is winding down or is unable to continue providing advisory services. The plans would be required to address these elements that are critical to minimizing and preparing for material service disruptions, but would permit advisers to tailor the detail of their plans based upon the complexity of their business operations and the risks attendant to their particular business models and activities. The proposed rule and rule amendments also would require advisers to review the adequacy and effectiveness of their plans at least annually and to retain certain related records. In addition to the proposed rule, SEC staff issued related guidance addressing business continuity planning for registered investment companies, including the oversight of the operational capabilities of key fund service providers. The proposal will be published on the SEC’s website and in the Federal Register. The comment period will be 60 days after publication in the Federal Register. Smaller Reporting CompanyIn 2016, the SEC issued proposed rule amendments that would increase the financial thresholds in the definition of smaller reporting company as used in the SEC’s rules and regulations. If adopted, the proposal would expand the number of registrants that qualify as SRCs. • Less than $250 million in public common equity float as of the last business day of their most recently completed second fiscal quarter. The proposed rules would also amend the definitions of accelerated filer and large accelerated filer to eliminate the provision in each that specifically excludes SRCs but would preserve the provision regarding the size of companies that are subject to the accelerated filer disclosure and filing requirements. As a result, companies with $75 million or more of public common equity float would maintain SRC status under the amended definition, but would become subject to the requirements that apply currently to accelerated filers, including the: (a) Reduced timing to file periodic reports; and (2) Requirement that accelerated filers provide the auditor’s attestation of management’s assessment of internal controls over reporting required by Section 404(b) of the Sarbanes-Oxley Act of 2002. Failure to Disclose Lawyer Free ConsultationIf you have an issue with failure to disclose law, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506 via Michael Anderson https://www.ascentlawfirm.com/failure-to-disclose-law/
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You are considered a child and under the legal custody of a parent or guardian until you turn 18 (in most states), when you are granted adult status, also called the “age of majority.” Adults, of course, and minors who are “emancipated” do not need a parent’s permission to sign a legally-binding contract, get medical care, enroll in vocational school, or engage in other activities that otherwise require a parent’s permission. When a minor is emancipated, through court order or other means, the minor legally becomes an adult. Should You Get Emancipated? Many a teenager fantasizes about living on their own. But in reality, the day-to-day responsibilities can be overwhelming even for seasoned adults. This is not to say that there aren’t good reasons for moving out and getting emancipated. But minors must carefully weigh the pros and cons, while making an honest assessment of their needs. So before you ask, “How do you get emancipated?” you should ask whether you should get emancipated. Consider the following:
Every situation is unique, but here are some scenarios where it may be a good idea to become emancipated from your parents:
If you’ve carefully considered your reasons for becoming emancipated and have a clear understanding of what it means to live on your own, it’s time to explore your options. How Do You Get Emancipated Without a Legal Declaration? It is possible to become emancipated without going through a complicated court process, but the options are limited and require a parent or legal guardian’s permission. In some states, if you get married before reaching the age of majority, you may become emancipated without a court’s permission. In Pennsylvania, for example, minors aged 16 to 18 who marry are automatically emancipated. Government agencies in that state generally have the authority to decide whether a minor is emancipated without the need for court approval. The other out-of-court option for getting emancipated is by joining the military, which also requires a parent or legal guardian’s permission. The legal minimum age for joining the U.S. Armed Forces is 17. How Do You Get Emancipated Through a Court Order? If you are not married or enlisted in the military, or are unable to get parental permission, you may file for a declaration of emancipation in court. Some states (like Delaware and Maryland) do not allow for the emancipation of minors by court order. Other states require the minor to be at least 16. In Utah, for example, minors as young as 14 may become emancipated. States that allow for judicial emancipation will consider whether it serves the minor’s best interests. The following considerations typically figure into the court’s decision:
State emancipation laws vary, but most state courts charge a filing fee of between $150 and $200. You must file the petition with the court and notify your parents or legal guardians (required by most states). Then the court will schedule a hearing. At the hearing, the judge will ask questions and hear evidence before deciding whether you should be emancipated. If the court rules in your favor, you will be issued a declaration of emancipation (copies of which may be given to doctors, schools, landlords, etc.). Emancipation Lawyer Free ConsultationWhen you need legal help with emancipation, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
via Michael Anderson https://www.ascentlawfirm.com/emancipation-law/ There are three types of patents: design patents, utility patents, and plant patents. Utility patents are available for processes, chemicals, and machines. Plant patents are for the invention and asexual reproduction (reproduced by means other than from seeds) of a new and distinct plant. Finally, a design patent protects the design or unique appearance of a manufactured object. This article will focus on design patents, and more specifically, the elements of a design patent application. The most important aspect of a design patent application is the drawing (or photograph) of the design that the person is seeking patent protection for. Thus, it’s imperative that all drawings (or photographs) included with the application are of the highest quality and conform to all the rules and standards required by the USPTO. IP Lawyer Free ConsultationIf you are here, you probably have an IP issue you need help with. If you do, please call Ascent Law for your free law consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506 via Michael Anderson https://www.ascentlawfirm.com/design-patent-law/ There are various rules when it comes to evicting a tenant. These rules vary from state to state, and even from city to city within a state. There are some general issues, however, that landlords and property managers should be aware of when evicting a tenant, including:
These are important topics for landlords and property managers to be aware of when deciding to evict a tenant, as they will affect the eviction process. And, while it’s best to research the specific laws in your jurisdiction, having a general understanding of the rules for evicting a tenant can help you better understand the laws in your state. Eviction Notice for Cause An eviction notice for cause may come in a variety of forms, but they all stem from a tenant doing something wrong or against the terms of the lease. In general, there are three types of eviction notice for cause. First, pay rent or quit notices generally are sent when a tenant is delinquent in paying rent. These notices normally give a tenant a short period of time, set by state law, in which to pay rent or else be subjected to a lawsuit for eviction. Second, cure or quit notices are generally mailed out when a tenant does something wrong or violates a term of the lease agreement. Like a pay rent or quit notice, these notices generally provide a tenant a short amount of time in which to cure the defect or else face eviction. Lastly, unconditional quit notices are very hard on the tenant. These eviction notices can generally only be used when a tenant has a pattern of paying late rent, refusal to pay rent, seriously damaged the rental property, or engaged in dangerous or illegal activity on the property. Which notice is the proper eviction notice for a landlord to send to a tenant when evicting a tenant depends upon the laws of the states. In states where the laws favor landlords, sometimes unconditional quit notices could be sent in situations where a pay rent or quit notice would be sent in another state. Eviction Notice Without Cause Unlike an eviction notice for cause, an eviction notice without cause means that the landlord does not have to have any reason to want a tenant out. Because of this, many states require landlords to give either 30 or 60 day notice to the tenant before being allowed to begin an eviction suit. However, some states that have rent controlled apartments require landlords to give a legally justifiable reason for wanting to end the lease agreement and do not permit landlords to end leases without some cause. Defenses Available to a Tenant Tenants facing evictions often become very tenacious in defending their right to stay in the property. Tenants have a multitude of defenses available to them, any one of which may derail your entire cause to evict the tenant. First, tenants often argue that the eviction notice was improper because it either did not contain the necessary information required by law, was served (delivered) improperly, or both. Also, tenants often attempt to show a landlord’s wrongdoings in order to take the focus away from themselves and gain sympathy from a judge. Removing the Tenant If you have won your unlawful detainer suit against your tenant, you may think it will be as easy as going to the property and picking up everything the tenant owns and putting it on the sidewalk — but it isn’t. If the tenant still refuses to leave voluntarily after losing an unlawful detainer lawsuit, you must take the court order to the local sheriff and pay a fee for the sheriff to carry out the court order. The sheriff will then ensure that the tenant leaves the premises. Sometimes tenants leave behind various personal items of property inside of a rental unit after being evicted. Some states do not allow landlords to do anything with this property but attempt to contact the prior tenant to get it back to them. Other states allow landlords free reign over this abandoned personal property. You should learn the laws of your state before attempting to handle left-behind personal property. Why Are the Rules So Strict? To put it simply, the rules that landlords must follow while evicting a tenant are so strict because of the nature of the case. First, unlawful detainer suits are much faster than almost any other type of civil litigation, often resolving a matter in a month or two, or even faster. The compromise for this speed is that the landlord must be absolutely sure that every “i” is dotted and every “t” crossed. Lastly, in most situations, an unlawful detainer suit is worth more to a tenant than it is to a landlord. On the one hand, a landlord may be losing money each month because of a tenant, but on the other hand, if a tenant loses the case, he or she won’t have a home anymore. Due to the sensitive nature of these cases, lawmakers have made landlords work extra hard in order to properly evict a tenant. Property Manager Lawyer Free ConsultationWhen you need legal help with property management, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
via Michael Anderson https://www.ascentlawfirm.com/property-manager-law/ Did you know that when it comes to gun law in Utah, that the age that a person can conceal weapons in Utah was lowered from 21 to 18. Now, just because it is legal doesn’t mean you should. Additionally, you still need a permit for concealed carry of a firearm in Utah. If you don’t have the permit, don’t do it. Some question if these new privileges make young adults safer or if it endangers others. Some fear that young adults with a lack of impulse control could cause wrongful death through irresponsible shooting. Some 18-year-olds explained that they were unable to conceal a gun on campus to protect their selves against assault or rape. Since cases like these have occurred on many campuses in the Salt Lake City area, supporters of the new law agree that it is necessary to give them the privilege to conceal. Possession Laws of FirearmsMany young adults submitted the argument that they are old enough to buy a weapon, serve in the military and vote so why should they be denied the freedom to conceal carry? Under the new law, an attorney cannot defend young adults who conceal carry unless they have received a concealed weapons permit. If young adults need to use a concealed weapon to prevent personal injury or death, the new law allows a lawyer to defend them if they are certified. Many of those who opposed them for reasons of having less impulse control might also apply those same arguments to gun ownership of young adults ages 18 to 20. Others ask, since young adults already have so much freedom to carry a weapon why do they need the ability to conceal? Is this a problem?If young adults are able to obtain a concealed carry license, there is a predicament whether their ability to conceal would create more violence. On the other hand, many believe that since young adults already had the ability to carry guns, they potential to cause wrongful death hasn’t increased. Many wonder if allowing students to conceal carry on campus would increase the possibility of school shootings. If it is true that students 18 to 20 have less impulse control than many wonder if an attorney should be able to defend them for concealing a gun into classrooms and assemblies. Gun Training For Concealed CarryYoung adults who conceal carry are trained in the proper use of a firearm. Many of these courses have a lawyer or a certified instructor explain the lawful use of a firearm. Young adults will also receive training on using restraint and the proper use of a firearm. Those who conceal carry go through background checks and obtain a legal license. Young adults with concealed weapons may make them less likely to cause wrongful death than their peers who choose to open carry without training. Education and Liability for Teenage DriversGenerally speaking, teenage drivers first take to the road with an instructor in a driver’s education vehicle. Most of these drivers are also uninsured and unlicensed. Establishing liability in auto collisions with a student driver can be complicated, to say the least. Depending on the situation, there are three main ways to receive compensation in the case of an accident. Insurance claims and personal injury lawsuits can be filed against the driver, the instructor or the driving school. Free Consultation with Gun LawyerWhether you need legal help with a car accident or with conceal carry law in Utah, when you need help, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506 via Michael Anderson https://www.ascentlawfirm.com/conceal-carry-law/ The U.S. has special procedures for the adoption of orphans. A child is considered an orphan if they have neither parent due to their death, disappearance, or abandonment. A child may also be considered an orphan where their sole parent is incapable of providing care for the child and has, in writing, irrevocably released the child for emigration and adoption. U.S. Immigration law requires that an orphan petition be filed before the child’s 16th birthday or before their 18th birthday if they have a natural sibling adopted by the same parents. State Department and Foreign AdoptionAlthough the U.S. State Department can be a valuable resource; there are limits to the help they can or will provide. The State Department will provide information about U.S. Visa requirements and international adoption policies and procedures. They can make inquiries to U.S. consular offices regarding the status of cases or to clarify documentation requirements and ensure that U.S. citizens are not discriminated against. The State Department will not involve itself directly in a foreign adoption process, represent adoptive parents, order an adoption, or order a visa to be issued. Citizenship for Foreign-Born ChildrenMany adopted children born abroad acquire U.S. citizenship upon entry into the United States on account of the Child Citizenship Act of 2000. At least one of the adopting parents must be a U.S. citizen, have custody of the child, and reside in the U.S. The child must be younger than 18. No certificate of naturalization is issued in this process, though the parents may request one through a separate application. International adoption can offer a less expensive and often quicker option for adoptive parents, as opposed to a traditional adoption, but it can also raise a number of additional issues and concerns. For example, many of the countries offering children for adoption by prospective U.S. parents are not subject to the same standards or regulations. Prospective parents also may not get all of the relevant information about their adoptive child prior to the adoption, or may experience language or cultural barriers. Below you will find information on international adoption, including tips on the application process and related costs. You will also find links to overseas adoption resources from the federal government and other organizations. Foreign Adoption RequirementsWhen planning an international adoption it is important to consider what legal obligations need to be fulfilled. International laws apply in an international adoption. Countries have different rules regarding the adoption of children depending on whether or not they have signed the Hague Convention. Countries that are party to the Hague Convention must follow certain procedures, while non-party countries may have their own. Adoption Lawyer Free ConsultationWhen you need legal help with an adoption, please call Ascent Law at (801) 676-5506. We will help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Financial Exploitation of Seniors via Michael Anderson https://www.ascentlawfirm.com/foreign-adoptions/ The Fair Labor Standards Act (FLSA) regulates wages and hours in the workplace. It establishes a minimum wage and regulates overtime pay, record-keeping, and youth employment. The FLSA applies to employment in the private sector and to employment in federal, state, and local governments. Under the act, a workweek is 40 hours and federal minimum wage is $7.25 per hour (July 24, 2009). The FLSA does not require an employer to offer vacation time, sick leave, or pay raises. Local and state wage and hour laws may also apply. What employers are covered under the Fair Labor Standards Act?The FLSA’s wage and hour laws apply to employers that earn $500,000 in annual gross sales and to employers that engage in interstate commerce or produce goods for interstate commerce. Interstate commerce includes sending mail through the U.S. Postal Service, the use of telephones or computers for interstate communication, or the shipping, handling, or receipt of goods through interstate commerce. Because of its broad coverage, the FLSA applies to virtually all employers. The act, however, does exempt small farms that meet certain requirements. Can an employer pay an employee that earns tips less than minimum wage?The FLSA allows an employer to pay an employee that receives some wages from tips less than minimum wage if:
According to some states’ laws, employers must pay tipped employees at least minimum wage or must pay a higher minimum wage for tipped employees than required by federal law. What workers are exempt from minimum wage requirements and overtime pay under the FLSA?The FLSA requires that employers pay employees at least minimum wage and overtime pay equal to one-half of the employee’s regular pay rate for hours that exceed a 40-hour workweek. However, FLSA regulations of minimum wage and overtime pay does not apply to exempt workers, including executives, administrative employees, professionals, computer specialists, and outside sales people. Executive ExemptionThe executive exemption applies if the worker:
This executive exemption also applies to an employee that engages in the management of a business and has at least a 20% equity interest in the business. Administrative ExemptionThe administrative exemption applies if the worker:
Professional ExemptionThe professional exemption applies if the worker:
Computer-Related Occupation ExemptionThe computer specialist exemption applies if the worker:
Outside Sales ExemptionThe exemption applies if the worker:
Other exempt workers include those employed by a seasonal or recreational business, causal babysitters, and newspaper delivery workers. Can employers give time off instead of paying overtime?Federal law prohibits private employers from giving employees “comp” time (an hour of time off for every hour worked) for hours that exceed a 40-hour workweek. Instead, an employer may arrange an employee’s workweek so that the time worked does not exceed 40 hours. This means that an employee could work four ten-hour days for a total accumulation of 40 hours for the week. This arrangement does not require an employer to pay overtime. FLSA Lawyer Free ConsultationIf you need legal help with the FLSA, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
via Michael Anderson https://www.ascentlawfirm.com/fair-labor-standards-act/ Not all alimony payments automatically qualify as being tax deductible. There are seven different requirements that the IRS has for taxpayers who want to deduct payments they make for alimony. Payments should be in cash or check. You cannot give assets that equal the value of your payment if you want them to be tax deductible. You must make payments with cash or check. Next, Do not list alimony as child support or part of a settlement. Child support payments are never tax deductible, so listing your alimony payments as part of child support could cost you big-time on deductions. The same goes for marital property division. Designate payments as tax-deductible on your documents. All of your payments should be made according to the terms of your divorce documents. All you need to do is make sure that your documents state the exact amount you need to pay and describe it as spousal support, spousal maintenance or alimony. You should also make sure your documents label these payments as tax deductible by the payer. Live apart from your ex. So long as you are still living with your ex, you cannot earn tax deductions for your alimony payments. Clarify that your payments end upon the recipient’s death. In most cases, you also have the right to cease payments upon the remarriage of the recipient. Don’t file your tax return jointly. This precludes you from deducting alimony payments on your return. Don’t pay extra. There are certain rules that the IRS has against front-loading your alimony, particularly within the first three years after separation. Excessive payments are subject to tax or recapture. When Your Spouse Won’t Participate in DivorceWhile you cannot force your spouse to show up for meetings pertaining to your divorce, you can use some legal strategies to strongly encourage the person’s attendance. In a typical divorce, there will be plenty of paperwork, meetings and court appearances to work through. These meetings regularly occur until the divorce has concluded. For example, both spouses must attend depositions, mediation, temporary custody hearings, temporary support hearings, settlement conferences and, in some cases, a trial. It can be incredibly frustrating to have your case delayed simply because your spouse refuses to participate. However, there are some divorce matters that simply cannot wait for a spouse to decide to show up. Custody and support hearings, for example, will not be canceled — even if one individual is not there. The only time these hearings might be rescheduled would be due to accidents or significant illnesses. If there are routine problems with your spouse failing to show up to your meetings, it’s possible you will get a favorable result right away at your custody hearing. While you are under no obligation to remind your spouse of your divorce meetings, the courts will look on you favorably if you do so, at it shows you went the extra mile to ensure the process went as smoothly as possible. It also then reflects more poorly on your spouse, to miss the meetings even after getting reminders. Free Consultation with Divorce LawyerWhen you need legal help with alimony or a divorce, please call Ascent Law at (801) 676-5506. We will help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
via Michael Anderson https://www.ascentlawfirm.com/is-alimony-tax-deductible/ If you die without a will, it means you have died “intestate.” When this happens, the intestacy laws of the state where you reside will determine how your property is distributed upon your death. This includes any bank accounts, securities, real estate, and other assets you own at the time of death. Real estate owned in a different state than where you resided will be handled under the intestacy laws of the state where the property is located. The laws of intestate succession vary greatly depending on whether you were single or married, or had children. In most cases, your property is distributed in split shares to your “heirs,” which could include your surviving spouse, siblings, aunts and uncles, nieces, nephews, and distant relatives. Generally, when no relatives can be found, the entire estate goes to the state. No Will – Single With No ChildrenIf you are single and childless, your parents will receive your entire estate if they are both living. Otherwise it will be divided among your siblings (including half-siblings) and your surviving parent, if one parent has already died. Dying With No Will – Single With ChildrenIf you are single and have children, then your entire estate generally will go to your children, in equal shares. If any child has died before you, and that child has any children, then his or her share will go to your grandchildren. Married With No Children and No WillDepending on how your assets are owned when you die, your estate will either go entirely to your surviving spouse (if community property), or split between your surviving spouse, siblings and parents (if separate property). No Will and Married With ChildrenIf you are married with children, your entire estate will go to your surviving spouse (if all children are the children of your surviving spouse). Otherwise, your surviving spouse will receive up to one-half of the estate, with the remaining portion passing to your surviving children from another spouse or partner. Passing Away With No Will for Unmarried CouplesDying without a will can be devastating to unmarried couples who are living together. Because intestacy laws only recognize relatives, unmarried couples do not inherit the property of the other partner when one partner dies without a will. Unless there is a will which clearly states a person’s intentions when they die, the decedent’s property will be divided among relatives, depending on their relation to the decedent. Domestic Partners With No WillSpecial rules apply to domestic partners. Since not all states recognize domestic partnerships, it is important to check the laws of your particular state to learn how property is distributed upon your death. Generally, if you die without a will and are survived by a domestic partner, your domestic partner inherits the same as a surviving spouse, depending on how you owned the property. Free Consultation with a Utah Estate LawyerWhen you need legal help with a will, probate or estate, please call Ascent Law for your free estate law consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
via Michael Anderson https://www.ascentlawfirm.com/attorney-for-wills/ Although many people think that they need a real estate agent in order to sell their home, there is actually no requirement or law that mandates that you hire on to help you sell your home. However, there are some states that require you to have a real estate agent in order to handle the paperwork that is associated with the closing of the home sale. If you do not know the laws that apply in your state, you should check with your state department to see if you need the help of a real estate agent to close your home sale. If you decide to sell your home by yourself, you will be engaging in a process known as “For Sale By Owner.” This can be a great way for you to get the full sale price of your home without having to pay commission fees, but along the way you will probably develop a better understanding of why real estate agents charge the commissions they do. You should be prepared for putting in more time, energy and effort that you think you reasonably should. However, before you put up your For Sale By Owner sign, consider checking out the market in your area. If it is a buyer’s market, you will probably have a hard time unloading your home by yourself. This is because you will be up against real estate agents whose sole job is to sell homes, whereas you will have to balance your life and work against putting in time to sell your home. The best time to sell your home by yourself is when there is a seller’s market. In order to properly sell your home by yourself, you will need to learn about the laws of your state that govern real estate transfers. These laws will indicate what kinds of paperwork you will need to prepare as well as who will need to sign what. In addition, you will need to find out what to do if you find that there are any encumbrances that are on your home and how to handle them. Lastly, some states have mandatory disclosure laws that you will need to follow where you will need to disclose certain physical characteristics of your home. If you are serious about listing your home by yourself, consider posting your listing online. There are a number of websites around that are dedicated to helping you sell your home on your own. Although you may not need a real estate agent, there may be times when you can use a real estate agent to help you. Many real estate agents are willing to help those who are planning on listing their home as For Sale By Owner with many tasks including: (a) Helping you determine the home market; (b) Determining an appropriate asking price; (c) Listing your home on MLS, or (d) Assisting in some of the more complex paperwork and transactions. If you come to the conclusion that listing your home as For Sale By Owner is not your cup of tea, you can always go ahead and hire a real estate agent to sell your home for you. Although he or she will probably take a larger cut that you may like, it may save you time and effort in the long run. Agents are experts in listing your home in the right places and setting up your home to be shown to prospective buyers. However, if you are in no rush to sell your home, you can always take a shot at selling by yourself first before you hire a real estate agent. There are pros and cons for either option. Benefits of selling your home by yourself include, for example, being able to recoup more of the sale from your home because you will not have any commissions to pay. The drawback is that selling a home on your own makes you responsible for knowing and following all of the steps and requirements involved in selling a property. Real Estate Lawyer Free ConsultationWhen you need legal help with a house or piece of real estate in Utah, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
via Michael Anderson https://www.ascentlawfirm.com/selling-real-estate/ |
ABOUT USDivorce Lawyer in Thanksgiving Point, UT 84043. If you need a Thanksgiving Point divorce lawyer, child custody, adoption or family law attorney who does child custody, father’s rights, divorces and family law that cares about you, your family, your case, and is aggressive, call 801-676-5506 now for a free consultation. Divorce in Utah can be tough, so you need a smart Thanksgiving Point divorce lawyer who can help you today. Call 801-676-5506 for the top divorce attorney in Thanksgiving Point UT 84043 now. ArchivesNo Archives Categories |