by kramoltz@hotmail.com | Aug 17, 2018 | Home Ownership
Probate avoidance is a primary consideration for estate planners and their clients. A revocable trust is usually the vehicle of choice for making non-probate transfers. But real estate must be re-titled in the name of the trust to make a transfer to the trust...
by kramoltz@hotmail.com | Jul 20, 2018 | Home Buying, Home Ownership
Exclusivity and Costs. Easements typically grant exclusive use of the easement area to the recipient unless they provide that the easement is nonexclusive. Of course, shared driveways should always be granted on a nonexclusive basis, and so should utility and drainage...
by kramoltz@hotmail.com | Jul 17, 2018 | Home Ownership
In Arizona, repairs under $1,000 can be performed by a person without a contractor’s license. But the “handyman exemption” isn’t that simple. An important limitation is that the aggregate contract price, including labor, materials and all other items, is less than...
by kramoltz@hotmail.com | Jul 2, 2018 | Home Buying, Home Ownership
Impact on Property. The effect of an easement can be generally regarded as positive or negative. A “beneficial easement” benefits the owner of the land subject to the easement, such as one which enables utilities to be supplied to the property. A “burdensome easement”...
by kramoltz@hotmail.com | Jun 13, 2018 | Home Ownership, Taxes
Owners tackling a remodeling project may want to consider how it could impact property taxes. Renovations could result in an increase in assessed value by the county assessor. Ordinarily in the Phoenix metro area any upward adjustment in assessed value would only...
by kramoltz@hotmail.com | Jun 5, 2018 | Home Buying, Home Ownership
What are They? An easement is a permanent right of one person to use another’s real estate for some specific use. The area covered by the easement is typically a portion of a property, the area of which is calculated by a surveyor and depicted on a recorded document...
