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Living Trust or Probate – Pros and Cons – Lulich & Attorneys

Posted on January 9, 2019January 18, 2023

Estate planning for seniors, for parents who have children with special needs, and for anyone else includes considering the possibility of using a living trust. A living trust is something that is formed while the person who is distributing his/her assets is still alive. An irrevocable living trust means that changes to the trust cannot […]

What Is a Home Warranty and What Does It Cover? – Lulich & Attorneys

Posted on January 4, 2019January 18, 2023

Homebuyers should buy title insurance when they buy a home. Title insurance covers any legal claims that the buyer may not have clear legal title to the house, duplex, condo, or other home units. Buyers should also try to buy homes that meet the local building codes instead of buying homes ‘as is.’ Generally, speculators […]

Purchasing A Home with Cryptocurrency – Lulich & Attorneys

Posted on December 30, 2018January 18, 2023

Cryptocurrency is essentially a digital currency. It can be used to make financial transactions. According to Equity Trust, there are numerous types of cryptocurrency. Six of the most common types currently are: Bitcoin Bitcoin uses open-source software. It also uses blockchain technology to help make online transactions safer from malicious attacks. There’s no third-party like […]

What Is a 1031 Exchange and How Should It Be Handled? – Lulich & Attorneys

Posted on December 28, 2018January 18, 2023

The number “1031” refers to Section 1031 of the U.S. Internal Revenue Code. A 1031 exchange is a strategy, according to Realty Mogul, used by real estate investors to defer capital gains income taxes (or income tax losses). Normally sellers of homes, buildings, and land must pay capital gains taxes at the time they sell […]

Title Insurance for a Quitclaim Deed? – Lulich & Attorneys

Posted on December 26, 2018January 18, 2023

Title insurance is a way of protecting the real estate you buy or own from claims of creditors, prior owners, and third-parties against your real estate. A quitclaim deed is a way of transferring an interest in real property that essentially says the seller isn’t sure what rights he/she has – but whatever interest the […]

Title Insurance for a Manufactured Mobile Home? – Lulich & Attorneys

Posted on December 17, 2018January 18, 2023

Buyers of single homes, duplexes, townhouses, condominiums, and other permanent structures should purchase title insurance. Title insurance is to protect homeowners from claims to ownership or use. Claims include assertions by prior owners, third-parties, creditors, and others that they have an interest in the property. Buyers want their real property to be free and clear […]

Real Estate Settlement Problems – Lulich & Attorneys

Posted on December 13, 2018August 1, 2024

Both the buyer and seller want the closing to go smoothly. The buyer wants the keys to the house, wants a quality house, wants a house with a clear title, and wants enough cashback to be able to focus on enjoying the home. The seller wants to maximize the amount he/she gets for selling the […]

What Your Medical Bills Really Say About Your Injuries – Lulich & Attorneys

Posted on December 11, 2018January 18, 2023

A lot depends on your medical bills. Your doctors, hospitals, therapists, pharmacies, and other health care professionals can’t get paid unless the bills are accurate. Medical bills are a key factor in determining the amount of pain and suffering award. Often insurance adjusters and defense lawyers base their settlement offers on a multiplier of the […]

Factors Involved in Determining Pain and Suffering – Lulich & Attorneys

Posted on December 6, 2018January 18, 2023

In any type of personal injury case, the victims suffer a range of damages. Some of the damages can be quantified. These economic damages include the costs for hospital surgeries, doctor visits, medications, and medical equipment. Economic damages also include lost income due to the inability to work or earn a living. Property damage to […]

How Lawyers Work with a Title Company? – Lulich & Attorneys

Posted on December 4, 2018January 18, 2023

It’s essential for the lawyers for both the buyers and sellers to work with the title company in advance of settlement and at settlement. Cooperation and planning can mean the difference between a smooth settlement and scrambling to finish the settlement on time. Faulty planning can even mean the settlement is delayed or canceled. What […]