Damore Law

Specializing in real estate, business law, and simple wills and estate planning matters.

The information provided on this website does not, and is not intended to, constitute legal advice.

04/08/2025

Which is better? A Revocable Living Trust or Last Will & Testament?

01/17/2025

There are multiple different benefits of having a Last Will and Testament in place, but here are some of my favorites:

1. Having a Last Will and Testament in place allows you to be in complete control of what happens to your assets after you pass, so along with a Will comes peace of mind and the confidence of knowing everything is under your control.

2.Secondly, in most circumstances, a Last Will and Testament should prevent any disputes that could arise because of the clear instructions left in your Will. (However, Wills can still be contested and disputes can arise under any circumstance).

3. Lastly, you will be able to ensure that your affairs are handled properly by appointing a trustworthy Executor of your choice.

06/11/2024

For most individuals, a general durable power of attorney is the best choice because it grants your agent wide-ranging authority that continues even if you become incapacitated and unable to manage your finances. An attorney can also tailor this durable POA to address more specific requirements.

06/04/2024

A living will spells out your wishes for medical care if you become unable to make those decisions yourself. Additionally, you can grant a trusted person medical power of attorney, giving them the authority to make decisions on your behalf if you can’t. These two documents are often combined into one, known as an advance healthcare directive and living will.

05/30/2024

Estate planning is not always about money; it can also help decide who will be the guardian of your children if you were to pass. Having an estate plan in place helps you and your family have peace of mind and spend less on legal fees.

05/29/2024

When it comes to estate planning, you do not just have to worry about your tangible assets but also your intangible ones, such as checking and savings accounts, certificates of deposit, stocks, bonds, mutual funds, life insurance policies, retirement plans such as workplace 401(k) plans and individual retirement accounts, health savings accounts, and ownership in a business. There is a lot that goes into estate planning, so make sure you keep track of your assets for an easier time drafting your estate plan.

05/22/2024

Dying without a will is called dying “intestate,” meaning state law will determine the distribution of your estate. Probate is the process of managing and distributing your estate after your death. This process occurs whether or not you have a will, but having a will ensures that your executor follows your wishes. Without a will, the probate process is more time-consuming and costly, with expenses being deducted from your estate first.

05/21/2024

Quitclaim deeds offer a direct method for transferring property, commonly used among family members. They’re used, for instance, when an individual marries and wishes to include their spouse’s name on the title or deed, or during divorce proceedings when one spouse’s name is removed. Additionally, parents may use quitclaim deeds to transfer property to their children, or siblings may use them when transferring property amongst themselves.
Note* legal and tax advice should be considered before transferring property by quitclaim deed due to tax implications.

05/15/2024

It is a sum of money paid by the buyer to the seller as a show of good faith and commitment to purchasing the property. It is typically submitted when the buyer makes an offer on a property, and it is held in escrow until the closing of the transaction.

05/14/2024

The buyer and seller work with their respective attorneys, real estate agents, and lenders to prepare for closing. This includes finalizing the loan documents, arranging for title insurance, negotiating inspection repair items, drafting the deed, assisting with ordering mortgage payoffs and coordinating the transfer of funds.

05/09/2024

A title search is a process done by a title company or real estate attorney to examine public records and documents related to a property’s ownership history. The purpose of a title search is to confirm that the seller has clear and marketable title to the property, meaning they have the legal right to sell it without any outstanding claims or issues. During a title search, various records such as deeds, mortgages, liens, and judgments are reviewed to identify any potential problems or burdens on the property’s title. This helps ensure that the buyer will receive a clean title when purchasing the property.

05/07/2024

A real estate attorney is a licensed lawyer who handles the legal responsibilities related to real estate transactions. The attorney can represent the buyer or seller. Their primary responsibilities comprise of preparing and reviewing the necessary paperwork and negotiating more favorable terms for the sale or purchase of the property.

Address

901 Route 168 Suite 501
Turnersville, NJ
08012

Telephone

+18562673836

Website

http://www.damorelawllc.com/

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