Category: Real Estate

[Video] FAQ: What are the Steps to an Ohio Real Estate Sale?

Frequently Asked Questions: What are the Steps to an Ohio Real Estate Sale? Many times individuals will reach a handshake deal among themselves for the purchase and sale of a particular piece of real estate.  However, those individuals sometimes don’t know the steps it takes to get that handshake from there through the closing and… View Article view article

Don’t Overlook Information from the Title Company Before Closing a Real Estate Deal

Real estate transactions almost always close through a title company.  Among the things a title company frequently does to assist with the closing process is to provide a title search and title insurance commitment. When a title company is preparing to assist with the transfer of a particular piece of real estate, an agent from… View Article view article

The 4 Questions to Answer Before Making Gifts [Part 3 of 4]

In our estate planning and elder law practice, we talk with many clients who are interested in making significant gifts of assets during their lifetimes to their children. Anytime we meet to discuss lifetime gifting, we inevitably discuss 4 topics of consideration: 1. Will the gift create federal gift tax problems? 2. Will the gift… View Article view article

What Do Small Business Owners Need to Know About Real Estate?

Obviously, the answer to that question depends heavily upon the type of business.  However, regardless of industry, most small business owners have to operate from a physical location.  Some small business owners are fortunate enough to operate from home, but many are going to be confronted with issues relating to leasing or purchasing real estate… View Article view article

Tax Implications of Life Estate Transactions

Following our recent seminar we got a general question about the income tax implications of entering into a life estate transaction in which a person gifts the remainder interest in his personal residence and retain a life estate.  The question was as follows:  If the person gifts the remainder interest now but later sell the house, will the property owners owe… View Article view article