This month’s Business Bytes highlights elder care, premarital agreements, and loan assumptions.
Elder Care. As parents and loved one’s age, they may need financial and other assistance even if they deny or reject it. They may also become more susceptible to abuse and scams. There are some strategies to address this situation. READ MORE.
Premarital Agreements. Premarital Agreements, particularly in second marriages and blended families, can be an important part of a couple’s wealth and asset management during their lives and after. Since courts are skeptical of such agreements entered into as a result of coercion or deceit, full disclosure and proper documentation is necessary to ensure their enforcement, and appropriate counsel is recommended. READ MORE.
Loan Assumptions. Real estate and asset purchasers may be required or find it beneficial to assume and accept the assignment of some of their seller’s existing loan obligations or debts. While not uncommon, any purchaser assuming liabilities should exercise caution and perform thorough diligence to avoid unanticipated problems. READ MORE.
