If you are a real estate investor and frequently buy and sell real estate, you must know about §1031 exchanges. A transaction structured as a §1031 exchange can defer taxable gains on certain real estate sales. Sometimes referred to as like-kind exchanges, a §1031 exchange allows a person to sell … [Read more...] about Buy and Sell Real Estate? You Must Know About 1031 Exchanges
In general, an uncontested divorce is a better option than a contested divorce so long as there is not a disparity of power or abuse in the relationship. Uncontested divorce requires that both parties want a divorce and are also in agreement as to the resulting issues. Both parties must agree to the … [Read more...] about The Benefits of an Uncontested Divorce
What steps do you need to take? Write your business plan.Figure out funding for your business.Choose a business structure.Choose your business name.Register your business.Get federal and state tax IDs.Apply for licenses and permits.Open a business bank … [Read more...] about Is your New Year plan to finally start that new business?
The other day, a man that needed an attorney badly met with our team of attorneys. The only problem is, he needed an attorney several years ago and this was our first meeting. Unfortunately, this person procrastinated and now it is too late for him to do much of anything legally. The best lawyer … [Read more...] about Do you have a Possible Legal Issue? Don’t Wait.
By: Ashley Land There are many reasons someone may have a background check performed—applying for a new job, applying for a loan, volunteering with youth, etc. If you want to ensure that your record is clean and you don’t miss out on an opportunity because of a misdemeanor on your record from … [Read more...] about Expungement: What You Need to Know About Clearing Your Record
By: Dustin Humphrey How do you prepare for the future? Do you need a will or a trust? There are so many options these days it can often become overwhelming. Our team at Skeeters, Bennett, Wilson and Humphrey wants to provide you with a basic breakdown between these two common estate-planning … [Read more...] about Wills vs. Trusts: What is the Difference?
By: Dustin Humphrey Depositions are a common part of nearly every lawsuit. Many people find themselves uneasy about depositions but knowing what to expect can ease anxiety and lead to success. At Skeeters, Bennett, Wilson and Humphrey, we believe every party to a lawsuit should understand the … [Read more...] about The Ins and Outs of Your Deposition
By: Terry Bennett When most people consider estate planning, they usually think about what will happen after their death. Unfortunately, many underestimate the need to prepare for their risk of disability. While a will does not take effect until death, a General Durable Power of Attorney protects … [Read more...] about Preparing for the Risk of Disability
With an intense hurricane season behind us and rainy, cold months before us, car buyers in Kentucky are cautioned to do their homework regarding flood-damaged vehicles. In the state of Kentucky, it is fairly easy to procure a “rebuilt title” for a flood-damaged car. This means that a car deemed a … [Read more...] about Buyer Beware: Flood-Damaged Cars in Kentucky