Monday, April 25, 2011

Legal Documents to Consider When You Purchase a Home

In case you missed last summer's MSN Money article, "Three Documetns Everyone Needs," here is a recap. When buying a home, people consider things like paint colors for their vision of the new living room. They consider buying title insurance at the closing. Then, the mortgage comes along and not much thought is given to the attorney who handled the closing or to any other lawyer. Yet, if you purchase real estate, you likely need to make sure you have in place documents like a Health Care Proxy, a Durable Power of Attorney and a Will. You might also consider a Living Will and since real estate prompted this discussion, you might want to make sure you have a Homestead in place, as well.

Even if you completed these documents years in the past, you might wish to review them when a new home is purchased or sold. Sometimes a purchase or sale is undertaken because of a change in cirucmstances, so make sure that when you buy or sell a home, that you take the opportunity to examine your other legal documents.

For information about these documents and how they might apply to your individual situation, contact an attorney like Michael Riley.

Disclaimer: The information presented herein is offered for information purposes only and does not constitute legal advice nor does it establish an attorney/client relationship.

Monday, April 4, 2011

Welcome to the Real Estate News Blog by Michael Riley

Welcome! This blog will provide updates with news from the real estate world pertinant to residents of Massachusetts. Join and follow this blog for links to news articles relating to the purchase and sale of real estate or for information about laws that affect the purchase and sale of real estate.

DISCLAIMER: Information provided on this blog is for information purposes only. The blog does not represent legal advice nor establish any attorney-client relationship. To speak with a real estate attorney, call my office at 508-405-0831.