What You Need to Know About Your Property’s Ownership Transfer

Modern houseTransferring your property to another party may sound like a daunting task for any homeowner. By learning what the process entails, however, you can save yourself the trouble of running into any delays or unforeseen problems. A conveyancing lawyer in Townsville explains some of the things that you have to keep in mind.

When do you need to transfer your property?

There are five common reasons to transfer your property, which include divorce and fulfilling a will or an inheritance. Other practical purposes are saving up on taxes and protecting one’s assets. Another common, albeit obvious reason, is when you want to sell your old home and eventually have to transfer the title to the buyer.

How much money do you have to prepare?

There are three types of charges that property owners should be concerned about when transferring their real estate. First is the capital gains tax, which is based on the current market value of the property. Next is valuation, which is essentially the appraised value of the property. Stamp duty is also another concern, although the buyer usually shoulders it.

Apart from completing the financial requirements to pursue the transfer, it is important to keep yourself abreast of new laws concerning the property transfer. An example is a new policy referred to as the VOI or verification of identity policy, which now requires buyers to do a face-to-face verification process to prevent fraud.

A number of laws govern changing a property’s ownership, and there are taxes and other miscellaneous costs to bear in mind. However, being informed could save you from unnecessary costs and wasting your efforts. A law firm specialising in real estate law would be able to assist you in making the process as smooth as possible.

3 Most Important Questions to Ask Before Getting a Divorce

wife and husband doodles in divorce process concept broken relationshipsThe first few months or years of your marriage is usually filled with excitement. You and your partner could be looking forward to buying your first home or having a baby. But things start to change later on and before you know it, you find yourself arguing frequently with your partner. And one day, you wake up and realize that you’re no longer happy.

According to the American Psychological Association, about 40-50% of married couples in the US end up in divorce. Irreconcilable differences and falling out of love are just some of the reasons couples decide to split. If you’re in a difficult situation and thinking about divorce, don’t make an overnight decision. Remember that it takes days to process and evaluate because the decision will greatly affect you and your entire family.

The Burnham Law Firm, P.C. notes that one of the first things you should do is consult with divorce lawyers in Boulder. This way, you will know your rights and be familiar with the legal process. Once you’re clear with the legalities, ask yourself these questions before making a final decision:

Do you still love your partner?

Some people keep thinking that they still love their partner, but what they really feel is pity disguised as love. But if you feel genuine love for your partner, you may have to think twice before letting go because you can’t lose someone you deeply care about.

Are you getting a divorce out of spite?

If you want to cut the marriage just because of your pride or resentment, you better pull over and meditate. Give yourself time to heal before saying the final word.

Can you handle the consequences?

Just imagine being severed from a person whom you’ve been with for years. Your life will change and everything from your work to your sanity will be affected. It may be temporary, but ask yourself if it’ll be all worth it in the end.

Getting divorced is a big decision, which is why you need to be careful. Use all the help you can get to understand the situation and learn about your legal options.

What You Need to Know About Credit Scores Before Applying for an FHA Loan

FHA Loan

FHA LoanFHA loans are loans with attractively low down payments and less stringent qualifications. That’s because this type of loan is insured by the Federal Housing Administration. This means FHA loans in Missouri are a popular choice for both lenders and borrowers. Before applying for one, however, here’s what you need to know:

Minimum Credit score

There is a minimum credit score that makes one eligible for an FHA loan. Your credit score is the first thing lenders would look at when you’re getting a loan. This is because your credit score is how lenders determine how well you’ll be able to pay them back. Unfortunately, those with a score of below 500 are ineligible for Federal Housing Administration loans.

How Does Credit Score Influence Down Payment?

It is best to understand the fact that the required down payment would also depend on your credit score. Typically, those with better credit scores can benefit from ridiculously low down payment requirements. Because of how much your credit score can influence financial transactions, make sure you get yours up as soon as possible.

What Is The Minimum Down Payment For A Suitable Credit Score?

Lenders consider those with decent credit scores as low-risk investments. With an FHA loan, you can pay for only 3.5% of the property’s value as a down payment. This is a ridiculously good deal compared to the usual 20% down payment other loans require.

FHA loans are an attractive deal to those with limited financial means. They offer a way for such individuals to comfortably own property without the risk of getting loaded with mortgage debt. With the help of the FHA loan, it’s that much easier to become a full-fledged homeowner.

A Lover That Existed Never: When Catfish Happens

Catfish Word

Catfish WordOnline dating no longer seems like a reckless activity; in fact, the Pew Research Center reveals that 15% of U.S. adults use mobile dating apps or online dating sites. Nearly half of the public knows a friend or family member depending on the Internet for romance. While some still consider online dating as a last ditch effort, majority of the public accepts the practice wholeheartedly.

Dating online makes meeting people easier for those who wish to find love. But with this new social strategy, how can you be sure of a person’s identity?

What if they’re a “catfish?”

Catfish: Impersonation Online

The term “catfish” originated from a documentary film turned MTV series of the same name. It describes a person who intentionally deceives others for romance or other relationships. In most cases, it involves creating a fake social media profile that comes with fictitious biographies, photos, and supporting networks.

Most catfishers will extend the relationship through phone calls and other forms of non-physical contact — anything to prevent their victim from discovering their true identity.

It might seem harmless, but catfishing is a dangerous form of identity theft.

The Dangers Involved

David A. Nachtigall, Attorney at Law, PLLC says online impersonation falls under the 33rd chapter of the Texas Penal Code; a case can fall under class A misdemeanor to a third degree felony if someone sends an e-mail or uses social media to pretend to be someone else for fraudulent or other harmful reasons.

Emotionally, it can also damage a person. Victims invest time, resources, and emotions on the person they believe they are talking to. It can be devastating for victims when they realize the person they love does not exist.

It is also a form personal and public embarrassment. Some victims share their “relationships” with close friends and family members. Football player Manti Te’o can attest to this complex deception.

Depending on the circumstances of the case, victims could sue people involved in the catfishing scheme. But to avoid these dangers, it’s important to remain vigilant — even in the face of online love.

When Your Vacation Renter Turns Into a Nightmare Tenant

The lucrative allure of renting out your apartment to travelers in Denver is understandable. With tourists looking for affordable, short-term accommodations, you’re sure to get recurring income from a rental property. But what happens to your profits when vacationers become nightmare tenants?

Real Estate AttorneyVacationers Leave a Mess

Imagine carefully writing a description of your short-term vacation rental in a Denver suburb. “Beautiful downtown apartment in a historic district, with three bedrooms, loft, and charming rooftop patio with magnificent views.” And then you come home to a ruined downtown apartment in your historic district, with three bedrooms in disarray and a strange smell, and litter on your charming rooftop patio — with magnificent views marred by a hole in the natural stone railing.

One in every 41,000 renters reportedly damage the homes. Some renters in Denver come home to a mess, with garbage left everywhere and ruined window treatments. In serious cases, renters come home to another tenant occupying the property, which can get tricky if that tenant refuses to leave. This is where you’ll need the expertise of a real estate lawyer.

A New Law for Vacation Rentals

A real estate attorney in Denver will not only be a valuable ally during landlord-tenant disputes. Your lawyer can also guide you through the changing policies in Denver’s short-term rental industry.

The Denver City Council passed legislation that could ban some vacation rentals. For starters, you can only rent out primary residences now and have to obtain the necessary license. You may also have to pay taxes, just as hotels do. This could affect your usual earnings from the property, but the new law could also help you manage your rental better.

Protecting Your Income-earning Property

Current Denver law also prohibits self-help evictions and requires landlords to give tenants three days’ notice of eviction for lease violations. If you have a vacation renter who has taken possession of your home, you can’t simply toss out the person.

So your first line of defense against bad renters is to provide a term of the lease. The document could save you from the stress of having to evict a bad short-term renter. If the renter has to stay in Denver beyond the agreed term, have him or her sign a new lease. This may prevent complications in the future.

Other measures to take are screening renters, getting paid up front, and documenting the condition of the home before renters arrive, including the furniture. Each step will allow you to protect your home and future income.

Is There a Brewing Conflict in Your Workplace?

Poor PerformanceThe workplace can be an avenue to build friendships with colleagues. Working with the same faces every day lets employees grow closer and form personal relationships. But sometimes, things can get too personal. Once they do, or even before they do, signs of a brewing conflict begin to show.

Do you see any of these in your workplace?

Employees Performing Poorly

People generally dislike confrontations. If you’re a manager, you won’t expect commercial dispute lawyers from Creagh Weightman Lawyers, or elsewhere, marching into your office to ask employees about a complaint without any previous signs of an impending dispute.

When you’re looking for the signs, keep an eye on your employees’ performance. If they are unable to fulfil their responsibilities the way they usually do, you may have to sit down and ask them what the problem is.

There are many possible causes of poor performance, and as a responsible manager and colleague, you have to consider them. They will point to an issue that you have to address, so it’s wise to identify and fix it right away.

Gossips

Gossips are a common indicator of issues, and they’ll probably be your first source of information about workplace conflicts. If you overhear juicy and less-than-pleasing bits of news about a colleague, or even yourself, talk it over with them. Find out who’s the source, hear all sides of the story and clear the air for everyone involved.

Remind your co-workers that they are in the office to work, not to spread rumours. If they have problems they want to bring up, they may speak to the person directly, or ask for their supervisor’s opinion and assistance.

Frequent Absence

If you notice more employees calling in sick at least once a week, you must check up on them as soon as possible. They may be developing serious health or stress-related issues in the workplace. Or it may be a sign that they don’t want to be in the workplace anymore, and they try to stay away from it. Try asking their close friends and find out the reason behind their frequent absence if you can’t speak to them directly.

Conflicts in the workplace may be inevitable, so it’s important to catch them early on and keep them from turning into full-blown problems. Do it by watching out for the signs.

U.S. Companies Merging and Acquiring at Record Pace

Merger Deal

Merger DealThe U.S. has always had a powerful economy. Companies merge all the time, and larger companies acquire smaller ones by cutting deals that would benefit both of them. Last October 2016, high-profile mergers and acquisitions were valued at more than $251 billion, breaking records across the charts.

Companies in Denver and other cities hire business attorneys to help them merge successfully. The country’s sudden “merger mania” seemed to peak in the third week of October, where companies racked up to $177 billion in mergers and acquisitions for that week alone.

High-profile Tech Giants

Technology is one of the busiest sectors — they currently make up more than a quarter of all U.S. targeted deals, with a 19 percent deal value, with the health care sector close behind. Deal value determines how profitable the deal would be for either party.

Some of the biggest deals so far include the acquisition of the Time Warner Inc., a media and entertainment company, by AT&T Inc., one of the countries top telecommunications companies. The deal cost $85 billion.

Another tech acquisition was Qualcomm Inc.’s purchase of NXP Semiconductors NV. Qualcomm bought the company for a cool $39 billion.

Quick Growth

Though it is currently unclear why October was such a hot month for company acquisitions and mergers, many companies understand that this is one of the fastest ways to bolster their growth. Mergers allow struggling companies to boost sales, grow profit quickly, and mitigate their losses.

For the larger companies, this means getting quality staff and additional skills to help bolster their presence in their respective industries. Mergers allow companies to innovate further and increase their market shares.

Unfortunately, deals do not always fall through. Write-downs can be especially damaging to certain companies. For example, in 2007, write-downs of goodwill caused a major reduction of earnings.

Though October was a great month for mergers and acquisitions, the impact still remains to be seen.

Understanding the Degrees of Negligence in Personal Injury Cases

Personal InjuryIf you suffer an injury because of an accident, you might be looking to file a personal injury case. Before you submit documents, your attorney will provide you with information regarding the arguments the defendant might give you. They might claim you are partially or wholly at fault; knowing the degrees of negligence enables you to prepare for situations such as these.

Comparative and Contributive Negligence

Many states adhere to a comparative negligence law when it comes to resolving personal injury cases. This calculates damages using a formula that determines your and the defendant’s degree of fault that led to the injury and/or accident. If you get into a vehicle accident and the police reports and insurance investigations concluded that you are 25% at fault, you only get 75% of the compensation. If damages total $30,000 you only get $22,500. However, not all states abide by this rule; some follow a pure comparative negligence rule, while others adhere to a modified version of it. In the latter system, an injured person only receives compensation and damages, if they are 50% or less at fault.

On the other hand, contributory negligence is more black and white when it comes to personal injury cases. When an investigation reveals that you are partially at fault that led to an accident and injuries, you will receive no compensation whatsoever. Bernripka.com shares that a personal injury lawyer can help you navigate the complexities of the law and walk you through the process of filing and building a strong case.

Assumption of Risk

In some situations, defendants may argue that you assumed the risk of injury by participating in a dangerous or high-risk activity. The harm must relate to the risk inherent in the said activity.

Both parties must prove negligence before you or the defendant builds or defends against a personal injury case. Knowing the different situations allows you to prepare before filing.

3 Situations that Call for Help from a Divorce Lawyer

Divorce Lawyer in Denver

Divorce Lawyer in DenverGoing through a divorce is one of the most difficult situations you can experience in life. Nobody ends up being the winner, but sometimes, it’s the only thing you can do when your marriage falls apart. When this happens to you, it’s better to hire a credible divorce lawyer instead of simply representing yourself in court. This way, you can have legal advice and guidance on how to protect your rights. Here are some reasons you should hire a divorce lawyer.

Unfamiliarity with the Law

Most people don’t have adequate knowledge of matrimonial and family law that makes representing themselves almost impossible. Divorce Matters says you need a divorce attorney in Denver, Colorado by your side. The lawyer can brief you about the basics you need to know, guide you on how to present yourself in court and help you make a case to successfully get what you deserve out of the divorce.

Being Too Emotional

Being too emotional can be your downfall in court. Some people just give up fighting for their rights because of shame, guilt, or fear. Some hurt their cases because of a sudden emotional outburst during a hearing. When you are working with a lawyer, you will be guided accordingly about how you should dress, act, and speak in court. Maintaining a good image in court will give you credibility.

Not Having an Objective View

Because of the emotional stress of divorce, people may find it hard to have an objective point of view about their situation. Emotions of sadness, fear, rage, resignation, or confusion may take over, and that will be detrimental to your case. A divorce lawyer can keep a clear head and unbiased emotional state to provide you with objective advice that will prove to be essential to your case.

These are just some of the situations that will definitely make hiring a lawyer a must when you’re going through a divorce. This way, you can come out as a better person and fight for what you deserve.

The Questions You May Have About Paying Child Support

Child Support in Denver

Child Support in DenverGoing through a divorce is a difficult process especially if you have children together. If you are obligated by the court to pay child support, then you should be responsible enough to do it consistently and on time. If not, the other parent can sue you.

Here are some common questions people who are paying child support have and the correct answers for them.

Will child support payments stop if I have a new relationship?

The quick answer is no, it will not. However, you can file for a child support modification based on the change. You just need to prove that there is a relevant change in your financial circumstances by presenting valuable documents in court. A trial may still happen for the judge to decide whether it qualifies or not.

Can I be prohibited to leave the country?

You can still leave the country if you’re required to pay child support if you have an arranged payment plan before your scheduled departure. Otherwise, you may be prohibited to leave the country. That’s why you need to make sure the payments are in place before you leave. This is the only way to avoid any legal process coming from your ex.

What qualifies for me to dispute the child support amount I owe?

If you want to lessen the child support amount you owe, you need to prove that there is a drastic change in your financial condition. This may be a long process, so you must be sure that your case is strong. It’s better to consult first with a credible Denver family law attorney to check your case. If it is good, then the lawyer can give you great legal advice on how to win the dispute.

These are just some of the most common questions parents that pay child support have. It’s still best to get legal advice from experienced lawyers to be sure about your case.