What is an Easement?
Video Summary
I represent many real estate owners who many times do not understand or know what an easement is, and usually they see an easement on their survey of their property, which is a dashed line. Well, an easement is a right of someone else to use your property. Most of the time, it represents the right of a utility company or a public utility to use a portion of your property to run their utility lines, and it’s a defined area on your property that they have a right to use.
Other times, it’s for the right for ingress and egress or a driveway or access to the property. In that case, you have what they call a burdened property, where the easement runs across someone’s property, and that’s called a burdened property. And then, you have the benefitted property, which is the property who is going to benefit or gets to use the burden property to gain access to the property. So, easements have two parts; the people who have the burden or the easement that encumbers their property; and then you have the benefit, which is the people or the persons or entities who have a right to use the property.
That’s an overview of easements. They’re much more complicated than that, but that’s a brief explanation of easements. If you have any other questions about the title to your property, please give me a call at (727) 847-228. Thank you.
- Published in Real Estate, Videos
Excluding Someone From a Will
Video Summary
Whenever I prepare wills for my clients, from time to time I’m asked to provide a dollar for someone they do not wish to inherit from them. I always advise the client not to provide a dollar because it is almost impossible to administer that if someone has been left out of your will. Instead of leaving them a dollar, you only need to put in your will that you intentionally make no provision and you name the person or category of persons who you do not wish to inherit from you.
So, whenever you have a will drafted and you wish to exclude someone, the solution is not to leave them a dollar but to specifically provide in the will that you expressly make no provision for them. This is so that they are unable to contest the will on the basis that you forgot who they were, particularly if it’s a child or grandchild. And therefore, you simply name them in the will, that you’re not making provisions for them.
If you’re interested in having a will drafted, please give us a call at (727) 847-2288. Thank you.
Advance Medical Directives Video Index
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- Published in Estate Planning, Videos
Probate Video Index
- When Someone Passes, What Happens to Their Bank Account?
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Trusts Video Index
- When Someone Passes, What Happens to Their Bank Account?
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- What Laws or Other Factors are Considered When Distributing Assets Within the Trust?
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- What Laws Or Other Factors Are Considered When Distributing Assets Within The Trust?
- Who Else Has Access to The Trust?
- Which Is Better To Have A Will Or A Living Trust?
- Are My Assets Protected If I Place Them In A Trust?
- Will My Assets Be Protected From Creditor Claims, If I Place Them In a Trust?
- What Is A Testamentary Trust
- How Can I Help My Kids Not Spend Their Inheritance After Turning 18
- ARE MY ASSETS PROTECTED FROM CREDITORS IF I SET UP A TRUST
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- Trusts Video Index