Standard Operating Procedures
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You are the Executor of your parents' estate, so you can sell the house?
Jed Carrol 1 year ago

So you are appointed Executor of the estate of your parents. Pursuant to the Last Will & Testament you have lawyers obtain Letters Testamentary granting you the right to sell their assets.  It took months but now you put the home on the market. No need to consult siblings.  All good, right?  Not so fast.  Here again there are potential problems and minefields to navigate.  What if the language of the Last Will & Testament was "I leave my home at 123 Treehaven Road to my sons Tom and John, and m...
WNY Moving up in stature?
Jed Carrol 1 year ago

US News & World Report lists WNY as being in the top 1/3 of the 150 Metro Areas they looked at.  I agree there is something special about living in a mid-sized metro area. Access to cultural offerings like theatre, music, and arts are easy and affordable. Traffic is manageable ( being a native Long Islander I know what real traffic is! See photo below).

Hiking, bicycling (along outer harbor, Delaware Park, Niagara Gorge)  and pickleball are right here.  My whole family plays pickleball, travelin...
Life estate deed - no problem, right?
Jed Carrol 1 year ago

Clients recently came to Jlawrence Realty to sell a home that had been in the family for over 50 years.  Their mom deeded the house to six of her adult children with a reservation of a life estate after their father had passed away.  No issues, correct?  Really? Well, one sibling, we will call him Bob, had also passed away.  What happens to Bob's interest in the family house? Does it go to his estate? To his ex-wife? To his children? Revert back to his siblings?  Hmmmm.

Who can make the decisio...
Positive Attitude or maybe help from St. Joseph?
Jed Carrol 1 year ago

 

Sometimes a positive attitude goes a long way in reaching your goals. Laura Giuseppetti, our longest tenured agent with over 17 years of experience at Jlawence Realty,  recently shared how a client on Fredo St. in the City of Buffalo was the most positive person she had ever met. Her client felt she would receive $250,000 for her home even though it was an optimistic figure for the neighborhood.  Low and behold, a good offer came in at that number, but it fell through.  Our client never lost...
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