Wills in financial business during COVID-19 times
Protecting assets with solid wills during coronavirus period? Waiting for the ‘unicorn’. Unicorns do not exist in real estate, and finding the perfect property is like finding a needle in a haystack. Looking for perfection can narrow your choices too much, and you might pass over solid contenders in the hopes that something better will come along. But this type of thinking can sabotage your search, says James D’Astice, a real estate agent with Compass in Chicago. How this affects you: Looking for perfection might limit your real estate search or lead to you overpaying for a home. It can also take longer to find a home. What to do instead: Keep an open mind about what’s on the market and be willing to put in some sweat equity, DiBugnara says. Some loan programs let you roll the cost of repairs into your mortgage, too, he adds.
There are endless benefits to remodeling your kitchen and any real estate agent will probably tell you that the kitchen plays a big role in making a sale. Although it may cost a few thousand dollars to replace or remodel your kitchen, it is proven that you will probably get 85% of your money back. If your kitchen looks dated or worn out, buyers may try to knock off $10,000 or more off your asking price when it would have only taken you a few thousand dollars to upgrade the kitchen. The fastest and cheapest way to make a kitchen upgrade is to include new cabinet hardware and add a fresh coat of neutral color paint. By making this upgrade, buyers will be able to envision their own style using a blank canvas.
Affidavits have been permitted to be sworn remotely, even if full regulations to permit the process have not been introduced, and the courts have been operating on limited scales to deal with a variety of urgent litigation matters electronically and by way of video conferencing, with more routine matters like probate applications (Certificates of Appointment of Estate Trustees), being handled in one way or another. Consultation meetings with clients themselves have been arranged by way of various video conferencing facilities and on occasion in socially distanced settings, again with masks and sanitizer until in-office meetings can again be scheduled. See more info at Safeguarding Assets during COVID-19.
Electronic signatures and counterpart documents are not permitted and all sessions should be recorded if possible. A special ‘attestation clause’ explaining that the Will has been witnessed virtually is advised and further guidance is expected to follow from professional bodies. This more convoluted and long-winded process carries more risk of the Will being ineffective, e.g. if the will-maker dies before the process has been fully completed. However a Will is signed, the basic formalities must still be observed, ie the will-maker must understand what they are doing and not be unduly influenced by anyone; witnesses should also have the requisite capacity and must not be beneficiaries or spouses/civil partners of a beneficiary. Professional advice should ideally be sought in all cases.
Side Hustle to Make More Money: Are you happy with the amount of money you’re taking home each year? If you’re like most of us, a little bit of extra cash each month could go a long way. So, why not start a side hustle to supplement your income? Don’t worry. You don’t have to sacrifice all of your free time to start a successful side hustle. One of the big advantages of side hustling is that you can do it when you want and as much (or as little) as you want. The best advice I can give you is to start. Use any extra time you can find and make a little bit of progress every day. Soon you’ll be addicted to the side hustle lifestyle. So, how much money can you really make with a side hustle? Well, that’s the other awesome thing about side hustling, the income is virtually limitless. Since you’re not getting paid by the hour or a set salary, it’s really up to you to decide how much you want to earn. The more you feed your side hustle, the more it grows.
A lot of discussions have taken place over the past seven months or so in light of COVID-19 and the market reaction to it. The purpose of this client briefing is to share some observations with you from our recent experiences across our deals in the United Kingdom: Lenders are currently showing a degree of flexibility in their approach to defaulting and/or potentially defaulting borrowers. This is prevalent specifically in scenarios where the relevant events of default, and/or potential events of default, have been triggered by events outside the control of borrowers or where the loans were fundamentally performing pre COVID-19. Read extra details on https://techbullion.com/wills-and-covid-19-safeguarding-your-assets-during-a-global-pandemic/.
