by admin | Jan 8, 2010 | Real Estate Transactions
Change in federal law will affect residential real estate closing process. For many years, federal law has required the Buyer and Seller of residential real estate to sign what is referred to as a “HUD-1” closing statement. The purpose of the HUD-1 is to disclose all...
by admin | Jul 19, 2009 | Medicaid and Long Term Care
New rules concerning continuing care retirement communities: In most instances the equity in a home owned by husband and wife is an “excluded asset” for Medicaid eligibility purposes. However, if husband and wife sell their home and use the proceeds as an entrance fee...
by admin | Jul 14, 2009 | Estate Planning
What is the status of estate planning for same sex couples? Public Act 09-13 was recently passed by the Connecticut Legislature and signed by Governor Jodi Rell. This Public Act changes the legal definition of “marriage” in Connecticut to mean the legal union of two...
by admin | Jul 5, 2009 | Business Transactions
What is a Severance Agreement? In the absence of a contract that obligates an employer to provide benefits beyond COBRA health coverage to a terminated employee, there is no legal obligation for most employers to do so. Nevertheless, many employers voluntarily choose...
by admin | Jul 1, 2009 | Real Estate Transactions
What is owner’s title insurance and why do I need it? When you purchase a home, your lender will insist that you have a title insurance policy for the amount of your mortgage loan. It is important that you also have coverage to insure your ownership interest. There...
