Forms of Joint Property Ownership

a real estate agent

While real estate is currently the most lucrative investment, the considerable monetary injection required locks many investors out of the available opportunities. As such, some choose to invest in conjunction with others. Though this eases your financial burden, it comes with various legal issues.

Choosing to handle the transaction without a reputable real estate attorney from a law firm in Denver, Colorado might leave you with buyer’s remorse and huge losses. One of the aspects an attorney will help you handle is the form of joint property ownership of your investment. Here are your available options:

Joint Ownership with the Right of Survivorship

In joint ownership with the right to survivorship, you own an equal right to the property and can possess, rent, occupy, or use it. Upon your death, the property passes on to the surviving owners without passing through probate. Hence, you cannot transfer the rights of ownership of this property in a will or trust to beneficiaries.

Tenancy in Common

TIC ownership, as it is commonly called, arises when two or more people own one property but have separate titles to it. Each property owner does as he or she wishes with his or her property’s interest. Upon your death in a tenancy in common, your property share passes to the beneficiaries you name in your trust or will.

Tenancy by the Entirety

A tenancy by the entirety exists between a wife and a husband. It provides additional protection to the property owned in marriage. One spouse has to consult the other on decisions affecting the property. The entire property automatically belongs to the surviving spouse after the death of the other. A tenancy by the entirety is recognized in a few states.

The primary benefit of the forms of joint ownership mentioned above is an effective solution for passing on a property after an owner’s death without probate. Your lawyer will recommend ways of coordinating your chosen property ownership form with your estate plan. This way, your survivors will not suffer lengthy court battles over the inheritance of property after your demise.

Creating Business Alliances Out of Business Rivalries

Business Professionals

Many business owners are aware that it’s not just the company that offers the products or services. Ironically, staying above the competition can be possible if you’re willing to study your competitors a little more closely. Here’s how you can use your findings to your advantage.

Create “Unlikely” Alliances

On September 15, 1976, former rivals ABA and the NBA merged and mutually benefited from each other. The NBA used the ABA’s famed 3-point line and absorbed four of its teams, which created an expansion. In the same way, you and your competitors could make a partnership to further your business endeavors. You could partner with a reputable custom clearance broker so they could handle your import or export documents. You could also find a supposed “rival” company from overseas that’s open to a merging. You can send your products to be processed by your custom clearance broker. You can increase your profits and expand your company’s reach in this way.

“Strong like Mountain, Flexible like Water”

One way or another, you will always aim to win, so you know you need to market yourself well to your clients. You need to keep an eye on your competitors’ movements so they could provide vital information about their operations. Use this information as an advantage since you can learn from your rival’s strengths and weaknesses and then make adjustments accordingly in your own company.

Learn From Example

In reality, both positive and negative aspects are essential in the success of any business. A competitor could serve as a cautionary tale. Learning from a historical standpoint tells you what and what not to do regarding business decisions. But just because a business strategy isn’t effective for a company doesn’t necessarily mean it won’t be of use to you in the future. Take note of everything and make the proper execution when necessary.

Corporate rivalries have been around ever since companies have been established. What continually changes though, is the market and its trends. Be willing to take these steps to attain the kind of success you’re trying to achieve.

Three Ways to Improve Your Office Environment

Office Space

The productivity of people in the office is directly tied to their environment. Is your workplace conducive for work? Whether you’re a manager, an operations head, or the owner of a business, ensure that employees can perform in your workspace. Do you want to improve it? Here are some tips:

Make Sure that It’s Clean

Offices have the reputation of being clean on the surface but grimy underneath. From dusty trophies on the company shelf to slimy bathroom tiles, many offices urgently need a good deep clean. In Salt Lake City, cleaning services such as ProKleen can easily make sure that the wall-to-wall carpet is not housing unwanted creatures between each thread. Making sure that the carpet and everything else is clean also addresses significant health concerns. Viruses and allergens can easily thrive in an unkempt office.

Mind the Acoustics

When you take calls from your desk, do you hear the person you’re talking to? Or do you often find the need to take the call outside? Do you usually have to apologize to customers for the noisy background? Many offices suffer from poor acoustics, and productivity is taking a serious hit. It doesn’t matter if you’re not receiving calls for work. Having an office with good acoustics means that people who need to talk can hear each other without disrupting other people. Consult an acoustic specialist and see what changes you can make to improve the way sound travels inside your office.

Keep the Area Well Lit

Poorly lit office space is one of the top dampers of efficiency. When the lighting is off in the workplace, it sets the mood. If you want employees who work at a snail’s pace, install dim lights and partially cover the light sources. If you want employees who are alert and awake, flood the room with natural light and augment it with some overhead lighting.

In the end, these three tips should put you well on your way to creating a workspace that’s fit for overachievers and rock stars. Good luck!

The Italian Alps: Where a Great Vacation Awaits Every Tourist

view of the alps with people snowboarding and skiing

The Alps is an impressive mountain range that occupies ten countries in Europe. Some of the most beautiful and unforgettable places in the world are to be found on its foothills and mountaintops. There is something wonderful awaiting the intrepid traveler in the Alps.

For backpackers

The Italian Alps is an excellent location for hiking especially with Alpenwild designated trekking areas. The city of Turin in the West Alps is a great place to start. In the Northern Alps, the Dolomites is an incomparable site. The UNESCO World Heritage Site is still part of the Alps, but its unique features will make you think you are in a fantastical location.

When you decide to go on foot in these mountains, there is one fabulous scenery after another. It is quite impossible to pinpoint one best area in the Alpine environment, so it if is your first time, you might as well enjoy the journey and worry less about where to go exactly. Nevertheless, maps are available online, and you find out with a cursory search which places come most highly recommended.

By the lake

Many holidaymakers choose Lake Como as their vacation spot in Italy. Not all of them are hoping for a glimpse of George Clooney, who spends his holidays there. The shoreline is lined with villas, and villages with breathtaking architecture are just a few minutes’ drive away. If you do not feel like mixing with the glamorous crowd, spend your holiday at Lago Blu instead. The Blue Lake sits at the border between Switzerland and Italy. You will find great satisfaction staring at the reflection of the Matterhorn on its crystal surface.

Lastly, if you have to choose a couple of towns to visit to experience alpine beauty and hospitality, then put Veneto and Bressanone on your list. You can spend quiet days in these towns, or enjoy every sight and sound they have to offer. Are you ready to finalize the itinerary?

What You Need to Know About The Funeral Rule of the Federal Trade Commission

State law generally governs the funeral industry. But the laws could differ significantly from one state to another, which make state laws complicated and not readily enforceable. There is, however, one rule that all funeral homes should adhere to called the Funeral Rule, which is enforced by the FTC or Federal Trade Commission. It’s crucial that you fully understand this rule because it would help you when shopping around for funeral services and products. Generally speaking, below are your rights according to the FTC’s Funeral Rule:

  • Only purchase funeral services and products that you want. However, you do need to pay the funeral home’s basic service charge. This service charge is non-declinable and covers the funeral home’s overhead, including maintenance costs for the facility, vehicles, etc.
  • Obtain a detailed, written statement before paying anything. This statement must clearly show everything you’re purchasing and how much each item costs after you have made the funeral arrangements.
  • The funeral provider must provide you with itemized prices. In particular, you should receive a comprehensive price list and related disclosures when you’re being offered various funeral services, products, and arrangements, notes an experienced funeral director in Clearfield. Funeral providers are likewise required to provide you written price lists for their offerings and accurate prices when you request them over the phone.
  • You’re legally entitled to get the facts. Aside from requiring that funeral providers disclose all their prices, the Funeral Rule likewise include stipulations to prevent misrepresentations and dishonest practices to help make sure that you get specific facts including:
    • For a cremation, you could opt for an alternative container rather than a typical casket.
    • While state law doesn’t require embalming, it might be necessary for funeral plans that come with viewing. You do need to give your permission for embalming though.
    • Although state law doesn’t require the use of outer burial containers, most cemeteries require them to prevent graves from sinking.

Put simply, the FTC’s Funeral Rule helps you in picking out only the services and products you need to, or want for a funeral, whether you’re doing planning for your funeral or when making arrangements for someone else.