Practice Areas
Real Estate
Understanding Closing Costs:
Sellers in a real estate transaction should consider the various costs involved. Estimated closing costs for a single-family or multi-family home, as well as a townhouse or a condominium unit, include mortgage payoffs, transfer taxes, title closer fees, attorney fees, and real estate agent commissions. With a cooperative unit, additional fees may include transfer agent fees and flip taxes.
Purchasers also have numerous closing costs. Estimated closing costs for a single-family or multi-family home, as well as a townhouse or a condominium unit, include bank fees, mortgage taxes, title insurance fees, title closer fees, homeowners insurance fees and attorney fees. With a cooperative unit, fees include bank fees, lien search fees, coop insurance fee, attorney fees, transfer agent fees and maintenance fees.
Contact our Law Firm for assistance with:
Purchase Agreements
Sale Agreements
Estate Sales
Deed Transfers
Refinancing
Residential Leases
Title Search Review
Short Sales
Foreclosures
1031 Like-Kind Exchanges
Estate Planning (Wills and Trusts)
Wills
A will specifies how the assets of an individual (the testator) are to be distributed. It may also include other instructions, such as the testator’s wishes regarding funeral arrangements. The will becomes effective only at the time of death and not before. It has no effect on the testator’s assets while he or she is living. In the will, an executor is appointed who is responsible for carrying out the testator’s wishes.
As with a trust, a will can be written to account for many circumstances. However, there are certain rules that must be followed when preparing the will to ensure its legal effectiveness. The Law Office Betty J. Hingle, ESQ., should be consulted to ensure that the will is properly drafted and executed.
Trusts
A trust is an agreement whereby an individual (the grantor or settler) appoints another person (the trustee) to hold and manage the grantor’s assets on behalf of a beneficiary.
Trusts can be very useful instruments, and take many forms, but they are also somewhat complicated. The Law Office of Betty J. Hingle, ESQ.. could help you decide if a trust is appropriate for you and if so which trust is the correct one for your needs.
Living Will/Health Care Proxy
A living will allows an individual to leave instructions to family and friends explaining his or her preferences for medical treatment. It only takes effect if the individual cannot express an opinion due to incapacity. A living will can be used to indicate that the individual does not or does want extraordinary measures used to prolong his or her life. The instructions can be as general or specific as the individual wants.
Like a living will the health care proxy allows one to leave instructions regarding treatment wishes. But the proxy document goes beyond the living will. With this document, the individual appoints another person (the proxy) to make health care decisions in the event of incapacitation. The proxy has the power to authorize or withhold treatment.
Medical practitioners are required by law to follow the instructions of the proxy. Although the individual’s wishes expressed in a living will are usually followed, the only way to be sure is to use a healthcare proxy. Instructions in the living will and on the health care proxy should be consistent with an
Contact our Law Firm for assistance with:
Wills
Trusts
Health care proxies
Living wills
Establishing guardianship
Durable powers of attorney
Probate and estate administration guidance and counsel.
Advocate in will contests and other litigation involving estates, trusts, and guardianships.
Represent fiduciaries in the administration of estates and trusts
Of Counsel Services to Title Companies
Contact our Law Firm for assistance:
When you require the expertise of a real estate attorney in New York, Betty J. Hingle Law is ready to assist you and/or your client. We provide one-on-one confidential advice and consultation services to individual attorneys. With over 30 years of experience, Betty J. Hingle Law has the specialized expertise, a high level of personal service, and insights that you need when it comes to real estate law. It is what sets us apart from other firms. We focus on complex areas of real estate law, offering counseling and assisting individual clients.