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Blog Category: Real Estate

What is a Real Estate Partition Action?

Mar 2, 2021 | Written by: Daniel S. Makoski, Esq. |

A partition action is a lawsuit seeking to divide a piece of property between multiple joint owners. The preferred remedy of a partition action is to divide the property into multiple smaller pieces...

Buying a Home: Home Inspections

Jan 21, 2021 | Written by: Lori K. MacWilliam, Esq. |

When you are buying a home that is not new construction, you will want to make sure you fully understand the condition of the structure and systems of the residence.  There are several inspections...

Avoiding Capital Gains Tax with a Section 1031 Exchange

Dec 9, 2015 | Written by: Lori K. MacWilliam, Esq. |

Taxpayers must generally report any profits made from the sale of a capital asset, and pay to the government any capital gains tax owed. But if a taxpayer is selling real estate, it's possible to...

Eliminate Capital Gains Tax on Inherited Real Estate Using “Stepped-Up Basis”

Jul 22, 2015 | Written by: Lori K. MacWilliam, Esq. |

Some people are unaware of the advantages of the IRS allowance for “stepped-up basis” for real property. If grown children inherit the home in which they grew up, and in which their...

Do Pollution Exclusion Clauses Release an Insurer from Coverage?

Mar 25, 2015 | Written by: Arthur D. Fialk, Esq. |

Issues of insurance coverage can arise when personal injury or property damage occurs because of the release or spill of pollutants. It is customary for insurance policies to have exclusion clauses...

Lack of Permits for Home Improvements Can Affect Your Home Sale

Feb 23, 2015 | Written by: Lori K. MacWilliam, Esq. |

Did you know that a lack of proper permits for home improvement projects can complicate the sale of your home?