If you rent out residential property to tenants, it’s your legal responsibility to ensure that the facilities are “habitable” by maintaining the plumbing, making sure the heat works in the winter, fixing appliances, and keeping it structurally sound. While heating and plumbing problems should be addressed within 24 hours, less-immediate repairs should be handled within 48 hours. Below, you will learn about these particular landlord duties, including (a) The legal duty to perform necessary repairs and maintenance; (b) What can happen if a landlord fails to carry out these duties; and © the requirement to provide notice to tenants prior to entry. Repairs and MaintenanceIn most states, a landlord is required to make sure a rental property is in habitable condition when the tenant first moves in. Also, once the tenant moves in, a landlord is required to make repairs and conduct maintenance to keep the rental property in habitable condition. A habitable property is one that has adequate heating, water, electricity, cleanliness, and is structurally sound. Laws vary from state to state, and even from city to city. Because of the varying nature of landlord duties, you should be sure to carefully consult local codes regarding rental properties in your state and city. Normally, you can find this information at your local building or housing authority, as well as local health and fire departments. When a landlord fails to make the necessary repairs or maintenance after receiving a request from a tenant, there could be a number of consequences. First, depending upon your state’s laws, your tenant could elect to withhold all rent until the repair is made adequately. Some states realize that this is pretty harsh and often require the tenant to put the rent money aside in an escrow account that will be released to the landlord once the repairs are made. In addition, your tenant may elect to simply pay less rent until the problem is fixed. Next, if the landlord fails to repair a problem in a timely manner after receiving notice, the tenant has the option of hiring an outside party to make the necessary repairs. Although the tenant should be reasonable in choosing who to make the repairs, this cost will probably be deducted from their next rent check. Also, if the problem violates state or local building or health codes, your tenant may decide to contact the local authorities regarding the issue. If inspectors come out and find the problem, you, as the landlord, may be facing an order to fix the problem, plus possible fines and/or penalties. Notices to TenantsMost states require that a landlord give notice to tenants 24 or 48 hours before the entry is to take place. However, a landlord can enter a rental property at any time without notice in order to make an emergency repair. In some jurisdictions, landlords can enter a rental property without notice if the tenant is away for an extended period of time, in order to check up on the property and make necessary repairs. If a landlord breaks this law, they can be subject to a lawsuit by the tenant. Some states provide a tenant with a claim for harassment if their landlord enters the rental property without proper notice and also provide for a monetary fine against the landlord. In Utah, you need to have it spelled out in your lease or provide the notice as required by the Utah Code. Landlord Lawyer Free ConsultationIf you are a landlord and you need legal help, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Small Business Owner Liability via Divorce Lawyer Midvale Utah https://divorcelawyermidvaleutah.tumblr.com/post/183737148006
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If you run a small business, chances are you also manage employees — making you an employer. As an employer, you have a tremendous responsibility to your workers with regard to keeping them productive, satisfied with their jobs, free from harassment or other mistreatment, and working toward the overall goals of your business. You also are bound by federal, state, and local employment laws. These include the payment of fair wages, the right to work in an environment free from harassment or discrimination, and the requirement in most states that you carry a specified minimum amount of workers’ compensation insurance. And that’s just the beginning. “Human resources” (or simply “HR”) refers to the people who comprise the workforce of your business. The term is often used within the context of HR management — applying employment laws and best practices to your workforce in order to increase productivity, retain your top talent, and minimize legal exposure. Hiring, Compensation, and Benefits Although you’re generally not required to offer benefits, it’s an effective way to both attract and retain top talent. But if you do offer benefits, you need to make sure you don’t run afoul of any regulations and that your workers are properly classified as either employees or contractors. Compensation — including not just the amount of pay but also vacation time and other factors — is governed by certain state and federal regulations. Finally, the hiring process is regulated by federal and state nondiscrimination laws and other regulations. The Hiring Process
Compensation
Benefits
Discrimination and Harassment Protecting your employees from discrimination and harassment is not only the right thing to do, but it will help prevent costly lawsuits and a stressful workplace. Keep in mind that while federal anti-discrimination laws still do not protect LGBTQ employees, many state laws do. But regardless of these laws, cultivating an inclusive and respectful workplace is smart HR policy and will help you recruit top talent and get the most out of your staff.
Discipline, Termination, and Resignations As an employer, you may find yourself in the position of having to reprimand employees for unacceptable and/or disruptive behavior, not only to maintain an orderly workplace but also to protect your company from claims of discrimination or negligence. You’ll want to create discipline policies in advance, make sure your employees understand these policies, and be consistent. Also, how you terminate or otherwise say goodbye to employees is just as crucial (if not more so) than how you conduct the hiring process. Discipline
Termination and Resignations
HR Lawyer Free ConsultationWhen you need help with Human Resource Law, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506 via Divorce Lawyer Midvale Utah https://divorcelawyermidvaleutah.tumblr.com/post/183719174416 From visitation to shared custody, there are a number of terms related to child custody. However, it is important to understand some of the simplest terms if you anticipate a divorce in the near future. If you live in Salt Lake City, Sandy, West Jordan or along the Wasatch Front, you may have all sorts of questions, and it is important to understand how family law in Utah could affect you. Non-custodial parents are those who do not have custody of their child, unlike the custodial parent. Usually in a child custody order or divorce decree, someone is named as the primary custodial parent. However, non-custodial parents may still be able to spend time with their children through parent time, which is also referred to as visitation. If you and your spouse are unable to reach an agreement regarding parenting time, Utah offers a minimum schedule for parent time. That said, courts have the ability to arrange any parent time schedule which will serve a child’s best interests. Non-custodial parents may be required to pay child support, which can be a significant responsibility. If you expect to file for divorce, you should prepare for the financial repercussions of splitting up with your spouse, whether you will be obligated to pay child support or expect to receive it. Utah Residence Requirements for DivorceWhen it comes to divorce, people may have a myriad of questions. For example, some wonder whether mediation is a possibility, while others are stressed out about the financial consequences of divorce, the division of marital property, child support and other matters. However, those considering divorce should also understand some of the more straightforward legal issues that may affect them. For example, someone who lives in Salt Lake City should be familiar with the residency requirements for divorce in Utah before filing a petition. According to the Utah Courts, couples who want to file for divorce in the state need to have resided in one of Utah’s counties for no less than three months prior to filing a petition for divorce. Additionally, the residency requirements may be stricter for those who are dealing with child custody. In Utah, the child must have lived with one of his or her parents in the state for no less than six months, although an exception may be made in some cases. If you are thinking about filing for a divorce, it is important to understand all of your options and determine the most practical path forward. For some couples, turning to a divorce mediator is an excellent way to save money and time while simplifying the divorce process. On the other hand, some couples have to head to trial and it is also crucial for people in this position to make sure their interests are protected. Child Custody Attorney Free ConsultationIf you have a question about child custody question or if you need help with custody, please call Ascent Law at (801) 676-5506. We will help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Financial Tips for Women Going Through Divorce Small Business Debt Collection via Divorce Lawyer Midvale Utah https://divorcelawyermidvaleutah.tumblr.com/post/183712234431 You probably know this, but just to be safe, I’m going to tell you that you are required to pay taxes on your income. Even if someone tells you that there is a way around it – there isn’t. Yes, there are exemptions and deductions you can claim on your tax returns, but you do have to file a return. If you don’t, you can be in trouble. Paying your taxes plays a large role in avoiding tax problems. However, making tax payments isn’t always as simple as writing a check. In addition to basics on how to pay your taxes, below, you’ll find resources on getting an extension of time to pay and working out an installment agreement with the IRS if you cannot pay all that you owe at one time. Pay Your IRS Taxes and Utah State TaxesThere are more ways to pay your taxes now than ever before. You can address your tax liability by filing and paying electronically or by sending a check or money order made out to “United States Treasury.” You can pay in full or seek a repayment plan, sending payment in whatever amount you are able and can agree upon with the Internal Revenue Service (IRS.) In some circumstances it can be advisable to pay your tax liability in full by taking a loan, such as a home equity loan from a financial institute or by paying with a credit card. This may be wise since unpaid taxes are subject to interest that is compounded daily, as well as incurring a monthly late payment penalty. This means paying in full can minimize the amount of interest and penalties that accrue and reduce the overall expense. Interest rates charged by banks are usually lower than the combination of interest and penalties charged by the IRS. Where an installment agreement is necessary you can choose to make installment payments by direct debit from your bank account, by payroll deduction from your employer, or by a regular installment agreement. Payment amounts are based on your ability to pay and should be an amount that can be maintained over the lifetime of the installment agreement. Penalties and Interest Will AccrueWhen a taxpayer owes money to the IRS and cannot pay immediately there are significant penalties and interest that apply to the amounts owed. The interest rate owed on unpaid taxes varies from 4-9% generally, which may be lower than some bank interest rates, but the penalty for filing taxes late is generally 5% per month up to 25% of the total tax liability. Late payments incur a penalty of ½ of 1% per month, up to 25% of the unpaid amount due. There are some exceptions to these penalties and if the taxpayer can demonstrate that one of several conditions exists the IRS may waive some or all of the penalties. Exceptions may be made where a serious illness, death in the family, or loss of records due to a natural disaster frustrate a taxpayer’s ability to pay in a timely fashion. Appealing a Tax DebtThe IRS has an appeals system for taxpayers who don’t agree with the results of their tax return or other adjustments made to their tax liability. If you have dealt with an IRS employee and disagree with their findings you can request a meeting with their supervisor. If this meeting does not produce a satisfactory agreement or if the examination was conducted through correspondence you may then request a conference with an appeals officer. Appeals conferences are informal meetings. You may represent yourself or seek the assistance of an attorney, a certified public accountant, or an individual enrolled to practice before the IRS. If you don’t reach an agreement with the appeals officer some actions can be appealed in the courts. IRS Laywer Free ConsultationWhen you need legal help with the IRS or tax commission, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Don’t Make These Advertising Mistakes via Divorce Lawyer Midvale Utah https://divorcelawyermidvaleutah.tumblr.com/post/183695472186 Zoning categories and symbols vary among communities. A C-1 zone in one city is not necessarily the same as a C-1 in another. Typically, jurisdictions use letters of the alphabet as code abbreviations to identify the use allowed in a physical geographic area — such as R for residential, C for commercial, and I for industrial. These symbols are usually paired with some number. The number can specify the level of use, or it may indicate a certain amount of acreage or square footage for that particular property. Residential ZoningResidential zoning can include Single Family Residences (SFR), Suburban Homestead (SH), or any number of other designation which cover homes, apartments, duplexes, trailer parks, co-ops, and condominiums. Residential zoning can cover issues such as whether mobile homes can be placed on property, and the number of structures allowed on certain property. Zoning laws on home-based businesses can depend on the nature of the business, whether there are employees or business invitees, the hours of operation, signage, parking and delivery concerns, and noise issues. Some zoning ordinances prohibit all in-home businesses in residential areas. Others restrict the type of business and business hours, and may require separate parking and entrance facilities. Rules regarding home-based businesses for condominiums are typically even more restrictive than private residences. Commercial ZoningCommercial zoning usually has several categories and is dependent upon the business use of the property, and often the number of business patrons. Office buildings, shopping centers, nightclubs, hotels, certain warehouses, some apartment complexes — as well as vacant land that has the potential for development into these types of buildings — can all be zoned as commercial. Almost any kind of real estate (other than single-family home and single-family lots) can be considered commercial real estate. Industrial ZoningLike commercial zoning, industrial zoning can be specific to the type of business. Environmental factors including noise concerns usually are issues in determining into which industrial level a business falls. Manufacturing plants and many storage facilities have industrial zoning. Certain business — such as airports — may warrant their own designation. Agricultural ZoningAgricultural zoning is generally used by communities that are concerned about maintaining the economic viability of their agricultural industry. Agricultural zoning typically limits the density of development and restricts non-farm uses of the land. In many agricultural zoning ordinances, the density is controlled by setting a large minimum lot size for a residential structure. Densities may vary depending upon the type of agricultural operation. Agricultural zoning can protect farming communities from becoming fragmented by residential development. In many states, agricultural zoning is necessary for federal voluntary incentive programs, subsidy programs, and programs that provide for additional tax abatements. Rural ZoningThe “rural” zoning designation is often used for farms or ranches. In certain parts of the country, this designation will include residences zoned to allow horses or cattle. Combination ZoningAny number of zoning designations can be combined to form some sort of combination zone, many of which are unique to the community adopting the particular designation. Historic ZoningHomes and buildings over fifty years old are often included in historic zones. These zones have regulations which prevent the alteration of the structures from the original conditions, although there are allowances for repair and restoration in keeping with the historic plan. Frequently, buildings in these areas can qualify for governmental tax incentives. Owners of properties listed in the National Register may be eligible for a 20% investment tax credit for the certified rehabilitation of income-producing certified historic structures — such as commercial, industrial, or rental residential buildings. This credit can be combined with a straight-line depreciation period of 27.5 years for residential property (31.5 years for nonresidential property) for the depreciable basis of the rehabilitated building, reduced by the amount of the tax credit claimed. Federal tax deductions are also available for charitable contributions to historically important land areas or structures. Aesthetic ZoningIncreasingly popular in upscale communities, aesthetic zoning covers color schemes, landscaping, mailboxes, fences, solar panels, decks, satellite dishes, and types of materials. Aesthetic zoning ordinances may require that building plans be submitted and approved by an architectural review committee. Wireless communication receiving devices can often be impacted by these types of zoning rules. Permitted and Accessory UsesPermitted and Accessory uses are built-in exceptions within a certain zoning category. For example, hotel property which is not zoned for a bar may be allowed to have a bar that is connected to the hotel as accessory or permitted use. Free Initial Consultation with Zoning LawyerWhen you need zoning legal help, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
via Divorce Lawyer Midvale Utah https://divorcelawyermidvaleutah.tumblr.com/post/183688085441 Planning your estate doesn’t have to be expensive or complicated. You can transform your bank accounts into an estate planning tool by designating a beneficiary for your checking, savings and other deposit accounts. Simply ask your bank or credit union for their payable on death (POD) beneficiary form. POD accounts function like an informal trust. Some banks even refer to these accounts a Totten or tentative trusts. After your death, the account beneficiary avoids probate and can claim the money directly from your bank. During your lifetime, the beneficiaries have no rights to the account. You can spend the money, close the account or change your beneficiaries. The account will function just as it did before you listed a beneficiary. The beneficiary rules for POD accounts are very flexible. You can choose to have one beneficiary for several accounts or multiple beneficiaries for one account. Nonprofit organizations can serve as your beneficiary. Just be certain they are recognized as a charitable entity by the Internal Revenue Service. Depending on the laws of your state, you may be able to designate an alternate beneficiary, in case your first named beneficiary dies before you. If there are no living beneficiaries at the time of your death, the account will pass through probate. You can name a POD beneficiary for your checking and savings accounts, money markets, CDs and U.S. Savings Bonds. But you will probably need to complete a beneficiary registration form for each account. Joint accounts, such as held by a married couple, can also be transferred into POD account. The beneficiary will only receive rights to the assets after the last account owner dies. Stocks and other securities can be transferred by setting up transfer on death (TOD) registration on the account. Most states have adopted the Uniform TOD Security Registration Act, but brokerage firms can still choose not to offer TOD registration. Claiming a POD account is a straightforward process. The beneficiary goes to the bank or credit union holding the account and presents a copy of your death certificate. They will also need to show valid identification and fill out transfer forms. Some states have a short waiting period, but otherwise the beneficiary can claim the funds immediately. POD beneficiaries must take steps to re-register the securities in their names. This typically involves sending a copy of the death certificate and an application for re-registration to the transfer agent. Be aware, POD accounts are subject to outside claims. So you can’t use a POD account to avoid paying your debts or to disinherit a spouse. You must leave enough money in your estate to tie-up your affairs. Plus if you live in a community property state, your spouse has a right to half of your assets, including those only listed in your name. After you die, estate or income taxes may be left owing. For example, if you are working at the time of your death, your estate administrator will file your last tax return. It is important that your will or living trust state if the POD account beneficiary is required to use funds to cover any tax liability. Your beneficiary may also be subject to an inheritance tax depending on the laws of your state, and you family relationship. In most states, surviving spouses are exempt from inheritance tax. But unrelated individuals are frequently taxed on an inheritance. Beneficiary Lawyer Free ConsultationIf you are the beneficiary of an estate, inheritance or account, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
via Divorce Lawyer Midvale Utah https://divorcelawyermidvaleutah.tumblr.com/post/183670494431 Construction developers can be just project owners — or both the owner and contractor of a development project. In either capacity, a developer has certain obligations that need to be spelled out clearly in the contract documents. If this is done, the probability of a successful completion of the project is enhanced. If the initial step is omitted, the chances of delay and conflict are increased. In the construction industry, a developer is usually considered to be a person who develops land through construction and who, to this end, becomes an owner of the developed land. The developer seeks a profit from development of the land, either by selling a development, such as a tract of residential homes, a shopping mall, or an office building, or by holding the developed property to reap a return on the investment. Developers can operate in many different economic arrangements. Some developers form construction companies to do their own work, and to pick up any other work they can obtain at a good price. Some are simply brokers, without much staff, who subcontract all or most of the work they undertake, often with only one criterion: the lowest responsible price. Others attempt to operate as contractors; some succeed, become established, and do good construction work in the market place. Some developers have found advantages to having their own construction company, such as ensuring themselves a consistently high standard of construction work without having to pay for full-time inspection. Having their own construction company gives those developers a measure of flexibility in contracting, not usually attainable with other contractors, through competitive bidding and it gives them maximum control over development projects and costs. Construction Contracts in GeneralExperience shows, however, that a prevailing risk for developers, doing their own construction work, lies in the temptation for them not to operate at arm’s length. That is, the parent company may not be treated by the subsidiary in the same way as any other customer (at arm’s length), so that the construction work is often not done at actual cost and for a reasonable profit. Because costs are constantly changing, it is difficult to estimate or determine some of the costs of construction work. Without the constraint of competition in the open marketplace, construction costs tend to become amorphous. In all instances of owners as contractors, separate companies should exist for the different functions and proper construction contracts between such companies should be made in writing. Stipulated Sum Contracts for DevelopmentThe first type of contract is the stipulated sum contract, also called the lump-sum, or fixed-price, contract. In a stipulated sum contract, a bidder stipulates the amount for which he or she will do the work. This is probably the most familiar type of contract, as it has been the most common form of construction contract for the last 100 years or more. While it is still the most common form of contract, many of the larger construction contracts today are not done on a stipulated sum basis. The contractor’s primary duty in a lump-sum contract is to do the work as defined and as required by the contract documents within the contract time stated in the agreement. The contractor’s primary right is to be paid the contract amount in the agreed upon manner, usually in installments, at the proper times. Obligations include both duties and rights, and one party’s right is the other party’s duty. The lump-sum contract requires a contractor to provide and install work that “is reasonably inferable … [form the contract documents] as being necessary to produce the intended results.” It is necessary to grasp this fundamental nature of the stipulated sum contract. In the absence of anything to the contrary in a lump-sum contact, the contractor is required to provide and do everything necessary to complete the work for the general purpose for which it was designed and intended. Works that are indispensably necessary to complete the whole work are included by implication, if not specifically, in the lump sum of the contract. Almost everything else is done by the designer on the owner’s behalf, and an owner is generally required to issue all instructions to the contractor through the designer. There are certain actions that only the owner can take, such as terminating the contract for cause, but usually he or she cannot act unilaterally and must have the designer’s approval. The owner has few duties because the standard forms of contract give most of the duties to the designer. Construction Development ContractsThe other common type of construction contract is the cost-plus-fee contract. In this type of contract, the owner pays the contractor all the costs of the work, plus a fee to cover the contractor’s operating overhead and profit. This kind of contract, in its simplest form, is the antithesis of the lump-sum contract, because in a simple cost-plus-fee contract the owner takes the greater portion of the risk and the contractor take very little, whereas in the lump-sum contract the reverse is true. The contractor’s duty in a cost-plus-fee contract is to do the work according to the agreement and conditions of the contract, and his primary right is to be paid in like manner. One problem with this type of contract is in the variety of possible terms and conditions, resulting from the varying amount of information that may be available at the time of bidding. Because of the wide scope of possible variation in the terms and conditions of cost-plus-fee contracts, a bidder should read them very carefully. The owner’s obligations in this kind of contract are similar to those of an owner in a lump-sum contract: a duty to pay for the work according to the terms of the contract; to provide information; and usually a duty to appoint another designer, should the employment of the original designer be terminated. As in a lump-sum contract, most of the other duties are in the hands of the owner’s representative, the designer. A developer can wear one or two hats in a construction project. A successful construction contract strives to clearly set out the rights and responsibilities of the parties at the onset. In this way, a project can be efficiently and successfully carried out and needless conflict avoided. An experienced construction law attorney will be able to insure that the developer’s rights and responsibilities are clearly set out and understood in any given project. Free Consultation with a Construction Development AttorneyWhen you need legal help with a construction development, call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
via Divorce Lawyer Midvale Utah https://divorcelawyermidvaleutah.tumblr.com/post/183663231871 With the 2008 housing crisis – also called the Great Depression II or the Great Recession and historically low interest rates for home mortgages, it’s certainly a buyer’s market. Even if you’re in a position to take advantage of the low home prices and low interest rates, though, you still have to decide which of the different types of mortgages available will best serve your interests? In this article, we’ll briefly discuss what fixed rate mortgages and adjustable rate mortgages are, their differences, and the advantages and disadvantages of each. The final decision between the two different types of mortgages will depend upon your financial situation and your personal comfort level with risk, but this article will cover the basics so that you can make a more informed decision. Deed of Trust or MortgageThe interest rate and the amount you pay each month is always the same with a fixed rate mortgage. Terms are typically 15 or 30 years, though you can negotiate with your lender for a shorter term. Mortgage Law and Legal HelpAn adjustable rate mortgage is a loan with an interest rate that changes during the term of the loan. The interest rate that you pay is determined by the prime index rate, which is set by various financial indexes (each ARM will identify which index your loan tracks). If the prime rate goes down, so does the interest that you pay on your loan. And when the prime rate goes up, so do your loan payments. Typically, ARMs will limit, or cap, the amount and frequency of interest rate changes so that mortgage holders are not subjected to wild and frequent changes in their loan payments. This cap also serves to minimize the bank’s losses in the event interest rates become very low, as was the case in mid- to late- 2009 and continuing into 2010. Think About Fixed Rate MortgagesOf the different types of home loans, fixed rate loans are the most reliable. They protect homeowners from fluctuations in interest rates and provide stability in payment. Every single month, at the exact same date, for the entire life of the loan, you will pay the exact same amount to the bank. While fixed rate loans provide reliability, you’ll likely pay a bit more for the protection afforded against rising interest rates. For those homebuyers who are more risk-averse, fixed rate loans are likely the best route. When interest rates are low (as they have been during the housing crunch), you can refinance your loan to lock in the lower rate. For more on refinancing, see below. We Suggest You Stay Away From Adjustable Rate MortgagesThe first advantage of ARMs are that your monthly payments, at least for a time, will likely be lower than fixed rate mortgages. These rates could also stay lower if interest rates remain the same or dip even lower. For example, during this prolonged housing crunch, interest rates have gone steadily lower and are currently at historically low levels. Those with ARMs have benefitted by paying less in interest each month (although because of interest caps, it’s likely that ARM holders haven’t been able to take full advantage). Some lenders will offer lower, discounted introductory interest rates for ARMs than for fixed rate loans. This means that for a period, mortgage holders pay an even lower amount each month, which is obviously beneficial to your wallet. Once these discounted rates end, however, you may be in for sticker shock, as your payments will start to reflect the true interest rate, as well as any adjustment upward in the event interest rates have risen during your introductory term. It is possible that you’ll actually pay less interest over the term of the loan than you would with a fixed rate mortgage. This could happen if interest rates remain the same or decline. In fact, some studies have shown that homeowners have paid less on average with ARMs than fixed rate loans. Legal Mortgage HelpAs you can see, both types of mortgages have advantages and disadvantages. At a base level, if one or the other sounded better to you, it may be best to go with your instinct, because choosing the right mortgage for you really boils down to your financial situation and your comfort with varying levels of risk. Without a doubt, when interest rates are very low (as they have been for some time), it is best to lock in a fixed rate mortgage at a low rate. By doing so, you guarantee yourself low fixed rates and protect yourself against rising future rates. If, on the other hand, you only intend to own the home for short period of time, ARMs may be useful because you save in the short term and don’t have much concern for the future. The risk here is that if the housing market continues its slump, you may not be able to sell your home as quickly, or at the price, you desire, which would mean you’d be stuck with a rising ARM for an unknown period of time. ARMs may also be attractive to those who expect an increase in income level in the future. ARMs offer low out of pocket costs at the beginning of the term and if your income level rises, you will be better able to afford potential increased rates while still having the ability to purchase the house at the present time. Of course, banking on an increase in income before it actually happens is a risky proposition. At the end of the day, your choice will be made after an analysis of your financial situation and goals, and your comfort with risk. If you’re the type of person who will lose sleep over a quarter of a percentage point increase in interest rates or have anxiety over potentially increased monthly bills, a fixed rate mortgage is probably for you. If you’re comfortable with risk, you may wish to take an ARM. Some studies have indicated that ARMs are actually less costly in the long run than ARMs, but the risk of increasing rates is always a big concern. Mortgage Lawyer Free ConsultationWhen you need legal help with a mortgage or deed of trust, call a real estate lawyer at Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Child Custody Summer Vacation Law What is a Non-Disclosure Agreement via Divorce Lawyer Midvale Utah https://divorcelawyermidvaleutah.tumblr.com/post/183647139531 Whether you are preparing for a marriage or going through a divorce, you may have questions about the process for changing your name. The following are answers to some of the most frequently asked questions we receive from our clients: Do I need to go to court to get a name change?Yes. Your name changes needs to be in your divorce decree. If it is not, you’re going to have trouble changing your name. A lawyer can help you with this. If you are changing your name to that of your new spouse or returning to your maiden name after a divorce, you can’t just begin using your new (or old) name unless it’s in the court order. Using a marriage certificate or divorce decree serves as enough proof of your name change. Only in the event of a change to an entirely new name will you need to get a court order. What happens if I have trouble with my new name?Call a lawyer for starters, but one helpful strategy is to carry documentation that shows both your old and new names. A passport can show your old name, as well as listing the new name as an “AKA.” For the most part, you can work around difficulties by speaking with supervisors or contacting the main offices of government agencies. If institutions continue to give you a hard time, you may obtain a judge’s order legally establishing your new name. Who do I need to contact about my name change?You may need to contact various government and business agencies that you regularly deal with and get your name changed on their records. This includes banks, insurance providers and the Utah Department of Motor Vehicles. If you have any professional licenses, you should also have your name updated in those records. Can I Get Alimony?In Utah, spouses can receive either temporary or permanent alimony during and after a divorce, depending on the circumstances of the marriage. To determine if alimony is appropriate in a case, the judge carefully analyzes the needs of the spouse seeking the support and whether the potential payer is financially capable of providing that assistance. Other factors that go into determining alimony arrangements include (1) The length of the marriage; (2)The health and age of each spouse; (3) One spouse’s need to seek education or training to support him/herself; (4) If the spouse seeking alimony is capable of becoming self-supporting; (5) If one spouse has a limited earning capacity because of caring for the children; (6) How marital property will be distributed between the spouses; (7) The contributions of one spouse as a homemaker that enhanced the other spouse’s ability to be the family’s major breadwinner; and (8) Whether acts of one spouse inhibited the other’s ability to obtain employment or the increase his/her earning capacity. If the judge decides he or she will award alimony to one of the spouses, that arrangement could be temporary or permanent. Temporary alimony orders end as soon as the final judgment for divorce is entered. The recipient will only continue to receive payments after the divorce if the judge issues a permanent order. A permanent order can end, as well, if certain circumstances arise. This may include either party’s death, a substantial decrease in the financial capability of the payer or the remarriage of the recipient. Name Change Lawyer Free ConsultationIf you have a question about divorce law or if you need help with a name change, please call Ascent Law at (801) 676-5506. We will help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Genetic Information Nondiscrimination Act Law Who Gets Retirement Accounts After a Divorce? Shipping Goods and the 30 Day Rule via Divorce Lawyer Midvale Utah https://divorcelawyermidvaleutah.tumblr.com/post/183641204761 Having a sharp website and successfully leveraging the Internet can really boost your business, while e-commerce has enabled a whole new breed of retailers and wholesalers. But jumping online without understanding the business and legal implications of the internet can expose you to a host of problems. This section contains resources to help you build website traffic, use electronic signatures, launch an e-commerce site, register a domain name and explore other small business issues pertaining to the internet and e-commerce. Building a Business WebsiteA website is a practical requirement for most businesses. The internet is an enormous marketplace and consumers frequently research their purchases online before visiting a physical location. A website provides a valuable opportunity to inform potential or current customers about your goods and services. A simple solution to establish an internet presence would be to create a blog and there are many venues that can help you establish a blog with little or no difficulty or expense. For a blog to be successful you should regularly update it with new and interesting content. Building your own complete website is another option. This requires selecting a domain name and finding a host and/or website development software. Some companies offer packages that include all three of these items. You may also wish to transact online. You can place your products in an established online marketplace or set up pages on your website that allow users to select and purchase your products directly from you. If you haven’t got the time or patience to build a website it is always possible to hire a web developer to do it for you. Choosing a Domain NameChoosing a domain name is like choosing your business’s name, but with some additional considerations. Like the name on your sign out front the business’s domain name is an early indication what you are selling, or an opportunity to communicate about your product’s qualities, or your brand’s identity. Although you may first consider simply using your business’s name as your domain name it can sometimes be better to choose a more descriptive title relating to the services or products you offer. This may also be a practical necessity if someone else has already registered a domain name identical to that of your business. This is a common problem that, in some cases, can be circumvented by choosing an appropriate alternative suffix to the commonly used “.com” suffix. However you generate your domain name it is wise to ensure that it is relatively short and easy to remember and spell. Protecting Company DataCompanies increasingly collect and handle their customer’s personal data. This may include addresses, credit card data, social security numbers, and other valuable information that hackers and other unscrupulous folks would like to steal. The Federal Trade Commission recommends determining what personal data the company holds or has access to, keeping only the data you need, protecting the data as necessary, properly disposing of data you no longer need, and creating a plan of action before a data breach occurs. Data loss can cost a company enormously, both in an immediate financial sense, in liability for mishandling client’s valuable data, and in consumer goodwill. E-Commerce Lawyer Free ConsultationWhen you need legal help with your E-Com business, call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Genetic Information Nondiscrimination Act Law General and Limited Partnerships Fraudulent Transfers in Divorce via Divorce Lawyer Midvale Utah https://divorcelawyermidvaleutah.tumblr.com/post/183626616036 |
ABOUTHi my name is Fiona Rikke and i am Divorce Lawyer at Midvale, UT. Archives
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