Homeowner associations in Missouri and across the U.S. were created by developers to control home use and homeowners until much of the development is complete. HOAs are then typically turned over to homeowners with all of their powers intact. These powers are at the heart of a growing number of lawsuits that allege HOAs are committing fraud, harassing homeowners and over-reaching their authority.
Like every prospective home buyer in St. Louis, you dream of finding that perfect home that is listed for an absolute song. Believe it or not, such listings are actually not all that difficult to find. Yet if you see a listing that seems to be too good to be true, think for one moment before calling your agent and immediately making an offer. The listing that you are looking at could likely be a short sale. After all, Realtor.com reports that 5.1 percent of all single-family home and condo transactions in 2016 were short sales.
In addition to the many stages of the grieving process that come with the loss of a close family member, some individuals experience tension between other family members regarding the deceased family's estate planning. One common way that family disputes arise in Missouri is when a family member fails to clearly outline the details of their will. Surviving family members are often left with a legal mess to untangle, which, needless to say, can spark tension over an already-emotional situation.
Much of estate planning revolves around the family, children and immediate loved ones. Passing assets in a large, closely-knit family seems natural, but if you live alone or aren't in close contact with family members, the future of your estate might not look as clear. What are your options?
One of the reasons why St. Louis residents are encouraged to see to all matters related to their estates while they still are able to do so is to avoid any potential strife and disputes that may arise amongst their beneficiaries once they are gone. Yet as time passes, changes in the management of one's estate may force parties into positions that they never wanted, yet feel compelled to fulfill. Beneficiaries who may have initially been relieved to not be in a position of authority regarding the management of estate assets may end up having to assume such roles, which could lead to conflict with others who also have an interest in an estate.
You are ready to make a big purchase. You have completed your education. You studied hard. You got that full-time job. You put in the hours, and now you are ready. You are going to purchase your first home. This milestone is huge. The accomplishment is great. You are proud of what you have accomplished and the purchase you are about to make. The process is one you are new to, so you want to get it right.