By: James C. Busch On February 13, 1992 in the case of Palmer et al. vs. Duncan Wholesale, Inc., Case Number S91G0484 the Georgia Supreme Court reversed the decision of the Georgia Court of Appeals pertaining to certain aspects of…
The Difference Between Escrow & Escrow Accounts First-time home buyers are often confronted with many confusing and unfamiliar terms, most of which are essential for any future homeowner to understand. This is especially true of those that refer to purchasing…
What Is a 1031 Exchange? Section 1031 of the Internal Revenue Code (IRC) allows buyers and sellers to exchange property of equal or near value in lieu of trading money for property, which would be subject to immediate taxation. Also called…
What Happens to Debt After Death Debts typically don’t just disappear after the debtors are deceased, nor are creditors typically inclined to let outstanding balances remain unpaid. At this point, debts are transferred to the estate and paid off in…
Normally, when someone passes away without leaving behind a will (or has property and assets not named in their will), their estate must go through an in-court process called probate. At this point, the court will handle your loved one’s…
Why Legal Validity Is Essential to Construction Contracts Contracts play a central role in the construction industry. A legitimate, correctly-formulated contract can provide clarity when business disputes arise or when another party fails to uphold their end of a deal.…