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Posts from May 2017.
Posted in Tax and Finance

In the recent Kentucky Court of Appeals decision Hays v. Nationstar Mortgage LLC, the court resolved two conflicting holdings and determined that judgment liens filed prior to purchase money mortgages have priority over purchase money mortgages.

Posted in Estate Planning

According to a recent report, baby boomer parents in North America will transfer some $30 trillion to the next generation over the next 30 to 40 years. A significant portion of this wealth is held as non-probate assets and as such not transferred under a traditional estate plan (e.g., Last Will and Testament). In anticipation of this great asset transfer, educate yourself on the common pitfalls and best practices of beneficiary designations on your non-probate assets.

The Fair Housing Act received renewed attention this week, as the United States Supreme Court issued a mixed opinion regarding a city’s ability to sue banks under the statute. The Supreme Court’s opinion will undoubtedly impact the scope of liability that banks may assume, potentially making way for new Fair Housing Act lawsuits filed by cities in the future.

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