Blog

Online Wills
Digital Testament: How Online Wills Make Estate Planning Accessible

In today’s digital age, the way we handle important legal documents is evolving. Gone are the days of sifting through stacks of paperwork and visiting lawyers in person. Now, with just a few clicks, you can draft your last will and testament online. This article explores the concept of online wills and how they are revolutionizing the field of estate planning.

Understanding the Concept of Online Wills

Before diving into the world of online wills, it is essential to grasp the basics of digital estate planning. Online wills are legal documents that outline your wishes regarding the distribution of your assets after your passing. They are created, stored, and accessed digitally, offering a modern alternative to traditional paper wills.

The Basics of Digital Estate Planning

Creating an online will brings estate planning to the 21st century. Through user-friendly platforms, you can specify beneficiaries, appoint executors, and even include specific instructions for your final arrangements. The beauty of digital estate planning lies in its simplicity and accessibility. With just an internet connection, you can start safeguarding your assets and ensuring that your loved ones are taken care of.

The Legal Validity of Online Wills

Now, you might be wondering, are online wills even valid? The answer is a resounding yes. Online wills are legally recognized in many jurisdictions, with laws adapting to meet the needs of the digital era. However, it’s crucial to ensure that you comply with local regulations to ensure the enforceability of your online will. Learn more about the benefits of creating wills online.

Online Wills

As technology continues to advance, the legal system has recognized the need to adapt to the digital age. Online wills have gained acceptance in many jurisdictions due to their convenience and accessibility. However, it is important to note that the legal validity of online wills may vary from one jurisdiction to another, so it is always advisable to consult with a legal professional to ensure compliance with local laws.

One of the key advantages of online wills is the ability to easily update and modify your wishes. Traditional paper wills often require the assistance of an attorney to make changes, which can be time-consuming and costly. With online wills, you can make revisions as your circumstances change, ensuring that your wishes are always up to date.

The Advantages of Online Wills

So, why should you consider an online will over traditional methods? Let’s explore the numerous advantages that come with embracing the digital age of estate planning.

Accessibility and Convenience

One of the main advantages of online wills is the convenience they offer. You no longer need to schedule appointments or take time off work to visit a lawyer. Everything can be done from the comfort of your own home, anytime, and anywhere. This accessibility empowers individuals to take control of their estate planning process.

Imagine sitting on your couch, sipping a cup of tea, and effortlessly creating your will with just a few clicks. No need to rush through traffic or wait anxiously in a lawyer’s office. Online wills provide the convenience of estate planning at your fingertips.

Furthermore, the accessibility of online wills extends beyond just the creation process. With traditional wills, you may need to physically store and safeguard important documents. However, with online wills, you can securely store your documents digitally, eliminating the risk of loss or damage. This added convenience ensures that your will is always accessible when you need it most.

Affordability of Digital Wills

Traditional wills often come with hefty legal fees, deterring many individuals from engaging in estate planning. Online wills, on the other hand, are typically more affordable or even free. With online platforms, you can create and update your will at a fraction of the cost, making estate planning accessible to a wider audience.

By opting for an online will, you not only save money but also gain peace of mind. The affordability of digital wills allows you to allocate your resources towards other important aspects of your life, such as your family’s well-being or your own personal goals. It’s a win-win situation that empowers you to protect your legacy without breaking the bank.

Speed and Efficiency in Estate Planning

When a loved one passes away, time is of the essence. With online wills, you can save precious hours by speeding up the estate planning process. Instead of waiting for paperwork to be processed and mailed, your online will can be immediately accessed and executed. This efficiency ensures that your wishes are carried out promptly.

Imagine the relief of knowing that your loved ones won’t have to navigate through a lengthy and arduous legal process during an already difficult time. Online wills provide a streamlined approach to estate planning, allowing your beneficiaries to swiftly access the necessary information and assets, ensuring a smooth transition.

Moreover, online wills offer the advantage of flexibility. As life changes, so do our wishes and circumstances. With traditional wills, updating your document can be a cumbersome process. However, with online wills, you can easily make changes and modifications whenever necessary, ensuring that your will always reflects your current desires.

Online Wills

How to Create an Online Will

Now that you understand the advantages of online wills, let’s explore the steps in creating your own digital testament.

Choosing the Right Online Will Service

With numerous online will services available, it’s essential to choose a reputable platform. Look for services that have positive reviews, user-friendly interfaces, and excellent customer support. Take your time to research and select a platform that aligns with your needs and values.

When choosing an online will service, it’s important to consider the security measures they have in place. Look for platforms that use encryption technology to protect your personal and financial information. Additionally, check if they have backup systems in case of any data loss or technical issues. By selecting a service that prioritizes your privacy and security, you can have peace of mind knowing that your digital will is in safe hands.

Steps in Drafting Your Digital Will

Once you’ve chosen an online will service, the process is relatively straightforward. You’ll be guided through a series of questions to gather the necessary information. These questions will cover your assets, beneficiaries, executors, and any other specific requests you may have. Simply provide accurate and detailed answers to ensure your wishes are properly documented.

One advantage of creating an online will is the convenience it offers. Unlike traditional methods, you can work on your digital will at your own pace and from the comfort of your own home. You can save your progress and come back to it later if needed. This flexibility allows you to carefully consider your decisions and make any necessary updates whenever you see fit.

Potential Drawbacks of Online Wills

While online wills offer numerous advantages, it’s important to be aware of potential drawbacks and limitations. Let’s take a closer look at some of these concerns.

Legal Complexities and Limitations

Online wills need to comply with local laws and regulations. Depending on your jurisdiction, certain formalities may need to be followed for your will to be valid. While online services strive to provide templates that meet legal requirements, it’s essential to understand that they may not cover every unique situation.

For instance, complex family situations or unique asset distributions may require specialized legal advice beyond what an online service can provide. In such cases, consulting with an attorney who specializes in estate planning can help ensure that your will accurately reflects your wishes and is legally binding.

Security Concerns in Digital Estate Planning

Naturally, storing sensitive information online raises security concerns. It’s crucial to choose a reputable online will service that employs stringent security measures to protect your data.

Look for platforms that offer encryption, secure servers, and privacy policies that meet industry standards. These measures help safeguard your personal information from unauthorized access and ensure that your digital estate planning remains confidential.

However, it’s important to note that no system is entirely foolproof. Despite the best security measures, there is always a small risk of data breaches or hacking attempts. Therefore, it’s wise to regularly monitor your online will service for any updates or improvements in security protocols.

Additionally, it’s worth considering the potential implications of a digital will in case of your death. Will your loved ones be able to access and navigate the online platform easily? Providing clear instructions and sharing necessary login information with trusted individuals can help alleviate any potential difficulties they may face during the probate process.

By understanding the legal complexities and security concerns associated with online wills, you can make an informed decision about whether this approach aligns with your needs and preferences. Remember, it’s always beneficial to seek professional advice when necessary to ensure that your final wishes are properly documented and legally binding.

Online Wills

Future of Estate Planning: The Rise of Digital Wills

The world of estate planning is continuing to evolve, with digital wills paving the way for innovative changes.

In this era of rapid technological advancements, it is no surprise that estate planning is also benefiting from the latest technological innovations. The emergence of artificial intelligence and blockchain technology has opened up new possibilities in the field. These cutting-edge technologies are expected to revolutionize the execution and administration of digital wills, making the process more efficient and secure than ever before.

Imagine a future where artificial intelligence algorithms can analyze vast amounts of data, ensuring that your digital will is comprehensive and tailored to your specific needs. These algorithms could take into account various factors such as your assets, debts, and even your personal values, ensuring that your wishes are accurately reflected in your digital will.

Furthermore, blockchain technology has the potential to provide an unprecedented level of security and transparency to the estate planning process. By utilizing a decentralized and immutable ledger, digital wills can be stored securely, eliminating the risk of tampering or unauthorized access. This not only ensures the integrity of your digital will but also provides peace of mind for both you and your loved ones.

Changing Perceptions Towards Online Wills

As more individuals opt for online wills, the perception of digital estate planning is shifting. What was once considered unconventional is becoming mainstream. Increased awareness and acceptance of online wills will further contribute to their accessibility and legitimacy in the future.

With the rise of digital natives, who are accustomed to conducting their affairs online, the demand for digital wills is only expected to grow. The convenience and ease of creating and managing a digital will from the comfort of one’s own home is an attractive proposition for many. Additionally, the ability to update and revise a digital will with a few clicks of a button provides a level of flexibility that traditional paper-based wills simply cannot match.

Moreover, the ongoing COVID-19 pandemic has highlighted the importance of digital solutions in various aspects of our lives. Social distancing measures and lockdowns have made it challenging for individuals to meet with lawyers or notaries to create or update their wills. In such times, digital wills have emerged as a practical and safe alternative, allowing individuals to ensure their affairs are in order without compromising their health or safety.

As we look towards the future, it is clear that digital wills are here to stay. With technological advancements and changing perceptions, the estate planning landscape is set to undergo a significant transformation. Embracing these digital solutions can provide individuals with greater accessibility, efficiency, and peace of mind when it comes to planning for their loved ones’ future.

In Conclusion

Digital testament: How online wills make estate planning accessible. With the advent of online wills, estate planning has become more convenient, affordable, and efficient. The legal validity of online wills, coupled with their numerous advantages, makes them a viable option for individuals looking to secure their assets and protect their loved ones. Embracing the digital age of estate planning can simplify the process, ensuring that your final wishes are carried out according to your intentions.

Wills Online
Securing Your Future: The Benefits of Creating Wills Online

Creating a will is an essential part of securing your future and ensuring that your assets are distributed according to your wishes. However, many people overlook the importance of this legal document, assuming it is unnecessary or too complex to create.

In this article, we will explore the significance of wills and how the shift to digital platforms has made creating wills online Australia more accessible than ever before.

Understanding the Importance of Wills

When it comes to estate planning, wills play a crucial role. A will is a legal document that outlines how you want your assets to be distributed after your death. It provides instructions to your loved ones and ensures that your wishes are honored.

Without a valid will, your assets may be subject to intestacy laws, which can result in a lengthy and complicated probate process. By creating a will, you can avoid potential disputes among family members and provide clarity regarding your final wishes.

The Role of Wills in Estate Planning

Estate planning involves more than just creating a will. It encompasses a variety of legal strategies to protect your assets and provide for your loved ones. A will serves as the foundation of your estate plan, allowing you to designate beneficiaries, name guardians for minor children, and specify funeral arrangements.

In addition to a will, other estate planning tools, such as trusts and powers of attorney, can further protect your assets and ensure your wishes are carried out. Consulting with an experienced estate planning attorney can help you navigate the complexities of this process and ensure your estate plan is comprehensive and tailored to your specific needs. Click here to get how online wills make estate planning accessible.

Wills Online

Why Everyone Needs a Will

Regardless of your age, wealth, or family situation, everyone can benefit from having a will. Creating a will allows you to dictate how your assets should be distributed, ensuring that your loved ones are provided for in the way you desire.

Even if you don’t have significant assets, a will allows you to appoint an executor to handle your affairs and make important decisions on your behalf. It also eliminates ambiguity and reduces the burden on your loved ones during an already difficult time.

Furthermore, having a will can also help you minimize potential estate taxes. By strategically planning the distribution of your assets, you can take advantage of tax-saving opportunities and maximize the amount that goes to your beneficiaries.

Additionally, a will can provide peace of mind knowing that your wishes will be carried out. It allows you to leave a lasting legacy by supporting causes or organizations that are important to you. Whether it’s a charitable donation or setting up a trust fund for future generations, a will gives you the power to make a positive impact even after you’re gone.

The Shift to Digital: Online Wills

In recent years, there has been a significant shift towards digital solutions, and will creation is no exception. Online wills have gained popularity due to their convenience, affordability, and accessibility.

What is an Online Will?

An online will is a will created using a digital platform or software. Instead of working with a traditional attorney, individuals can generate their wills online by answering a series of questions and following the provided templates. These platforms use advanced technology to ensure that the will is valid and legally binding.

The Rise of Digital Estate Planning

The rise of digital estate planning has transformed the way people approach managing their assets and creating their wills. Online platforms provide a streamlined and efficient process, allowing individuals to create legally sound wills from the comfort of their homes.

Digital estate planning also offers the advantage of storing important documents securely online, reducing the risk of loss or damage. With the increasing digitalization of our lives, it makes sense to embrace digital solutions for estate planning as well.

One of the key benefits of online wills is the ability to easily update and revise the document as needed. Life is ever-changing, and our circumstances can evolve over time. With a traditional paper will, making changes can be a cumbersome and time-consuming process. However, with online wills, individuals can make updates with just a few clicks, ensuring that their will always reflects their current wishes.

Furthermore, online wills provide a level of accessibility that traditional methods may not be able to match. For individuals with mobility issues or those living in remote areas, accessing legal services can be challenging. Online wills break down these barriers by allowing anyone with an internet connection to create a will without the need for in-person meetings or travel.

Another advantage of online wills is the cost-effectiveness they offer. Traditional estate planning often involves significant attorney fees, which can deter individuals from creating a will altogether. Online wills, on the other hand, are typically more affordable, making it easier for people to take the necessary steps to protect their assets and ensure their wishes are carried out.

Wills Online

Advantages of Creating Wills Online

Convenience and Accessibility

One of the major advantages of creating wills online is the convenience it offers. With just a few clicks, you can create a will without the need for multiple appointments with an attorney. Online wills allow you to work at your own pace and complete the process whenever and wherever it is convenient for you.

But let’s dive deeper into the convenience aspect. Imagine you’re a busy professional with a hectic schedule. Finding the time to meet with an attorney during their office hours can be a challenge. However, with online wills, you have the flexibility to work on your will during your lunch break, late at night, or even while sipping your favorite coffee at a cozy café. The convenience of online wills truly empowers you to take control of your estate planning without disrupting your daily life.

Furthermore, online will platforms often provide user-friendly interfaces and step-by-step guidance, making the process simpler and more accessible, even for individuals without legal expertise. These platforms understand that not everyone is well-versed in legal jargon, so they break down complex concepts into easy-to-understand language. With clear instructions and helpful explanations, creating a will online becomes a seamless and stress-free experience.

Affordability of Online Wills

Traditional will creation can be costly, especially when working with an attorney. Online wills offer a more cost-effective alternative, allowing individuals to create a will at a fraction of the cost. These platforms typically offer different pricing tiers, accommodating various budgetary constraints.

But let’s talk numbers. Hiring an attorney to create a will can cost hundreds, if not thousands, of dollars. For some, this expense may be a significant barrier to securing their future. Online wills, on the other hand, provide affordable options that fit within a wide range of budgets. By eliminating the need for attorney fees, online wills make estate planning more accessible to a larger number of individuals, ensuring that everyone can secure their future without breaking the bank.

Moreover, online will platforms often offer additional resources and tools that can help you make informed decisions about your estate planning. These resources may include educational articles, FAQs, and even access to legal professionals who can answer your questions. By providing these value-added services, online will platforms go beyond just affordability and truly empower individuals to make well-informed choices about their wills.

Flexibility and Control

Creating a will online provides flexibility and control over the entire process. You have the freedom to revise and update your will as your circumstances change over time. This flexibility ensures that your will remains up to date, reflecting your current wishes and intentions.

But let’s explore the concept of control a bit further. Online platforms not only allow you to revise your will but also provide a secure and confidential environment to store and access your important documents. Imagine having the peace of mind that your will is safely stored and easily accessible whenever you need it. Whether you want to make a small amendment or review your entire estate plan, online will platforms give you the control to manage your will effortlessly.

Additionally, online platforms allow you to designate trusted individuals as executors or beneficiaries, giving you control over who manages your estate and inherits your assets. These platforms provide customization options, ensuring that your will accurately represents your preferences and priorities. You can specify detailed instructions, such as how you want your assets distributed or any specific conditions you want to impose. The ability to customize your will according to your unique circumstances and wishes is a powerful feature that online wills offer.

Wills Online

Key Features of Online Wills

Customization Options

One of the key features of online wills is the ability to customize your document to suit your specific needs. These platforms offer various templates and options, allowing you to tailor your will based on your unique circumstances. Whether you have complex asset distribution or specific funeral arrangements, online wills can accommodate your requirements.

However, it is important to note that while customization options are available, it is still advisable to consult with an attorney to ensure your will is legally sound and covers all necessary aspects of estate planning.

Legal Compliance and Support

Online will platforms strive to ensure legal compliance with the relevant laws and regulations. These platforms typically have built-in safeguards and validation processes to minimize the risk of errors or omissions in your will. Additionally, many platforms offer customer support, providing guidance and assistance throughout the process.

While online wills offer convenience, it is essential to exercise due diligence and select a reputable platform that prioritizes legal compliance and provides adequate support to address any concerns or questions you may have.

Choosing the Right Online Will Service

Factors to Consider

When selecting an online will service, there are several factors to consider to ensure you choose the right platform for your needs. It is important to assess the platform’s reputation, reliability, and level of security. Look for platforms that have established credibility and positive customer reviews.

Additionally, consider the ease of use and user experience. The platform should offer a straightforward interface and clear instructions to guide you through the process. Take into account the customization options and whether the platform provides access to legal professionals for advice or support.

Trusted Online Will Platforms

There are several trusted online will platforms available today that offer reliable and comprehensive solutions. Some popular platforms include LegalZoom, Willful, and Trust & Will. These platforms have built a strong reputation and provide user-friendly interfaces, customization options, and legal compliance.

Be sure to research and compare different platforms to find the one that best suits your preferences and requirements. Remember, conducting thorough research and seeking professional advice can help you feel confident in your choice of an online will service.

In conclusion, creating a will is an integral part of securing your future and safeguarding your assets. With the advancement of technology, online wills have emerged as a convenient and accessible option for individuals looking to create their wills without the need for traditional legal services. These online platforms offer numerous advantages, including convenience, affordability, and flexibility. By choosing a reputable online will service and customizing your document to your specific needs, you can ensure that your final wishes are honored and your loved ones are provided for. Embrace the digital shift in estate planning and take control of your future by creating a will online.

The Process of Creating an Online Will Explained
The Process of Creating an Online Will Explained

Creating a will is an essential task that everyone should undertake regardless of their age, health, or financial situation. A will ensures that your assets are distributed according to your wishes, and your loved ones are taken care of after you pass away. The rise of technology has made creating a will more accessible than ever before, and online platforms have made the process easier, quicker, and more affordable. In this article, we’ll cover the process of creating an will online and explain why it is a smart decision for anyone looking to secure their legacy.

Understanding the Importance of an Online Will

Before we dive into the specifics of creating wills online Australia, it’s essential to understand why having one is so important. An will online allows you to guide the distribution of your assets and belongings precisely, often with less legal hurdles and expenses than a paper will. It provides you with complete control over where your assets go and who receives them and can avoid unnecessary family disputes over one of life’s most sensitive times.

However, it’s not just about controlling the distribution of your assets. An will online can also be a way to ensure that your final wishes are carried out. For example, if you have specific funeral arrangements or want to donate to a particular charity, an will online can ensure that these wishes are fulfilled. It can also be a way to protect your loved ones, ensuring that they are provided for financially and that their future is secure.

The Benefits of Having an Online Will

Creating an online will comes with several advantages. Firstly, it allows you to create a comprehensive legal document that outlines your final wishes and intentions without incurring high legal fees. This means that you can ensure that your assets are distributed according to your wishes without having to spend a fortune on legal fees. Learn more about why become a commercial lawyer?

Secondly, it’s faster than traditional methods because digital platforms reduce the time and energy spent in physically visiting legal professionals. This means that you can create your online will quickly and easily, without having to take time off work or spend hours travelling to appointments.

The Process of Creating an Online Will Explained

Thirdly, online platforms provide valuable guidance throughout the entire process and ensure that nothing is left out. This means that you can be sure that your will online is comprehensive and covers all of your wishes and intentions.

Fourthly, they guarantee that your will is secure, accessible, and provide detailed instructions on how to access it and any revenue-generating assets you own. This means that you can be sure that your will online is safe and secure, and that your loved ones will be able to access it when the time comes.

Common Misconceptions about Wills Online Australia

Despite the numerous benefits of creating an will online, several misconceptions and myths may discourage some from adopting this method. One such misconception is that wills online Australia lack legal authority and are not legally binding. While it’s essential to ensure your will online meets the legal requirements of your state, the documents generated are generally regarded as legitimate, legal, and fully enforceable under the law.

Additionally, the fear of online fraud makes some people worry that their will online can be stolen or tampered with. However, like all sensitive data, wills online Australia must pass stringent security measures, ensuring that the integrity of the data is not at risk of manipulation. This means that you can be sure that your will online is safe and secure, and that your wishes will be carried out exactly as you intended.

In conclusion, creating an will online is an essential step in ensuring that your final wishes are carried out and that your loved ones are provided for. It’s fast, easy, and affordable, and it provides you with complete control over the distribution of your assets. So why wait? Create your will online today and enjoy the peace of mind that comes with knowing that your wishes will be carried out exactly as you intended.

Assessing Your Estate and Beneficiaries

Before diving into the specifics of creating an will online, it’s essential to assess your estate and identify your beneficiaries. Here are some of the steps you can take to ensure that you have a clear understanding of what you own:

Identifying Your Assets

The first step in assessing your estate is identifying your assets. This process can be time-consuming, but it’s essential to ensure that you don’t miss anything. List all significant physical assets that you own, such as property, vehicles, and jewelry, including digital assets such as cryptocurrencies, online bank accounts, and electronic documents. You should also consider any intangible assets you have, such as investments, company shares, or intellectual property rights.

When listing your assets, it’s important to include as much detail as possible. For example, when listing your property, include the address, the size of the property, and any other relevant information. This will make it easier for your beneficiaries to understand what they are inheriting.

Choosing Your Beneficiaries

After identifying your assets, the next step is to select your beneficiaries. Choosing your beneficiaries can be an emotional and challenging process, especially in families with multiple members. Before making a decision, you should consider your relationships with your family members and friends and what you want to achieve with your will.

It’s important to remember that you don’t have to leave everything to your family members. You can choose to leave some of your assets to charity or other organizations that are important to you.

If any of your beneficiaries are minors, you should consider appointing a legal guardian who will oversee their interests and welfare. This is an important decision, and you should take the time to choose someone who is responsible and trustworthy.

The Process of Creating an Online Will Explained

Appointing a Guardian for Minor Children

Suppose your will includes any dependents who are minors under your guardianship. In that case, it’s essential to appoint a guardian who will take care of them in the unfortunate event that you pass away. Choose someone who is responsible, reliable, and trustworthy and has known the child for a substantial period.

It’s also important to inform the person in question and discuss your expectations, values, and parenting style. This will ensure that your children are taken care of in the way that you would want them to be.

By assessing your estate and identifying your beneficiaries, you can ensure that your assets are distributed according to your wishes. It’s important to take the time to do this properly to avoid any confusion or disputes after your passing.

Selecting an Online Will Platform

Creating a will is an essential part of estate planning. It ensures that your assets are distributed according to your wishes, and your loved ones are taken care of after you pass away. With the increasing availability of will online platforms, it has become easier to create a will without the need for a lawyer. However, selecting a platform that meets your needs can be overwhelming.

Here are some additional factors to consider when selecting an will online platform:

  • Security: You want to ensure that the platform you choose uses secure encryption to protect your personal information and data.
  • Customization: Look for a platform that allows you to customize your will to fit your unique situation. This includes adding specific instructions and provisions that may not be included in a standard template.
  • Accessibility: Consider a platform that allows you to access and update your will easily. This is particularly important if you experience any changes in your life circumstances.
  • Reviews: Do your research and read reviews from other users who have used the platform. This will give you an idea of their experiences and whether the platform is reliable and trustworthy.

Comparing Popular Online Will Platforms

There are several will online platforms available, each with its unique features and pricing plans. Here are some additional details about some of the popular platforms:

  • LawDepot: This platform offers a user-friendly interface and a free trial period. It also provides access to additional legal documents beyond wills.
  • Willing: Willing offers a simple and straightforward platform with affordable pricing plans. It also includes a living will and power of attorney in its basic package.
  • Rocket Lawyer: Rocket Lawyer provides access to actual lawyers for legal advice and support. It also offers a free trial period and a satisfaction guarantee.
  • NOLO: NOLO offers a comprehensive package that includes a will, living trust, and power of attorney. It also provides access to legal advisors for additional support and advice.

Ultimately, the platform you choose will depend on your unique needs and preferences. Take the time to research and compare each option to ensure you select the one that meets your requirements and provides peace of mind.

The Process of Creating an Online Will Explained

Drafting Your Online Will

Planning for the future is an important part of life, and creating a will is one of the most critical steps you can take to ensure that your assets are distributed according to your wishes. With the rise of technology, creating an will online has become an increasingly popular option. Here’s what you need to know about drafting your will online:

Providing Personal Information

The first step in drafting an will online is to provide your personal information. This includes your full name, mailing address, and identification information. It’s important to ensure that all the information you provide is accurate and up-to-date. This will help to avoid any confusion or disputes down the line.

When providing your personal information, you may also need to provide details about your family members, such as your spouse and children. This information will help to ensure that your will accurately reflects your wishes for the distribution of your assets.

Outlining Your Asset Distribution

The next step in creating your will online is to outline how you wish to distribute your assets. This can include identifying your beneficiaries and how much of the assets they should receive. You may also want to include any charities that you want to include in your will.

When outlining your asset distribution, it’s important to consider all of your assets, including your property, investments, and personal possessions. You may also want to consider any debts or liabilities that you have and how they should be addressed in your will.

Naming an Executor

One of the most important decisions you will make when creating your will online is naming an executor. This person, who can be an individual or an organization, will be responsible for managing your estate and ensuring that your wishes are carried out according to your will.

When choosing an executor, it’s important to consider someone who is trustworthy, responsible, and capable of carrying out the duties required. You may also want to consider naming an alternate executor in case your first choice is unable to fulfill the role.

Adding Special Requests and Instructions

Finally, you can include any special requests or instructions that are important to you. This section may include any last wishes on how you want your family to say goodbye at your funeral, any financial instructions you may have, or method of any bequest payments. You may also want to include any specific instructions for the care of any pets or other dependents.

Creating an will online is an important step in planning for your future and ensuring that your assets are distributed according to your wishes. By following these steps, you can create a comprehensive and legally binding will that provides peace of mind for you and your loved ones.

Conclusion

An will online provides efficient, affordable, and secure protection for your loved ones and assets. With the steps outlined in this article, you’re well on your way to creating and establishing an will online process that guides, distributes, and secures what’s important to you well into the future.

Why Become a Commercial Lawyer?
Why Become a Commercial Lawyer?

Sadly, one misconception frequently surprises students seeking to become commercial attorneys. Despite the fact that many commercial solicitors encourage students at career fairs to apply to work at competitive companies within their commercial department. They were misled about how difficult it would be and were undoubtedly mistaken.

commercial lawyers Newcastle may be required to work long hours, adhere to rigorous deadlines, operate under pressure, work well in teams, and even risk their lives for their jobs. This is not ideal, but because commercial lawyers are committed to their work and driven to succeed, they are ready to make this compromise. So, take heed: this is a tough job.

Why Work as a Commercial Lawyer?

Commercial Lawyer

This question is however divided into two areas:

  • Why Commercial Law?
  • Why Become a Solicitor?

Naturally, the need to comprehend the company as a whole and the need for development in a market with continuously changing trends have lawyers fascinated by commercial law. This understanding of shifting marketplaces has also been essential to further their interests in commercial law, particularly regarding how technology may both help and hurt businesses. After all, risks increase when technology advances more rapidly. 

Many people would consider being a commercial solicitor because of the employment security benefits, especially as compared to the self-employed barrister. Greater security does not imply that the process is any simpler. Commercial lawyers must possess a high level of research abilities, critical analysis capabilities, and the capacity to adjust to challenging and unforeseen circumstances. You must be able to strike a balance between providing customers with outstanding communication and a high caliber of legal service, attending to both the client’s commercial needs and their legal needs while taking into account their goals and demands.

How Does Commercial Awareness Work?

Being aware of developments in the business sector is a straightforward definition of commercial awareness.

You must comprehend how and why organizations conduct in the manner they do in order to possess commercial awareness skills. A good solicitor can connect these changes to the legal profession.

Are You Commercially Aware?

Commercial interests play a crucial role in determining whether or not to become a commercial solicitor. This entails considering business insolvency, business dangers, the effects they have on customers, and public safety, all of which impact business-related legal concerns.

For instance, recent cyberattacks on hotel chains may raise questions about their compliance with legal obligations and laws, as well as those of banks whose clients may have been impacted and those making investments in the company itself. To become a successful, driven commercial solicitor, you must be passionate about such topics.

Which legal modules are your favorites?

modules are your favorites

Importantly, the courses you excel in or like the most may influence your decision to become a commercial layer. Many claims that an interest in tort and contract law is essential for a career as a commercial solicitor. The question of whether you appreciate the difficulties that most frequently emerge in commercial contexts is vital in determining whether you would personally enjoy a career as a commercial attorney, apart from the wider variety of modules accessible to students in subsequent years.

Commercial or Corporate law?

Corporate law

Furthermore, many students could fail to recognize corporate and commercial law differences. Are you paying attention to one while neglecting the other? Avoid doing this because there is a lot of overlap between the two fields. Having knowledge of or an interest in either could signal that you would be a good candidate for a future as a commercial solicitor. A company’s position at launch, growth, development, decline, and of course, a review of issues impacting each of these stages, are examples of areas where there may be overlap. You will naturally be interested in these concerns and the legal difficulties that may help or hinder business development if you are business-minded and have a passion for the companies you deal with.

How to Be Certain

You might want to do more research on the field, participate in online internship programs, get job experience, and other things to determine if becoming a commercial solicitor is the right career for you. Importantly, if you work part-time, your interests in commercial law may also be influenced by your understanding of the business’s operations and your awareness of the importance of legal matters in relation to those operations. In order to determine whether there is a practice area you like in comparison to or not, you might also wish to look at fields outside of commercial law.

What the Commercial Law Covers

Commercial law is the body of legislation tasked with regulating business; it covers all aspects of commercial transactions and the legal repercussions of business interactions. It is crucial for people and organizations involved in regular business and commercial operations. The practice of commercial law assures compliance with all applicable laws governing business and commercial transactions, fostering an environment conducive to reasonable and fair business practices.

Without the guiding principles supplied by commercial law regulations, unethical and unjust company practices that do not adhere to ethical standards would be allowed to flourish. Due to its emphasis on regulating business civil actions, the area is typically considered a part of civil law. However, the consequences of breaking this code of law could result in both civil and criminal measures being taken against those who do so.

Duty of a Commercial Lawyer 

A commercial and business lawyer’s primary duty is to assist his clients by giving them legal choices and advice on how to make decisions in a commercial setting. Corporate lawyers provide legal guidance on contracts that relate to corporate organization, buying and selling companies, preparing and developing commercial agreements, managing and assisting in the resolution of commercial conflicts, and negotiating technological license deals. This aids corporate, industrial, and commercial clients in managing their internal business processes.

Related: The Process of Creating an Online Will Explained

All the Information You Need About Commercial Law
All the Information You Need About Commercial Law

Commercial law is a branch of the law that governs how people, businesses, and merchants conduct themselves when engaging in trade, sales, and commerce.

What is Commercial law?

Commercial law

Commercial law is a branch of the law that governs how people, businesses, and merchants conduct themselves when engaging in trade, sales, and commerce. In other words, commercial law is the set of guidelines that merchants and other businesspeople must abide by when conducting their operations.

The terms “commercial law” and “business law” can refer to the same thing because they cover a lot of similar ground. A lawyer who practices one also most likely has experience practicing the other. A commercial lawyers Canberra will almost certainly be needed in any issue involving businesses or ethical business practices.

Real estate, food and safety rules, and environmental regulations are just a few of the many legal fields that commercial law interacts with. Contract law, intellectual property law, and consumer protection are some of the most significant subcategories of commercial law. Commercial law governs a wide range of transactions, including sales of goods and services, leases, principal-agent relationships, security interests, and much more. It also addresses related issues including tax planning and business insolvency.

What exactly do commercial lawyers do?

The customers of a commercial attorney are typically corporations or huge businesses. Therefore, a typical day can involve reading and rewriting contracts, drafting legal contracts for businesses, and examining corporate mergers. It may also be required for the customer to have a lengthy conversation on the terms of a contract or license agreement. The task will therefore depend on the specialty you have picked. A team of commercial lawyers known as “property lawyers” work primarily for their employer and look for the firm’s legal issues.

Corporate litigation, including the typical structure of contractual claims, is a common topic for commercial lawyers to handle. The duties of best commercial lawyers include recommending that applicants aid their clients in court proceedings and aid them in preparing for probable objections.

Characteristics of Commercial Lawyers

In order to advise their customer on how to organize and negotiate a transaction successfully and to come up with creative solutions to the particular problems that each transaction presents, a good corporate lawyer must be strategic and creative. Since they are responsible for supervising and coordinating all the multidisciplinary efforts that go into advising a customer on a transaction, they also need to be excellent project managers. They must also be able to compile all the different advice and clearly communicate it to the client in form and substance so that the client can make informed decisions about crucial issues.

Additionally, excellent corporate lawyers excel at project management, have in-depth knowledge of corporate law, are able to see both the big picture and the details, exercise excellent judgment, communicate with the client effectively to ensure everyone is on the same page, comprehend the client’s goals, and are responsive. 

Definition of Commercial Law and the UCC

Given the broad meaning of commercial law, it could be beneficial to describe the subject in terms of temporality. Commercial law, as opposed to litigation, which arises after a lawsuit has been filed, deals with legal concerns that arise before the start of a case. While litigation attorneys help clients defend their interests in court when business agreements are broken, commercial law attorneys aid in negotiating and entering into corporate contracts.

The selling and distribution of commodities as well as the financing of particular transactions are at the heart of commercial law. The Uniform Commercial Code (UCC), a model body of regulations for the sales of products, leasing of negotiable instruments, and secured transactions, governs it. Every state makes use of some kind of the Uniform Commercial Code, but each state is free to alter the rules as it sees fit. It’s important to hire a lawyer who is knowledgeable about the UCC as it relates to your state due to the differences in how each state implements UCC requirements.

Areas of Commercial Law

Commercial Law

Commercial law rotates mainly around the commercial setting or that which involves businesses. It could also cover any legal disputes involving the company, partnerships, manufacturing, merchant shipping, sales of consumer goods, and insurance. The following legal disciplines are covered under commercial law:

  • Retail sales
  • consumer defense
  • Law of contracts
  • Copyright law 
  • Corporate law
  • Intellectual property law,
  • Trademark law,
  • Patent law
  • Antitrust and competition law
  • Environment legislation
  • Corporate responsibility
  • The law governing global commerce
  • Labor law

Several nations have also passed civil codes that offer comprehensive summaries of their commercial laws. This has been done in an effort to lessen the difficulties that can arise when attempting to handle such a vast area of law. Keep in mind commercial law does not exist in a vacuum. Instead, it interacts with a wide range of other legal disciplines, including those that deal with trusts, taxes, European law, and criminal law.

Should I Work with a Commercial Lawyer?

There are various reasons to employ a commercial attorney. Every industry has unique business and commercial legal issues. An attorney skilled in the kind of business your firm does can give more practical and precise guidance as they assist you in figuring out an answer to your legal concern that also addresses ethics and conventional industrial processes.

Business owners frequently wait until it’s too late to engage an attorney before doing so. Additionally, many business owners attempt to negotiate the sale of items without being aware of or comprehending the legal criteria established by their state’s acceptance of UCC laws. Contracts may be broken or canceled as a result, and earnings may also be lost.

Legal repercussions and litigation may follow if one party to the contract decides to sue the other party. Instead of attempting to negotiate the law on their own, business owners would be advised to enlist the help of a commercial law attorney throughout the early stages of the agreement negotiating process. Their legal rights will be protected as a result.

What exactly is Commercial law?
What exactly is Commercial law?

Commercial law is a body of private law governing interactions between parties to legal acts, transactions, and deeds deemed trade deeds under the law. It also applies to situations in which traders are participants. Business and corporate law are areas of expertise for corporate and commercial attorneys. They are aware of the subtle distinctions among legal entities and how to apply them to various scenarios. They aid businesses in a variety of transactions related to business operations.

What exactly do commercial lawyers do?

Corporations or large businesses are frequently the clients of commercial attorneys. As a result, a typical day can include tasks like reading and amending contracts, drafting legal contracts for organizations, and analyzing corporate mergers. For the conditions of a contract or a license agreement, it can also be necessary for the client to engage in extensive discussion. As a result, the task will depend on your chosen area of specialization. The term “property lawyer” refers to a group of commercial attorneys primarily representing their employer and searching out the company’s legal problems.

Commercial lawyers frequently deal with corporate lawyers, including the standard format of contractual claims. Commercial lawyers’ jobs include requesting that applicants assist their clients with litigation and assist them in being ready for potential opposition.

What characteristics do best commercial lawyers possess?

In order to advise their customer on how to organize and negotiate a transaction successfully and to come up with creative solutions to the particular problems that each transaction presents, a good corporate lawyer must be strategic and creative. Since they are responsible for supervising and coordinating all the multidisciplinary efforts that go into advising a customer on a transaction, they also need to be excellent project managers. They must also be able to compile all the different advice and clearly communicate it to the client in form and substance so that the client can make informed decisions about crucial issues.

Additionally, excellent corporate lawyers excel at project management, have in-depth knowledge of corporate law, are able to see both the big picture and the details, exercise excellent judgment, communicate with the client effectively to ensure everyone is on the same page, comprehend the client’s goals, and are responsive.

What qualities distinguish an excellent commercial lawyer?

To succeed in corporate law, you must acquire an exceptional understanding of business law, contemporary issues, and legislative and regulatory developments. Additionally, you’ll need to learn about corporate and company law in other nations where your clients have operations or want to make investments.

Business law

A business lawyer must possess outstanding analytical abilities, strong communication and negotiation skills, the ability to think creatively, and thorough attention to detail. The majority of business transactions require collaboration. Your interpersonal and people management abilities should be top-notch because you will work with groups of professionals who have a shared goal. A successful commercial lawyer is ambitious, enjoys a challenge, and pursues their objectives with tenacity.

The goals of a commercial lawyer

commercial lawyer

A commercial lawyer’s main objective is to assist his clients by giving them legal choices and advice on how to make decisions in a business setting. Commercial attorneys provide legal guidance on contracts that relate to corporate organization, buying and selling companies, preparing and developing commercial contracts, managing and assisting in the resolution of commercial conflicts, and negotiating technological license agreements. These services help corporate, industrial, and commercial clients manage their internal processes.

What Are a Few Common Legal Problems in Commercial Law?

Some specific legal difficulties are related to commercial and business laws. A significant portion of most commercial law legal matters include contract violations. Contracts are commonly used in transactions between firms and customers, frequently leading to legal problems. A contract violation might result in substantial losses for either side.

Aside from contract hitches, common commercial law legal problems include:

  • Advertising and marketing conflicts and violations.
  • Issues with unfair competition
  • Starting a new business;
  • Moving or closing an existing business
  • Complaints from customers
  • Protection of trade secrets and intellectual property

As was already said, commercial disagreements frequently entail a variety of laws from other fields, such as environmental law or real estate law.

How Are Disputes in Commercial Law Settled?

Commercial law issues can involve a variety of possibilities for dispute settlement, unlike disagreements in other areas of law like criminal law. Depending on the nature of the breach or conflict, resolutions to business law problems may include:

  • Financial compensation for losses
  • Contract rescission is one of the remedies for a breach of contract.
  • Fair remedies, such as injunctions,
  • Business mediation or other forms of alternative dispute resolution

Whether the responsible party is a commercial merchant or a regular person, remedies can frequently vary. A class action lawsuit may also be necessary in certain commercial law cases if the same problem harms numerous parties.

Do I need an Attorney with Commercial Law Issues?

Commercial law conflicts are frequently complicated and may include a number of distinct statutes and laws. If you need help with any commercial law difficulties, you might need to employ a commercial lawyer in your area. Your attorney can help you with your claim by offering legal counsel, investigation, and other services. Additionally, your lawyer can represent you in court if you need to file a case or appear at any court hearings.

Conclusion

Having a corporate law company on your side is crucial for reasons other than employee confidentiality. You will need appropriate legal assistance if a commercial deal is established between two distinct organizations to ensure that everything goes smoothly. An arrangement like this is referred to be a partnership. If your company needs to enter into contracts, you will need legal counsel to analyze the agreement and ensure that your company’s interests are safeguarded. Legal assistance will also be required if there are any difficulties with patents or trademarks.

Many people are unaware of their rights when it comes to bill collection. As a business owner, you could experience harassment from debt collectors. Understanding your options will help you manage bill collectors and keep your business running effectively. You can have peace of mind when handling this kind of issue with the aid of a commercial law firm.

The importance of commercial law for businesses
The importance of commercial law for businesses

The business world may be challenging and even downright unpleasant. Small businesses unexpectedly find themselves in a legal minefield or maze when a customer, employee, or business partner becomes troublesome. To have someone on your side when you need support, it’s usually a good idea to have a working relationship with some business lawyers who are familiar with the industry and comprehend the challenges at hand.

When it comes to how it applies to particular circumstances, commercial law is frequently very complicated. Since this is a very complex field of law, non-specialist attorneys frequently cannot offer much assistance. The sheer variety of potential problems necessitates expert handling.

As an illustration, the following are some of the topics addressed by commercial law:

  • Contract law
  • Commercial lawyers Sydney
  • Public liability
  • Business conduct
  • Consumer law
  • Commercial disputes
  • Commercial property, and 
  • Supply chain problems

These problems can, however, also be combined, and they are never straightforward. Additionally, complicating matters is the possibility of several parties to a dispute.

What the Commercial Law Covers

Commercial Law Covers

Commercial law is the body of legislation tasked with regulating business; it covers all aspects of commercial transactions and the legal repercussions of business interactions. It is crucial for people and organizations involved in regular business and commercial operations. The practice of commercial law assures compliance with all applicable laws governing business and commercial transactions, fostering an environment conducive to reasonable and fair business practices.

Without the guiding principles supplied by commercial law regulations, unethical and unjust company practices that do not adhere to ethical standards would be allowed to flourish. Due to its emphasis on regulating business civil actions, the area is typically considered a part of civil law. However, the consequences of breaking this code of law could result in both civil and criminal measures being taken against those who do so.

The goals of a corporate lawyer

Commercial law is one of the most common practice areas for lawyers globally. A commercial lawyer can work in a variety of industries, such as the private sector as a corporate lawyer or the public sector as a regulatory counsel. A commercial lawyer will most likely be a legal expert in corporate law, antitrust law, patents, intellectual property, and other business-related laws.

A lengthy education is required to become a business lawyer, which may begin with undergraduate studies. Although a bachelor’s degree in law is not necessary to work as a business lawyer, those who are interested in the field may opt to study for one in a closely connected field, such as business, economics, or communications.

The concept of commercial law is that it is a particular law that applies to specific people and activities. Its content is created by patrimonial legal relationships of a commercial nature (acts and deeds of trade); additionally, it is created by non-patrimonial relationships that are relevant to the commercial activity and in which the traders are found in relation to one another on an equal footing with respect to the law.

Duty of a Commercial Lawyer 

Duty of a Commercial Lawyer

A commercial and business lawyer’s primary duty is to assist his clients by giving them legal choices and advice on how to make decisions in a commercial setting. Corporate lawyers provide legal guidance on contracts that relate to corporate organization, buying and selling companies, preparing and developing commercial agreements, managing and assisting in the resolution of commercial conflicts, and negotiating technological license deals. This aids corporate, industrial, and commercial clients in managing their internal business processes.

A corporate law attorney will offer the required assistance in preparing documentation for the company, helping you make the right choices also allowing you to determine the dangers facing your business:

  • Commercial contracts – negotiations, drafts, additions, modifications, termination, and insertion clauses in any commercial contract; 
  • Commercial litigation – assistance or representation in the pre-trial negotiation phase and before the courts; 
  • Receivable recovery
  • commercial property – exploitation and protection, trademark registration 
  • Modifications of Constitutive Acts
  • Legal Advice

What exactly do corporate lawyers do?

Corporations or large firms are frequently the clients of commercial attorneys. As a result, a typical day can include tasks like reading and amending contracts, drafting legal documents for organizations, and analyzing corporate mergers. On the client’s part, it could also be necessary to possess strong negotiating abilities for the conditions of a contract or license agreement. As a result, the task will depend on your area of expertise as a business lawyer. However, a number of business attorneys are referred to as “commercial lawyers,” which means that they primarily serve one client and focus on the business’s legal difficulties.

Commercial and business attorneys frequently deal with litigation involving commercial disputes that take the conventional form of contractual claims. Commercial attorneys’ jobs include requesting that applicants assist their clients with litigation and assist them in being ready for potential opposition.

What makes excellent commercial lawyers?

A skilled business lawyer must possess great academic credentials, the capacity to think creatively, strong communication and negotiation abilities, and thorough attention to detail. To succeed in corporate and commercial law, you must acquire exceptional business and commercial law knowledge, current trends, and legislative and regulatory developments.

Additionally, you’ll need to become knowledgeable about commercial and company legislation in other nations where your clients have operations or want to make investments.

A commercial and corporate law attorney develops effective solutions.

A lawyer with expertise in business law has the responsibility of continuously studying the legal difficulties pertaining to the economic activity engaged in by his clients, in addition to advocating for them in court and offering the best solutions specific to each case. The client must therefore seek the finest answers for her situation and make use of the outcomes provided as soon as feasible.

Additionally, excellent corporate lawyers excel at project management, have in-depth knowledge of corporate law, are able to see both the big picture and the details, exercise excellent judgment, communicate with the client effectively to ensure everyone is on the same page, comprehend the client’s goals, and are responsive.

HOA Rental Restrictions – Owner Perspectives
HOA Rental Restrictions – Owner Perspectives

My homeowner association is trying to take away my property rights!  They say I can’t rent my home to a tenant.  They can’t do that! 

I’ve lost track of how many times I’ve heard those words from upset owners of condos and townhouses. Most Americans firmly believe they should be able to do whatever they want with their real estate, as long as no laws are broken.  After all, isn’t the ability to lease one of the basic rights of property ownership?

Normally, yes.  But owning a home in an HOA community is different.  When someone buys a condo or townhouse, their property is subject to the recorded Covenants, Conditions, and Restrictions (CC&Rs) of the homeowners association.  An essential element of the HOA lifestyle is that individuals must sometimes subordinate their wishes to the community’s best interests.

This is the most overlooked and misunderstood aspect of living in an HOA community. The majority decides what is best for the association and those decisions are binding on everyone.  Those with the power to set policies can also change them at any time (with a few exceptions). 

So when changes happen, it’s rarely accurate to say that a property right has been taken away from owners.  Instead, owners gave up certain rights for the HOA’s benefit at the time of purchase.  That’s why if the majority votes to limit leasing, those who disagree must still comply.

Must Read: Why You Don’t Own Your Front Yard

Human nature is partly responsible for the renting issue being so contentious.  Nothing speaks to us as loudly as our own self-interest.  Owners feel they should be able to lease their units whenever and however they want.  But deep down, those same people are not as steadfast about the neighbors’ right to do so.  What if the other owner(s) chooses tenants that break the HOA rules or cause property damage?  What if so many people decide to lease that the development begins to look and feel like a rental community?  Won’t that hurt the area’s ambiance and property values?

It’s easy to feel sympathy for owners who need to rent their condo or townhouse, but can’t.  This is especially true when the rental restrictions were passed after that particular owner bought. That feels unfair, like changing the rules of a game while it’s being played.  But it’s legal, as long as the lease limitation was adopted properly and there is no conflicting state law.

However, being legal doesn’t necessarily make leasing restrictions a good idea.  People’s lives change and that sometimes requires moving.  Losing a job, changes in marital status or medical issues can all create the need to sell one’s current home.  Unfortunately, the real estate market for the past few years has been a seller’s nightmare.

Lease restrictions work best in hot real estate markets because they prevent too many investors in HOA communities that want to remain mostly owner-occupied.  But in a bad market, these restrictions can harm owners and the neighborhood.  When owners can’t sell quickly and can’t have a tenant, the financial and emotional strain of an unwanted property leads to short sales, foreclosures, and abandoned real estate.  All of these outcomes drive down property values, the very thing rental restrictions are meant to preserve!  In these circumstances, HOA Boards would be wise to liberally grant hardship exceptions to the rental ban.

Why You Don’t Own Your Front Yard
Why You Don’t Own Your Front Yard

Most Minneapolis homeowners are shocked to learn they don’t own all of their front yards.

 People assume that the public sidewalk abuts the residential property line.  That’s a logical assumption and one that holds true in St. Paul.  So why isn’t it true in Minneapolis? 

As each neighborhood of Minneapolis was first built, developers dedicated part of their land to public right-of-ways by recording a deed or a plat map.  The location and size of those public easements were dictated by the city planners.  Early street right-of-ways were required to be 60 feet wide in residential areas.  Today, the typical width is 66 feet and the area is usually laid out like this:

For some reason, Minneapolis sidewalks have not been placed along the residential property lines.  Instead, the sidewalk edge closest to the house is usually 2-3 feet away from the property line.  This 2-3 foot wide strip looks like the rest of the privately-owned front yard, but it’s subject to a public easement.  And there are some areas where that public strip is 8-13 feet wide!

I couldn’t find a written explanation about why Minneapolis set the sidewalk away from the property line.  But here are some theories, based upon who might have made the decision.

Must Read: HOA Rental Restrictions – Owner Perspectives.

If a city engineer made the decision, it would have been based on cost efficiencies.  When the “extra” strip is placed next to the property line, the right-of-way construction path is narrower and therefore, cheaper.  A narrower swath requires less grading and fill, and affects fewer trees, fences and retaining walls.

If a city attorney made the decision, real estate law was the decisive factor. Because municipal workers would eventually need to repair the sidewalk, the attorney’s advice was to keep some public property on both sides.  Otherwise, workers would have to obtain permission to trespass from each adjacent owner whenever they needed to work in that area.

If politicians made the decision, it would have been aimed at currying political favor from voters.  The elected officials could have claimed they gave home owners a larger front yard for free (even though a public easement was on part of it).

It’s also possible that traditional construction plans dictated the design simply because no one revised them when circumstances changed.  The pavement, boulevard, and sidewalk fully used the original 60-foot wide street right-of-way.  When a 66-foot width later became the new standard, the older and narrower layout may have continued by default, leaving the “extra” 3-foot wide strip next to the property line.

Regardless of why this occurred, take note.  If you are a Minneapolis homeowner, city workers will mow the grass between the sidewalk and your lot line since it’s public land.  Nah, just kidding.  There has long been a municipal ordinance requiring the adjacent property owner to maintain the area between the property line and the curb.

Christmas Valley
The Story of Christmas Valley

Christmas Valley is an unincorporated area in Lake County, Oregon.  It has a population of 749 and was named after nearby Christmas Lake.  The town didn’t exist until 1961 when the M. Penn Phillips Development Company bought 90,000 acres there.  Penn Phillips was a veteran developer who specialized in creating new communities on desert terrain.  In a 1959 Time magazine article, Phillips claimed to have sold more parcels of land (around 100,000) than any man alive.

His development company quickly built 30 miles of roads, 15 homes, a motel, an airstrip, a 40-acre experimental farm, and an artificial lake.  The developer then began offering free plane trips from California for prospective buyers. 

Penn Phillips was charismatic and the picture he painted of the future Christmas Valley was so inviting that 90% of his land sold within three months.  He alternately described the area as ideal for farming, as a retirement mecca, and as a small town with a vibrant old-fashioned Main Street worthy of a Norman Rockwell painting.  He also preached that real estate investments were a great hedge against inflation. 

What was not well-known in 1961 is that Mr. Phillips started the Christmas Valley project after his California business license was suspended.  That suspension cited his company for engaging in “substantial misrepresentation in land sales and failure to exercise reasonable control over sales personnel.”  

By 1963, the town’s infrastructure was complete but only 203 people lived there.  Most residents were surveyors, road builders, or other employees of the Phillips Company.   The community’s goal of 5,000 people by 1965 was unattainable.  Penn Phillips abandoned the development in 1973, at the age of 86.

I know about Christmas Valley because after my father died, we discovered he owned land there.  No one knows why he bought it.  He faithfully paid the $30 property taxes for many years, but never saw the property.  His parcel is in an undeveloped area surrounded by sand dunes and has a negligible market value.

What’s the moral of this story?   Do thorough research and don’t get caught up in a developer’s hype.  Hire a knowledgeable Realtor® to help you understand the pros and cons of buying in particular areas.  And remember, real estate doesn’t come with a “return or exchange” policy.

Must Read