BERYS LAW | Business, Real Estate, Wills/Trusts

Home Equity Line of Credit (HELOC) fraud is a form of financial deception that targets homeowners who have obtained a HELOC, leveraging the equity in their homes. This type of fraud can have devastating consequences for homeowners. 

Falling victim to HELOC fraud can have severe financial consequences for homeowners. Fraudulent HELOCs can result in unauthorized withdrawals from the homeowner's equity line, leaving them responsible for repayment of funds they never borrowed. 

Here’s what you need to know and ways to prevent yourself from falling victim to these schemes. 

What Is HELOC Fraud?

HELOC fraud typically involves deceptive practices aimed at accessing a homeowner's available credit line or extracting funds from their home equity without their knowledge or consent. Common forms of HELOC fraud include:

• Identity Theft: Fraudsters may steal a homeowner's personal information, such as Social Security numbers, bank account details, and property information, to...

In healthcare, uncertainty can arise unexpectedly, leaving individuals unable to express their wishes regarding medical treatment. To address this potential scenario, advance directives serve as important legal documents that empower individuals to outline their healthcare preferences and appoint trusted representatives to make decisions on their behalf if they become incapacitated. 

Understanding advance directives and their importance ensures that one's medical wishes are respected and honored during times of incapacity.

What Are Advance Directives? 

Advance directives, also known as advance healthcare directives or living wills, are legal documents that allow individuals to specify their preferences for medical treatment and designate surrogate decision-makers to act on their behalf if they are unable to communicate their wishes. 

These documents serve as invaluable tools for ensuring that healthcare decisions align with an individual's values, beliefs, and...

Lead hazards in rental properties pose significant health risks, particularly to young children and pregnant women. While federal and state laws regulate lead-based paint disclosure and remediation in residential properties, tenants must be aware of their legal rights and options when it comes to addressing lead hazards in their rental units.

Understanding Lead Hazards

Lead-based paint was commonly used in residential properties before its ban in 1978. When lead-based paint deteriorates or is disturbed during renovations or repairs, it can release lead dust and particles into the air, posing health risks when ingested or inhaled.

Exposure to lead can cause serious health problems, including neurological damage, developmental delays, learning disabilities, and behavioral issues, particularly in young children. Pregnant women exposed to lead can also experience complications such as miscarriage, premature birth, and developmental issues in their unborn child.

Landlord Responsibilities...

Commercial tenant improvements (TI) represent a significant aspect of leasing agreements in the commercial real estate sector. These improvements allow tenants to tailor the leased space to their specific business needs, enhancing functionality, aesthetics, and operational efficiency. 

Navigating the legal complexities surrounding tenant improvements is necessary for both landlords and tenants. In this article, we'll provide a comprehensive legal overview of commercial tenant improvements, covering key concepts, rights, and obligations for all parties involved.

What are Commercial Tenant Improvements?

Commercial tenant improvements encompass any modifications, alterations, or enhancements made to a leased commercial space by the tenant during the lease term. These improvements can range from cosmetic upgrades to structural renovations and may include interior build-outs, installation of fixtures, and other enhancements to customize the space according to the tenant's...

Employment contracts serve as the foundation of the relationship between employers and employees. They offer clarity and protection for both parties. However, when an employer fails to uphold their end of the agreement, it can lead to a breach of the employment contract. 

As an employee, you must understand your rights and options in the event of a breach. Here's what you should know about breach of employment contracts. 

Types of Employment Contracts

Employment contracts come in various forms, including written, oral, and implied contracts. 

• Written contracts are explicit agreements that outline terms and conditions of employment, such as salary, benefits, job duties, and termination procedures. 
• Oral contracts, while less common, can still be legally binding if certain criteria are met.
• Implied contracts arise when an employer's actions or statements imply an agreement to certain terms, even if not explicitly stated in writing.

Understanding Breach of...

Estate planning is a critical process that allows individuals to protect and manage their assets during their lifetime and ensure their wishes are carried out after their passing. For families with loved ones who have special needs, estate planning takes on added significance. 

Integrating special needs planning into your estate plan means protecting the long-term financial security and well-being of your loved one with special needs. Here's why and how you should incorporate special needs planning into your comprehensive estate plan:

Preserve Eligibility for Government Benefits

Many individuals with special needs rely on government benefit programs such as Supplemental Security Income (SSI) and Medicaid for essential support and services. However, eligibility for these programs is often contingent on meeting strict income and asset limits. 

Without careful planning, inheriting a significant sum of money or assets could jeopardize your loved one's eligibility for these...

Buying a home is one of the most significant financial transactions individuals undertake in their lifetime. When purchasing a property, buyers rely on sellers to provide accurate and transparent information about the property's condition and history. 

However, in some cases, sellers may fail to disclose material defects or issues with the property, leading to disputes and potential legal action. Below, we'll explore what buyers need to know about suing a seller for non-disclosure in real estate transactions.

What Constitutes Non-Disclosure

Non-disclosure occurs when a seller fails to disclose material facts or defects about the property that could affect the buyer's decision to purchase. Material facts may include structural issues, water damage, pest infestations, environmental hazards, or legal disputes affecting the property. 

Sellers have a legal obligation to disclose these issues to prospective buyers, and failure to do so may constitute fraud or misrepresentation.

Drafting a comprehensive and legally sound lease agreement is a critical step for landlords and property owners when renting out their properties. A well-drafted lease agreement has important benefits. It protects the rights and interests of both parties and also helps prevent potential disputes and misunderstandings down the line. 

However, many landlords make common mistakes when drafting lease agreements that can lead to legal complications and financial losses. Below, we'll highlight some of the most common mistakes to avoid when drafting lease agreements for rental properties.

Failing to Clearly Define Terms and Conditions

One of the most common mistakes landlords make is failing to clearly define the terms and conditions of the lease agreement. Ambiguity or vague language in the lease can lead to misunderstandings and disagreements between the landlord and tenant. 

It's essential to clearly outline important provisions such as the duration of the lease, rent amount...

Probate is the legal process through which a deceased person's estate is settled, debts are paid, and assets are distributed to beneficiaries. While probate is intended to be a straightforward process, it can often be plagued by delays and complications, leading to frustration and uncertainty for heirs and beneficiaries. 

Below, we'll explore the common causes of probate delays and provide insights into how to navigate them effectively.

1. Complex Estate Assets

One of the primary reasons for probate delays is the complexity of the deceased person's estate assets. If the estate includes a variety of assets such as real estate, investment accounts, business interests, or valuable personal property, it can take time to gather and assess the value of these assets. 

Additionally, assets located in different jurisdictions may require separate probate proceedings, further complicating the process.

2. Disputes Among Heirs and Beneficiaries

Disputes among heirs and beneficiaries...

Running a business is an ambitious endeavor that requires more than just a good idea and entrepreneurial spirit. From navigating legal complexities to managing finances and building a strong team, successful business ownership involves a complex approach. 

In this article, we'll explore the key elements necessary to run a business effectively and navigate the challenges along the way.

1. Clear Vision and Strategy

Every successful business begins with a clear vision and strategy. Define your business's purpose, mission, and long-term goals, and develop a strategic plan to achieve them. Identify your target market, understand your competitors, and differentiate your products or services to stand out in the marketplace. A well-defined vision and strategy provide direction and purpose, guiding your business decisions and actions.

2. Legal Compliance and Regulations

Navigating the legal landscape is essential for protecting your business and ensuring compliance with applicable laws...