lawyer – Page 4 – Young Law, PLLC

How can survivorship accounts create problems during the administration or probate of an estate? | Ryan C. Young | Richmond, Virginia

April 5, 2011October 10, 2019 Ryan C. Young, Esq.

I always cringe when someone asks me to draft their “simple” will. In my opinion, rarely is there such a thing as a “simple” estate plan. An estate plan should consider all of the assets of the individual and how those assets are held. When an attorney or a layperson tries to cut corners and save money on a proper... Read More

How is a commercial lease different from a residential lease? | Ryan C. Young | Richmond, Virginia Attorney

February 28, 2011October 10, 2019 Ryan C. Young, Esq.

Commercial Leases play by a different set of rules. Whether you are looking for an address for your small business or leasing your property to a small business, it is important to understand that commercial leases are very different from residential leases. The list of various terms discussed in this article is by no means comprehensive, rather, the discussion is... Read More

What happens if a co-owner (co-tenant) of real estate is ousted or excluded from the property?

February 25, 2011October 10, 2019 Ryan C. Young, Esq.

As a general rule, each joint tenant, tenant in common, or coparcener (joint heir) has the right to possess the whole, regardless of the percentage that they own. For the purposes of this article, I will use the term “co-tenants”. Under established Virginia law, one co-tenant may oust the others. When this occurs, the ousted co-tenants may recover the... Read More

Virginia Real Estate: Representations and Warranties of the Seller | Ryan C. Young | Real Estate Law | Richmond, Virginia Attorney

February 8, 2011October 10, 2019 Ryan C. Young, Esq.

Virginia Law: What are the Seller’s legal duties to disclose a defect with real estate? I am often asked whether a seller has a duty to disclose defects with real estate. In many of these instances, the buyer has purchased real estate and later found that there are defects with the property. The buyer is seeking legal counsel because they feel... Read More

Virginia Estate Administration: What should I do after someone dies? | Ryan C. Young | Richmond, Virginia Attorney

January 4, 2011October 10, 2019 Ryan C. Young, Esq.

Take time to mourn your loss. Firstly, if you are reading this article, please let me extend my sympathy for the loss of your loved one. I hope that you are able to take some time to mourn your loss and to reflect on their life. The first days and weeks after someone dies can be extremely burdensome and hectic... Read More

Virginia Real Estate: Do I need an attorney to help with my real estate closing?

December 22, 2010October 10, 2019 Ryan C. Young, Esq.

Every state is different when it comes to settlement agents and the various roles parties play in the settlement of real estate. In Virginia, settlements are usually conducted by a non-attorney settlement agency. However, you certainly have the right to hire an attorney as you enter the closing. Depending on the part of the state you reside in, it may... Read More

Removal of a Personal Representative in Virginia Estate Administration and Probate | Ryan C. Young | Richmond, Virginia | Estate Litigation

December 14, 2010October 10, 2019 Ryan C. Young, Esq.

Removal of a Personal Representative in a Virginia estate administration or probate. In Virginia, the person whose duty it is to administer the estate of a deceased person is called the personal representative. Their job is to settle the financial affairs and distribute the assets of the decedent to the beneficiaries of a will or family members under the Virginia’s... Read More

What is a title search and why do I need one?

December 10, 2010October 10, 2019 Ryan C. Young, Esq.

This article applies to sales of both commercial and residential real estate in Virginia. What is a title search and why do I need one? Often times, purchasers of real estate question why they need to pay for a title search. They often wonder why a title search is necessary. After all, the seller seems responsible and honest, right? If... Read More

Legal considerations when buying a business | Ryan C. Young | Small Business Law in Richmond, Virginia

November 23, 2010October 10, 2019 Ryan C. Young, Esq.

Buying or Selling a Small Business in Virginia Many individuals start a business and then decide that being a business owner is not for them. There are many reasons why small business owners decide to sell the business: family commitments, debt, partner disputes, death, etc. Many entrepreneurs find that purchasing an existing business can save them time and money. If... Read More

Introduction to Probate Law in Virginia | Ryan C. Young | Richmond, Virginia | Estate Law

November 14, 2010October 10, 2019 Ryan C. Young, Esq.

A brief lesson on Probate Law in Virginia In Virginia, as in most states, a will must be submitted to the court for probate so that it may be declared valid. When someone dies, their personal representative cannot just walk into a bank with the will in hand and demand the money of the deceased. The personal representative must first... Read More

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