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Communities facing rising umbrella liability rates

Mem Property Management

A new phenomenon has emerged that is the result of a dramatic rise in litigation, along with astonishingly large payouts for bodily injury claims, also referred to as “nuclear verdicts.” Litigation funding is another variable. This is a viable way for attorneys to pursue lawsuits where plaintiffs have limited resources.

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Importance Of Power Of Attorney When You Own Rentals

Rental Housing Journal

Whether you own one or multiple rental properties, a power of attorney is a key component in your estate planning portfolio. Stromberg Warren Allen LLP Power of Attorney in General A Power of Attorney takes effect on its execution date, remains in effect if you become incompetent and financially incapable, and expires when you pass away.

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Estate Planning for Rental Housing Owners

Rental Housing Journal

However, it is not recommended that the owners heirs, or a beneficiary, also serve as a witness due to concerns of undue influence on the testator that could later create costly litigation. You can also email John Stromberg, Attorney at Law, at stromberg@warrenallen.com.