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Lynchburg Legal Blog

Car accidents may occur due to improper crossing of lanes

A man recently lost his life in an unfortunate motor vehicle collision in Virginia. In addition, eight other individuals ended up suffering injuries. These types of car accidents can easily happen due to the negligence of a driver, which is grounds for litigation.

The recent head-on crash occurred at a little past 10:30 a.m. According to authorities, a man, 56, was driving south along Route 301 and suddenly breached the road's center line. At that time, he struck a compact sport utility vehicle carrying seven people.

Mistakes are often made when creating wills, trusts

Estate planning remains a frequently neglected aspect of future planning in Virginia. Unfortunately, failure to create wills and trusts may have some major financial consequences. Here are some of the most common estate planning mistakes.

First, those with insurance policies and retirement accounts may forget to name contingent beneficiaries or fail to review their beneficiaries frequently enough. If no contingent beneficiaries are selected, the default is likely a person's estate, which might be subject to creditors, probate and delays. In addition, if beneficiaries are not reviewed frequently, asset owners may end up leaving their valuables to unintended parties -- such as an ex-spouse.

What can I expect at my real estate closing?

Buying a new Virginia home likely is one of the most exciting events in the lives of you and your family. So far, everything has gone really well. You found your perfect house and made an offer on it that the seller accepted. Now all that stands in the way of your moving day is the real estate closing. If this is your first home-buying experience, you may be nervous about the closing and wondering exactly what will happen. Try not to worry. Your real estate closing is simply the final step of the process that transfers legal ownership of the home from the seller to you.

The first thing you will do at your closing is sign numerous documents. In addition, other important transactions will take place, including the following:

  • You will present your escrow agent with a cashier’s check for the amount of your closing costs.
  • Your mortgage lender will present your escrow agent with a check for the amount of your mortgage, assuming that important detail has not already happened.
  • Your escrow agent will present a check to the seller for whatever amount (s)he is entitled to receive.
  • Now comes the fun part. The seller will sign the property deed that gives you legal title to your new home. (S)he also will give you a set of keys to it if you do not already have a set.
  • Your title company representative will take the deed and properly register it in the Recorder of Deeds’ office before returning it to you.

Inspections an important part of real estate transactions

After weeks or months of home searching in Virginia, a couple has found the ideal home -- or so it seems. They have been pre-approved for financing, and they have developed lofty ideas about how to turn their new home into their dream home. Even better, their offer has been accepted -- a major turning point of real estate transactions. However, their work is not over -- not until they have had their homes inspected.

Inspections are critical for pinpointing any problems that may exist in a potential home. They are different from home appraisals, where professionals examine homes to determine their values on behalf of lending institutions. Home inspectors, unlike appraisers, are focused only on whether homes are safe -- not how valuable they are.

Developer facilitates real estate transactions in Virginia

A Virginia developer recently decided to add yet another hotel to its property portfolio. This time, the hotel is located in the Hampton Roads area. The company plans to purchase the hotel and conference center for a total of $19 million, making it one of the most noteworthy recent real estate transactions in Virginia Beach.

In addition to paying $19 million for the hotel, the real estate developer plans to spend a total of $25 million on property renovations. The hotel will then be rebranded. The building, which sits on a site spanning 3.6 acres near the Chesapeake Bay, features 295 suites.

Lynchburg-area college students: how to handle an arrest

If you are a college student in a Lynchburg, Virginia-area college and police arrest you for an offense such as underage drinking, drug possession, assault, or another crime, you are likely wondering how your arrest will affect your academic and career future. An arrest can put a permanent mark on your record that can have consequences both on your college career as well as future employment opportunities.

There are specific steps you can take following an arrest to help ensure the best possible outcome for your future. Here are some tips on how to proceed after an arrest.

Speeding a common cause of fatal car accidents

Sadly, two lives were snuffed out in a recent motor vehicle accident in Virginia. The early-morning car accident took place along Interstate 495. Often, these types of fatal car accidents happen due to the carelessness of a driver, which is grounds for a wrongful death claim.

The accident happened at about 12:15 a.m. on a Friday. A trooper was performing his routine patrols when he noticed a car that had overturned. After investigating the situation, he learned that the car had flipped as it came off an exit ramp. 

Wills, trusts may benefit those with cryptocurrency assets

Death is inevitable, and unfortunately, it sometimes comes sooner than one thinks. For this reason, estate planning, which may involve setting up trusts or creating wills, is critical no matter how old an individual may be. This is particularly the case for individuals in Virginia who own cryptocurrency assets.

Cryptocurrency is skyrocketing in value. In fact, some fortunate investors have amassed millions and even billions of dollars' worth of crypto assets recently. However, when they pass away, their assets may not end up in the intended hands if they have not taken estate planning seriously.

3 legal hazards of social media

Most people log on to Instagram or Facebook and think the content they post is harmless. You can control your privacy settings and manage your audience, so is there any real risk in getting personal via social media? Despite the customization abilities you have, the answer is yes. There are several ways in which social media can become a legal hazard if you do not carefully consider the potential consequences of what you post.

An ill-advised post on social media could threaten the success of your legal case. The following three examples are just a few liabilities to be on the lookout for. 

Some advice is best to ignore during real estate transactions

A challenging aspect of putting a home on the market in Virginia is dealing with all of the unknowns. For instance, how much can the home be sold for, and who will end up buying it? Home sellers' co-workers, friends and family may be quick to offer advice based on their own opinions, but unfortunately, not all advice regarding residential real estate transactions is good advice. Here are a couple common pieces of advice given to homeowners that are better to avoid.

First, many homeowners have heard that they should list their homes only during the spring. The reality is that each real estate market in the United States is different, so what may be an excellent selling time in one part of the country may not necessarily be good in another area. Also, if everyone decides to sell in the spring, that means more competition with other sellers. Thus, selling a home during the less busy months may be a wiser move in some cases.

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