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TrustDocuments

Do Revocable Trusts Help You Save Money on Taxes?

By Tobin O’Connor Concino P.C. |

In many ways, a revocable trust is the best of both worlds.  The revocable trust is a non-probate asset, much like an irrevocable trust.  Unlike an irrevocable trust, though, a revocable trust does not require you to make a forever decision about your money and then live to regret it.  The thing that makes… Read More »

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Mixed Use Development With Affordable Housing Units Opens in D.C.

By Tobin O’Connor Concino P.C. |

This month, a new mixed-use development opened in Southeast D.C.  The Clara, named after Clara Muhammad, is located at the original site of America’s Islamic Heritage Museum, and the new building includes a permanent location for the museum on the ground floor.  The ground floor of The Clara also includes retail spaces, in which… Read More »

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REAgent

How Will the National Association of Realtors Settlement Affect Your Plans?

By Tobin O’Connor Concino P.C. |

Among the many symptoms of financial long COVID is that the cost of buying a house is becoming increasingly unaffordable.  In fact, many people in their 30s who have been consistently employed for more than a decade, doubt that they will ever be able to afford their own home.  For a brief period in… Read More »

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Baltimore Sells Abandoned Houses at Rock Bottom Prices

By Tobin O’Connor Concino P.C. |

The scarcity of affordable homeownership is a major problem in most urban areas in the United States.  The problem does not always come down to lack of space, though.  Even though many counties, including some in the DMV, have affordable homeownership programs where they reserve certain newly built properties for first time homebuyers who… Read More »

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Should You Be Worried About the Recent Increase in Commercial Real Estate CLOs?

By Tobin O’Connor Concino P.C. |

So much about the real estate market is unpredictable.  No one who was building shared office space, roller skating rinks, and movie theaters in 2019 could have anticipated what the next year would bring.  Whenever one family buys one house, they are taking a financial risk, not knowing how much the value of the… Read More »

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Real Estate Transactions Run in the Family

By Tobin O’Connor Concino P.C. |

Everyone complains that the rich get richer while the rest of us work our whole lives for little or no reward.  If you have not thought about this for a while, it speaks well of your financial situation, your ability to be content with what you have, or both.  It is easier to feel… Read More »

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It’s Time to Make Will Attestation Parties a Thing

By Tobin O’Connor Concino P.C. |

When you were young, friendship was beautiful and pure.  The highlight of your day was riding the school bus after school, sitting next to a friend who wasn’t in any of your classes and didn’t get off the bus at the same stop as you, singing, “We Will Rock You” and laughing until you… Read More »

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Don’t Forget to Write Formerly Estranged Relatives Back Into Your Will

By Tobin O’Connor Concino P.C. |

You know you are old if, when you were a teenager, you had a poster of David Cassidy on the wall of your bedroom.  Like so many child stars, Cassidy grew up to be an adult whose life has the same ups and downs as any other adult’s life does, including several marriages and… Read More »

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In Praise of Trust Fund Kitties

By Tobin O’Connor Concino P.C. |

If you want your beloved pets to benefit from your generosity after you are gone, that is your prerogative.  What you do with your estate is your business.  Since animals cannot be beneficiaries of a will in their own right, you will have to word your will in such a way that your pets… Read More »

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HouseKeys

Everyone Wins When Landlords Help Tenants Boost Their Credit Score

By Tobin O’Connor Concino P.C. |

Despite the fact that home ownership is becoming unaffordable for an increasing number of people, the economics of residential rentals please no one, regardless of whether it is a mom-and-pop landlord renting out a finished basement or a large company managing a building with hundreds of units.  The rent payments that landlords collect from… Read More »

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