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Young Lawyers Network: Answers for Students Interested in Practicing Trusts and Estates Law

For this issue of Young Lawyers Network, we field questions law students may have about becoming a trusts and estates (T&E) lawyer.

Features

Anatomy of a Ground Lease

Real Estate

Anatomy of a Ground Lease

A ground lease creates two distinct estates in land: the landlord’s fee interest and the tenant’s leasehold. In a well-constructed ground lease, each of these interests can be separately mortgaged, sold or assigned, or bequeathed or gifted without materially affecting the other. Both the landlord and the tenant should consider the value of this before granting burdensome pre-emptive rights to anyone.

COVID-19 and Real Estate

Real Estate

COVID-19 and Real Estate

As this is being written, the entire world is in the midst of a natural disaster with few precedents. The costs in terms of human life and human happiness are vast. The virus pandemic is also having enormous economic consequences, triggering a recession of almost record scope. Thousands of businesses have closed, and millions of people have lost their incomes.

The 2020 Election In Maryland: It’s Not About Politics

Trusts & Estates

The 2020 Election In Maryland: It’s Not About Politics

Maryland’s current elective share law is discussed, along with the competing considerations of individual property rights and support for marital relationships when an elective share is exercised. The new statute is described, as is the consequence of diverting assets otherwise passing to heirs especially in the case of blended families.

Risky Drafting: Practical Tips for Lease Liability Insurance Requirements

Real Estate

Risky Drafting: Practical Tips for Lease Liability Insurance Requirements

This article will analyze some common lease liability insurance requirements and provide answers to common liability insurance drafting questions.

Unauthorized Practice of Law in Residential Real Estate Transactions: The Use of Unlicensed Professionals and Standard Purchase Agreements

Real Estate

Unauthorized Practice of Law in Residential Real Estate Transactions: The Use of Unlicensed Professionals and Standard Purchase Agreements

The opaque relationship between attorneys and real estate brokers is addressed, specifically whether the common practice of brokers in negotiating a residential purchase agreement risks unauthorized practice of law, and potential solutions or improvements to the current practice are provided.