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Browsing Posts published in March, 2008

Life Estate

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I’ve been asked if you give someone a life estate, do they have the right to do anything they wish with the property, such as move out and rent it for income? What are an owners rights to the property after they have given someone else a life estate on it? ( such as: are they allowed to go on the property for inspection to make sure the property is maintained and kept up?)

A life estate is a form of interest in a property that allows the person with the life estate to retain full interest in the property until their death, but vests legal title in another person. It is most commonly used when an elderly parent wants to transfer their home to a child before their death, but wants to continue to occupy the property until that time. But it’s also a great, creative way to put together deals with older sellers who want to pull the cash out of their home but have the right to live in it until the end.
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One of the most effective ways for an interior designer to sell his or her services is through the use of a portfolio. An interior designer portfolio showcases a designer’s best work in a way that appeals to the client. It puts together some of the finest designs and solutions that a designer has come up with during the process of his or her career and for this reason, almost works like a self-portrait.

Interior designer portfolios used to be portable cases or files holding samples of the designer’s work. In other words, they were essentially paper products. Now however, interior designers increasingly use a combination of paper folders or portable cases and the internet to display their portfolios.

A good interior designer portfolio typically has a series of samples of the designer’s work in a logical sequence beginning from a simple design and then moving on to more complex designs. Some interior designer portfolios also display ‘before’ and ‘after’ pictures enabling the client to see firsthand the kind of work that the designer is capable of. Quite a few interior designer portfolios also include detailed descriptions of the design elements used in the room as displayed on the portfolio. Some portfolios are arranged in terms of styles, e.g., ‘modern contemporary’, ‘traditional country’, ‘relaxed sophistication’, ‘romantic’ and so on whilst others are arranged in terms of utility like bedrooms, living rooms, bathrooms, and kitchens.
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