Falls Creek Land Use & Zoning Lawyer, Pennsylvania
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23 Beaver Dr, Du Bois, PA 15801
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LEGAL TERMS
INHERITORS
Persons or organizations who receive property from someone who dies.
BASIS
For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the pr... (more...)
For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the property, 'adjusted' to reflect improvements made or damage incurred while you own the property. See stepped-up basis, carryover basis.
HOMESTEAD DECLARATION
A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that ... (more...)
A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that is, you are not required to record a homestead declaration in order to claim the homestead exemption. A few states do require such a recording, however.
ASSIGNMENT
A transfer of property rights from one person to another, called the assignee.
LEGACY
An outdated legal word meaning personal property left by a will. The more common term for this type of property is bequest. Compare devise.
DIVIDEND
A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash,... (more...)
A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash, though they may also be paid in the form of additional shares of stock or other property. The amount of a dividend is established by the corporation's board of directors; however, state laws often restrict a corporation's ability to declare dividends by requiring a minimum level of profits or assets before the dividend can be approved.
RESTRAINT ON ALIENATION
A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it... (more...)
A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it never be sold to anyone outside the family. These provisions are generally unenforceable.
ARBITRATION
A non-court procedure for resolving disputes using one or more neutral third parties -- called the arbitrator or arbitration panel. Arbitration uses rules of ev... (more...)
A non-court procedure for resolving disputes using one or more neutral third parties -- called the arbitrator or arbitration panel. Arbitration uses rules of evidence and procedure that are less formal than those followed in trial courts, which usually leads to a faster, less-expensive resolution. There are many types of arbitration in common use: Binding arbitration is similar to a court proceeding in that the arbitrator has the power to impose a decision, although this is sometimes limited by agreement -- for example, in 'hi-lo arbitration' the parties may agree in advance to a maximum and minimum award. In non-binding arbitration, the arbitrator can recommend but not impose a decision. Many contracts -- including those imposed on customers by many financial and healthcare organizations -- require mandatory arbitration in the event of a dispute. This may be reasonable when the arbitrator really is neutral, but is justifiably criticized when the large company that writes the contract is able to influence the choice of the arbitrator.
WORDS OF PROCREATION
Language used to leave property to a person and his or her descendants, which typically take the form 'to A, and the heirs of his body,' where A is the person r... (more...)
Language used to leave property to a person and his or her descendants, which typically take the form 'to A, and the heirs of his body,' where A is the person receiving the property.
SAMPLE LEGAL CASES
COAL GAS RECOVERY v. Franklin Township Zoning Hearing Board
Coal Gas Recovery and Emerald Coal Resources appeal an order of the Court of Common Pleas
of Greene County (trial court) affirming the grant of a special exception by the Franklin Township
Zoning Hearing Board (Board), which included a condition that was challenged by ...
Spahn v. Zoning Bd. of Adjustment
1135 Samuel C. Stretton, Esq., Law Offices of Samuel C. Stretton, West Chester, for Gary
Spahn, Society Created to Reduce Urban Blight (SCRUB)/MC Tracy/Wynnefield Hghts. Civic
Ass'n/Belmont Village Comm. Ass'n, appellants. ... Richard Gerson Feder, Esq., Cheryl ...
Hafner v. ZONING HEARING BD. OF ALLEN TP.
These cross-appeals arise from a decision of the Court of Common Pleas of Northampton County
(trial court) that affirmed two decisions of the Allen Township Zoning Hearing Board (ZHB). The
proceedings before the ZHB arose from the inquiry of Brian J. Kulp and Melissa J. Kulp ( ...
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