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Frank Grimaldi
22 posts

HOW TO BUY REAL ESTATE AT BELOW MARKET PRICES

Frank Grimaldi
Real Estate
“Seek and ye shall find,” There is no guarantee, but this adage has stood the test of time. To buyers in the greater Boston area, prices might make you give up  and have another cup of coffee.  Unless you can prudently borrow money and have a chunk for a down payment,  this might seem like…
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A NEW WAY FOR CLOSINGS

Frank Grimaldi
Real Estate
Before Covid, most closings were conducted in the same manner as far back as when I began practicing 27 years ago. Namely, on the day the property was transferred to the new owner, the Buyer and Seller (often with their lawyers/real estate agents) met at the Registry of Deeds or lawyer’s office. Both sides signed…
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NINE THINGS ALL BUYERS SHOULD CONSIDER

Frank Grimaldi
Real Estate
Buying a home is a big decision! Here are 9 key considerations to keep in mind: Budget: Determine your budget, including down payment, mortgage rates, property taxes and homeowners’ insurance. A rule of thumb for your housing costs is they should not exceed 25% of your monthly gross income; and no more than 35% of…
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ELIMINATING THE “STEPPED-UP BASIS” WILL HURT MIDDLE-INCOME EARNERS TOO

Frank Grimaldi
Estate Planning, Probate, Real Estate
To help fund $1.5 trillion dollars in new spending,  President Biden wants to eliminate the “stepped-up basis” applied to inherited assets. The President is selling this as a tax on “the rich.”  However, contrary to what the President, Senator Warren and others say, eliminating the “stepped-up basis” will definitely be detrimental and costly for middle…
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money for house transaction grpahic

Petition to Partition

Frank Grimaldi
Real Estate
What if one co-owner of real estate wants to sell, and the other co-owner does not? When Real Estate Owners Cannot Agree Short answer: Petition to Partition. Owning real estate, just land or land with improvements is desired by many. Although ownership of real estate is considered an asset, it often entails obligations, such as…
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Division of Assets in Divorce Proceedings

Frank Grimaldi
Divorce/Separation
Marital property is defined as all the assets, real estate, interests, etc. obtained during the marriage. This includes the marital home, investment properties, bank accounts (regardless of whether they were individually or jointly held), retirement accounts, vehicles (even if they are currently financed), personal property (furniture, jewelry, etc.), and everything else you may have come…
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Legal Aspects of Divorce in Massachusetts

Frank Grimaldi
Divorce/Separation
Fault and No-Fault Divorce in Massachusetts Divorce is the legal termination of a marital union by a court in a legal proceeding. All divorce involves a party’s petition or complaint for divorce. Laws guiding the process of divorce vary from state to state. Historically, a party had to prove the other party was at fault…
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Alimony by the Numbers

Frank Grimaldi
Divorce/Separation
How much alimony will I need to pay/how much alimony will I receive? If you are contemplating divorce, one of the many issues of concern is alimony. Massachusetts General Laws define alimony as “the periodic payment of support to a recipient spouse who is economically dependent. “ Although the Probate Court Judges are given discretion…
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