Temecula Case Study

Luke is an employee of ABC Company. He has been assigned to a construction of an adult entertainment retail store within a neighborhood his brother, Owen, lives in. The development of the retail store has not been made public yet and will be announced one month from today. This announcement will decrease the property values of the surrounding areas significantly. Owen is trying to sell his house. He told Luke that he recently received an ‘okay’ offer. However, in hopes that a better offer might be present itself in a few years after the real estate market improve, he has not taken the offer yet. Luke is very close to his brother, which makes him concerned about his confidentiality obligation to ABC Company.

Nothing can prepare a family for an unexpected death. The toll it takes has devastating emotional consequences. To make matters worse, there are practical problems that often arise. The deceased may have incurred large medical bills before they died. The death requires a burial which can cost the surviving family members more than expected. Also, if the deceased provided income for the family, the struggle to keep their lives going can be almost impossible. When the death was caused by an act of negligence, there are terms for the surviving family members to bring forward a wrongful death claim.

These two gentleman have bee in the mortage and radio business for more than ten years now and work hard to build a positive relationship with clients, partnerships that extend past the purchase of the home. In addition, they remain commited

The property, according to Alexander, was aesthetically desirable and had profit potential; additionally the asking price of $350,000 was within his price range. Some renovation on the property was needed and the cost approximates $165,000 according to a contractor. After preparing an income and expense statement, Alexander projected a cash flow before financing of $61,510, without any allowance for the work he would do himself. He also planned to live in the top floor apartment with his wife “rent free”, while making money by managing and renting. With time of the essence, he had to act fast and take the property off the market before a potential investor got ahead of him.

She dialed the number. “Park County Realty, Vern Wilson speaking” the voice answered. Cheyenne identified herself and the property of interest. “Is it still available?” she inquired. “I’m sorry ma’am, that property is under contract just this morning. But I do believe a similar and even nicer property will be available soon. It’s across the valley a little bit and it’s really nice. I believe the asking price will be about $85,000.” Cheyenne asked if there were more similar properties available in the area. “Well ma’am, out here, “in the area” is a relative term. If you don’t have to be right in the valley, there are several others available in similar price ranges” the agent said. Cheyenne clarified her requirements and the agent affirmed “Yes ma’am, I think most of them would fit the bill.” “Let me get back to you in a few days. I would like to schedule a trip to see the properties” Cheyenne told him. “Just let me know when you’re coming. I will sure be delighted to show them to you ma’am” Vern replied. As she hung up the phone, Cheyenne felt as though she could conquer the

"Probate1 works with individuals to ensure the process runs smoothly. Our firm works to get the heirs the maximum amount allowed by law, while fulfilling any obligations. The probate lawyer may be called in at any time, to create the will, establish a trust or develop documents for a person's medical power of attorney, among other things. In addition, the lawyer can handle the filing of the estate with the court," Jackson goes on to say.

(6) Determination of the appropriateness of this particular property for Alexander’s personal needs. Should Alexander make this investment?

because of the family connection between Goodfriend and Partner-W. The decision was to move forward. A search for income property began. During this time, two single-family

Permit me to provide some background. My parents joined a conference regarding the probate real estate commerce (The probate fixation subsisted the actual motivation we relocated to Arizona). Awkwardly, my parents didn’t acquire the soft people expertise and patience to deal in conjunction with those throughout their

The real estate division was estimated to have a fair value of $13,890,000. This was determined by totaling the number of lots expected to sell within the next four years and multiplying it by the price per lot of $180,000. After determining total lot sales, a 20% discount rate was applied as suggested by current market conditions. Given the unique nature of the real estate development, it is not believed that there are any comparable developments to find a market multiple.

Roberta F. Salzman and Erwin Bachrach decided to build a home together after being in a relationship for several years. Erwin sold his condominium and received about $100,000 from the sale. Together they purchased a residential lot for $49,000. Each person contributed 50 percent for the land. Erwin Bachrach was a designer and drafter of residential properties for fifty years. Bachrach designed the couple 's new home. To the home he contributed 167,528.86 dollars. Roberta Salzman contributed 353,347.64 dollars to the purchase of the home (Colorado Supreme Court, 2000).

However, through this passive ownership, these members of the family did not have any decision right over the company and therefore felt devalued. In addition, these passive owners discovered later on that the leaders of the Pritzker group were paid extraordinarily high salaries. In short, this led to rivalries and jealousies within this generation that eventually got to the legal level. In fact, one of these passive owners of the family company was Liesel Pritzker Simmons, daughter of Robert Pritzker and niece of Jay Pritzker. As her cousins established a plan to divide the family’s fortune, her brother Matthew Pritzker and her were left out of this division. Consequently, she sued her father and her family in order to “to know what happened” (Liesel Pritzker in Forbes) (Carlyle, 2013). Both she and her brother then received half a billion dollars each for compensation. However, in the cases of family issues offering money is not always a solution. Pritzker Simmons did not intend to receive any material good, she just wanted her cousins to justify their decision to leave her and her brother out of the family fortune sharing plan. This lawsuit has strongly marked the company and family’s history.

Luke has been asked to work on a project that involves developing land recently bought by ABC to build an adult entertainment retail store. According to the plan, Luke’s brother, Owen, whom he is very close to, lives in the neighborhood that the adult entertainment retail store plan will be built. Luke knows that as soon as the plans for the store become public, the property value of the homes in Owen’s neighborhood are expected to decrease significantly. Luke is concerned about his confidentiality obligations to the company. Owen has openly expressed to Luke that he has thought about putting his home on the market for sale; this is concerning for Luke. He knows that Owen has received and acceptable offer for his home already, but wonders if the market for real estate in the area will increase in the next few years.

2. The minute the property hit the market calls started flooding in. Richard's natural response was "I am unavailable to show that property" or "It's inaccessible now." Why? Because he already knew I wanted to buy it so he was blocking other interested parties from gaining access to the deal. To date, since being listed, my partner has

ABC Company has recently purchased land to build an adult entertainment store. Luke, an employee of ABC, has been asked to work on the developing project of the adult entertainment store. Luke is aware that his brother, Owen, lives in the same neighborhood where the store is to be built and that Owen has received a decent offer to sell his house. If Owen chooses not sell his house, the opening of the adult entertainment store will cause the property values of the surrounding homes to decrease, therefore, causing Owen to possibly lose the opportunity to sell his house at the best price.