Case Scenario: Mr. and Mrs. Brown
Mr. and Mrs. Brown have come to you for advice regarding their estate. They have a question, which is listed below. They would like your advice regarding estate planning, including a will and/or a trust. Prepare an answer to Mr. and Mrs. Brown’s question below. Be as detailed as possible and use documented research to support your answer.
The Browns are buying an apartment building. They know nothing about landlord-tenant relationships. Advise them on what they need to know by evaluating the duties, responsibilities, and liabilities of landlords and tenants. Also, explain what type of insurance they need.