As you’ll see,probate is a pay-now-or-pay-later scenario.You can decide whether you want to take a few steps to avoid probate now, or leave it up to your loved ones to straighten it out in court after your death. If you want to save your loved ones the hassle and expense of p...
The definition of “title” is different from the definition of “deed.” Title is the total set of rights that a person has with respect to ownership and use of a piece of property. Title can be limited by grants of access to the land to individuals such as neighbors. In Oklahoma, ap...
Trust funds typically transfer assets and avoidprobate, determining where assets go after you die. With a trust fund, your beneficiaries and heirs gain access to your trust assets more quickly than if the assets were transferred using a will. This saves time and court fees and potentially reduce...
has definite benefits, from helping to avoid lengthy probate proceedings to ensuring your loved ones are supported even after your death. Creating one yourself can save you on legal bills that you would otherwise spend hiring an estate planning attorney, although there are important challenges that ...
Obtain a copy of the prior deed to the property. Create a new deed to transfer the property as described in the divorce decree. Submit the new deed to the city or county land records for recording. Keep a copy of the recorded deed to show you own the property. ...
Transferring a deed on death can be executed more efficiently in Wisconsin if the decedent left a will. With the presence of a will, a probate attorney and the executor of the will have powers to complete the deed transfer process more efficiently. If you are a named party in the will, ...
and also limits the amount that you are able to obtain as a loan. TheFHAhelps people in need obtain loans that they would normally not be approved for, because theFHAinsures the loan to the lender. The loan can also incorporate all of the closing and legal costs of buying a house, an...
maintain anonymity and keep valuable assets out of probate. They can also provide a number of other estate-planning benefits andprotect assets from judgmentsor liens. This can be especially useful for the very wealthy, celebrities, and large companies who may want to keep development plans under ...
As Americans increasingly use estate planning tools to provide for their favorite charities, the charitable trust is an important instrument that fits uniquely into general trust law. While charitable trusts are similar to private trusts to a great extent, there are also some critical differences betw...
No, you won’t be kicked out of your apartment for failure to obtain a business license, if it were required. Business licensing rules are usually administered at the municipal and/or county level, so you’ll want to contact your city (or town) and the county to check on if a ...