Transfer-On-Death Deeds are beginning to replace Life Estate Deeds in many states, including Texas and California. Here are a few guidelines to help keep these parties straight: There may be more than one grantor if there is more than one owner. For example, if a husband and wife own ...
you should draft a prenup that protects the assets you want to hand over to them when you pass. If you plan to have children with your new spouse and already have children from another marriage, a prenup can outline who gets what. ...
In Texas, how a person’s name can be removed from a real estate deed depends on the reason for the removal. If the person to be removedhas diedand that person had a will, the will should be filed for probate within four years after the person died. The executor named in the will,...
When It Comes to Your Adult Children, What is Normal? Some estimate that 96% of American Families are dysfunctional in some way – making it the norm. But “normal” is not necessarily healthy, and it certainly falls short of the abundant life we’ve been promised. Women are held responsi...
Another option is thelimited power of attorney, which authorizes your agent to perform only specified actions and nothing else. This power is useful if, for example, you are going to be out of the country during the closing of a real estate purchase and need someone to sign the closing doc...
A Step-by-Step Process for Dividing Real Estate After Divorce If you are going through (or went through) a divorce, you must create a new deed to remove the ex-spouse from title to your house. Here are five steps to remove an ex-spouse from a property deed: ...
average people can enjoy the wonderful rewards that the world of real estate has to offer, it doesn't matter if you're buying, selling or investing. Would it seem too bold of a statement to say that the 3-5 minutes you spend on this page was responsible for a Life Changing experience...
s office. File all of the necessary paperwork, pay the required fees, and, once the LLC is registered, request a certificate of good standing for your business. These certificates are often required for LLCs that buy and sell real estate; check with your state to confirm if you need one...
What Is a Deed of Release? A deed of release is a legal document that removes a previous claim on an asset. It provides documentation of release from a binding agreement. A deed of release might be included when a lender transfers the title ofreal estateto the homeowner upon satisfaction ...
Most real estate agents make money through commissions based on a percentage of a property's selling price. (Commissions can also be flat fees, but that is much less common.) Agents work under real estate brokers, and the commissions are paid directly to the brokers. Given events in 2024, ...