known as the escrow agent. Depending on where the home is located, the escrow agent can be a participating broker, atitle company, an escrow company, or a real estate attorney.
When you close on a mortgage, your lender may set up a mortgageescrow accountwhere part of your monthly loan payment is deposited to cover some of the costs associated with home ownership. The costs may include but are not limited to real estate taxes, insurance premiums and private mortgage...
An estate is a person's assets, including all of their money, physical property, and intellectual property. When a person dies...
the word “estate” on a wine label, the producer is providing an important clue about how the wine was made. Unlike wine label designations that have no legal meaning, such as “old vine” or “reserve,” the federal government has specific legal requirements for using the term “estate....
When comparing online savings accounts, a high interest rate is an important consideration, but not your only one. "You want to make sure the other features and terms of the account work for you, too," says Sonia Fraher, senior director of product management at Ally Bank. "Compare things ...
Trusts allocate assets to a beneficiary. An in-trust account, or an ITF, is an informal option that does not require a legal deed of trust.
An estate sale is a quick way to make some money by offloading a loved one’s possessions. However, if the sale isn’t done properly, it can cause undue stress and financial complications. Understand what an estate sale is and how the process works.What
What is an Asset? Most people tend to form a picture of something specific in their head when they hear the word “asset.” It might be a stack of cash or a luxury vehicle, or even a piece of real estate. These answers are all true-to-meaning. An asset is an entity’s property ...
An immediate annuity is not an "account" which can be surrendered. In fact, an insurance company is not obligated to cash out an immediate annuity, not even if you request it. So a nursing home won't be able to obtain it's underlying values. What typically happens in your situation is...
The wordestateis colloquially used to refer to all of theland and improvementson a vast property, often some farm or homestead or the historic home of a prominent family. However, in the financial and legal sense of the term, an estate refers to everything of value that an individual owns...