Exactly what steps can a married couple take to avoid Probate on their real estate property when creating their Last Will and Testament? And does living in a Community Property state affect those steps?
Must All Co-Owners Sign a Land Contract?
When a Buyer is purchasing real estate under a Land Contract from more than one owner, it is important that the legal contract documents contain signatures from all ownership parties to the contract.
Should I Submit Bankruptcy Form B8 with No Entries?
A complete Chapter 7 personal Bankruptcy filing includes Form B8, the “Statement of Intention”.
This form tells the Trustee what your plans are for property and contracts in your name: debts secured by property of the estate; and personal property subject to unexpired leases.
How Do I Re-Open My Bankruptcy Case?
A Bankruptcy Court may close a case when all of the required documents are not filed or properly completed. When such a case is closed, it must be re-opened before new or additional documents can be filed.
So how exactly does a person re-open a closed Bankruptcy case?
Should a Living Trust Be Filed with a County Recorder?
Revocable Living Trusts are not required to be recorded for the document to be valid and effective.
Is a Person’s Bank Account Always Part of Their Trust?
The first consideration as to whether or not a personal bank account is part of that person’s Living Trust: is the bank account expressly named as an account of the Trust.
What’s the Difference Between a Parcel Number and Legal Description for a Deed?
The short answer is one is just numbers (or numbers and a couple of letters), the other is a more descriptive ‘sentence’.
How Do I Add Another Person to My Property’s Deed?
Using a Quitclaim Deed, the property owner looking to add another person to a Deed should be named as both Grantor and Grantee.
Can Standard Legal’s Living Trust Software Be Used to Create a QTIP?
A QTIP Trust is a provision in a Trust, not a type of Trust.
The QTIP provision permits the surviving spouse to receive income from the trust’s assets for life, with the trust’s principal being left to the grantor’s children upon the passing of the spouse.
And yes, Standard Legal’s Living Trust software does contain one structure with the QTIP provision.
Are My Personal Assets Protected if I Form a Single Member LLC?
The creation of a Limited Liability Company (commonly referred to as an LLC) does offer some liability protection to the assets of the sole person who files it.