Yes, either a Quitclaim Deed or a Warranty Deed can be used to transfer the mineral rights held for a piece of property.
If I Made Mortgage Payments on My Parents’ House, Does a Will Still Divide Ownership Equally Among All Siblings?
Providing mortgage payments on a property is not the same as revising the Deed for a property, and it is a Deed that designates ownership.
If a Tenant Has Been Evicted, Can the Lease Demand a Person Not Enter the Property Again?
If a tenant has been evicted legally and has removed (or been given access to remove) all personal property, there is no reason for the tenant to re-enter the property again; to do so is trespassing by the evicted tenant.
How is a Survivorship Deed Changed to the Name of the Survivor After Death of the Owner?
In most states, evidence of the death of a joint owner on a Survivorship Deed (i.e. a certified copy of a death certificate) must be filed with the county records office, along with an affidavit or other sworn statement indicating that the surviving joint owner is the sole survivor and now sole owner of the property.
Can the Executor of a Will with Power of Attorney Distribute Assets Before the Death of the Maker?
A Last Will and Testament does not transfer property or assets until after the death of the maker of that Will.
But a person who is named Attorney-in-Fact by a Power of Attorney document can manage the assets of a Principal, so long as ‘best interest’ is applied.
If I am Divorcing My Spouse, Can I Create a New Will To Exclude That Spouse?
Many states have laws that prevent one spouse from disinheriting another spouse within a Last Will and Testament. As such, it may be wise to wait until the Divorce proceedings are finalized to create a new Last Will and Testament.
Can Business Expenses Paid with Personal Credit Cards Be Discharged in Personal Bankruptcy?
Personal credit card debt incurred to pay business obligations can be discharged as part of a personal Chapter 7 bankruptcy. But the Bankruptcy Trustee would have the right to review the business records of the LLC to determine whether the debtor’s ownership interest in the LLC has value that can be used to pay the debtor’s personal creditors through the bankruptcy case.
What is Required to File an Emergency Bankruptcy Petition?
In most cases, an “emergency” petition can be filed with the clerk of the bankruptcy court (commonly referred to as a “skeleton petition” or “skeleton case”) using a portion of the forms required for the complete filing.
How Do I Know if Distribution of my Family’s Will is to be Per Stirpes or Per Capita?
Typically, the words ‘per stirpes’ or ‘per capita’ are used directly within the language of a well-written Last Will & Testament document.
Can I Create a Holding Company with Standard Legal’s Incorporation or LLC Software?
The term ‘holding company’ is merely a designation for a for-profit entity whose sole or nearly exclusive purpose is to own property.