A Trust does not transfer to a Beneficiary upon the death of the Grantor. Instead, the property or assets of the Trust transfer to the Beneficiary.
What Happens to a Land Contract When the Buyer Dies Without a Will?
State law prevails in a situation when the Buyer in a Land Contract dies before the completion of that contract and has not made a Last Will and Testament.
Does Standard Legal Offer a Springing Power of Attorney Document?
Standard Legal does not offer a “springing” Power of Attorney document. We made this decision with clear intent, because we believe there are too many variables that go into the making of an effective springing Power of Attorney. Additionally, there are many different decisions that must be made by the user to keep it a viable option for the majority of users.
Can I File Bankruptcy on my Business?
While individuals can file both Chapter 13 and chapter 7 cases for themselves, there are limitations in filing a bankruptcy case on behalf of a business.
Should a Durable Power of Attorney be in Effect Only at Incapacitation?
Standard Legal’s Durable Power of Attorney document is effective regardless of the current physical or mental condition of the Principal. Here’s why.
What are the Fees to Create a Gun Trust?
There are no local, county or state filing fees required to create a Gun Trust. But a “Tax Stamp” must be paid to the ATF for submitting an application to transfer a regulated weapon.
Deciding Between Land Contract vs Lease-to-Own Contract
Is it better for a buyer or seller to purchase a property under a Land Contract or a Lease-to-Own Contract?
Is a Land Contract Still Valid if One of the Two Sellers Dies?
Depending on the way that the two Sellers held title to the property, and depending on the laws of the state where the property is located, the contract to sell the property should still be enforceable by the Buyer.
Can a California Notary Also Act as a Witness?
In California, a Notary is not prohibited from acting as a witness on a legal document.
Survivorship vs Transfer-on-Death Deeds?
The timing of the ownership interests in a piece of real estate property are very much different when comparing a Survivorship Deed to a Transfer on Death Deed.