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.
Does Standard Legal Have a Declaration of Trust Form?
Standard Legal does not offer a Declaration of Trust (although some Trust Agreements are entitled “Declaration of Trust”). However, we do offer a “Memorandum and Certificate of Trust” to accomplish many of the same goals.
How Do I Designate Property in a Will Should I Outlive My Spouse and Child?
Creating an Addendum to a Last Will & Testament can be used to change asset distribution should a Maker outlive a spouse or children. An Addendum could also be used to name a new Executor who is not a spouse.
When Should an FSBO Deed Be Signed?
Because a Notary is required to change the Deed during a For Sale by Owner sale, the timing of signing can get a bit tricky.
Does Standard Legal Offer A/B Trusts?
Revocable Trusts are tools that allow one to own assets and property in a manner that avoids the necessity of probate upon the death of the trust Grantor(s).
An A/B Trust is an estate planning document that was originally designed to not only provide the probate avoidance benefit, but also to avoid or minimize federal gift and estate tax consequences for a married couple.
However, the use of an A/B trust can be somewhat complex and can limit flexibility of trust asset ownership for a surviving spouse in a marriage.
Is a Truth in Lending Form Required with a Land Contract?
The Truth in Lending Act (TILA) applies to Land Contracts to the same extent that it does to other home-secured loan. But that does not mean a form is always required.
How Do I Remove a Deceased Family Member from a Deed?
If a property’s Deed includes the names of persons who are no longer living, and assuming that there are no rights of survivorship language listed within the current deed, a Probate Estate may need to be opened with the local probate court.
Is a Deed Treated Differently in a Dower Rights State vs. a Community Property State?
Dower Right states and Community Property states do indeed treat Deeds differently. Let’s examine how.
Should a Living Trust Include a Declaration of Intent?
Standard Legal does not include a Declaration of Intent with its Living Trust legal forms software. For good reason.
Downloading Software Files
Some common questions about downloading the software files after making a purchase from Standard Legal.