There are no ‘standard’ references to specific assets required within a Last Will and Testament.
If My Ex-Spouse Files Bankruptcy, Do I Lose the House Still Deeded in Both of our Names?
A spouse’s bankruptcy filing does not transfer ownership of any property also held by any non-debtor co-owner. So any action by the Bankruptcy Court will not affect a the share held by a spouse.
Can I Transfer the Deed on an Investment Property in Default to an Unresponsive Mortgage Holder?
A deed can certainly be prepared and filed with the proper county government agency, transferring property from one person to another (or to a business entity).
But it is not typical for a piece of real estate property to be transferred to a grantee (in this case, the mortgage holder of the property who has not foreclosed and won’t return the investor’s phone calls) without that person or entity’s consent.
Can Our Landlord Force Us to Leave Before the End of the Rental Term?
You must carefully read the details of your Lease Agreement, as that document will spell out the rights and responsibilities of both the Landlord and the Tenant.
Am I Responsible for an LLC I Filed with a Partner But Will Not Be Involved In?
An organizer is a person who signs the articles or organization that are filed to form an LLC. The organizer can be — but is not required to be — a member (i.e. owner) or manager of the LLC. By signing the articles, the organizer is not indicating any ownership or management in the LLC, … Read more
Can a Will Be Written in Hand Instead of Typed and Still Be Valid?
The format of the writing (in hand vs. typed or computer generated) is irrelevant. The CONTENT of the writing is paramount. To that end, see Standard Legal’s Last Will and Testament legal forms software page to ensure the CONTENT that is required is provided.
If the Seller of a Land Contract Home Loses the Property in Foreclosure, What Recourse Do I Have as the Land Contract Buyer?
There is indeed a risk to a Land Contract buyer if the Land Contract seller has a mortgage on the property being contracted. Buyers need to protect themselves during the purchase negotiations.
What Can I Do If I Can’t Find the One and Only Copy of a Living Trust Document I Created Several Years Ago?
Documents for a previously created Trust that cannot be located can be re-created (replicating the exact same setup and ownership structures) using new document templates.
Can My Sister Who is Trustee of My Father’s Estate Decide Alone How Assets are Distributed?
The terms of the Trust document as executed by the Donor (the father) will control the issue of retention vs. sale and distribution of any asset contained within the Trust.
If a Processed Will Mentions a Memorandum that is Not Attached, is the Will Valid?
If a Last Will and Testament mentions a memorandum, the memorandum most likely should have been attached to the finalized, processed document.
Whether or not that Will is legal and valid depends on upon the situation and the document.