Yes, an original Will document that is properly signed and notarized would still be legal and valid — but would probably not properly provide for the gifts that you would list to pass upon your death.
If They Die, What Happens to My Land Contract Home Sold to Me By My Parents?
Many people purchase a home through a Land Contract from their parents. But the sale of a home to one child via land contract should also include some good estate planning via a Will or Trust — especially if there are other siblings involved.
Can Past Creditors Seize a Home I Purchase Via Land Contract?
Most land contracts allow the current owner to retain title to the property until such time as the purchase price in the contract has been fully paid. As such, creditors most likely will not have a right to pursue a home purchased under a Land Contract, as the “buyer” in a land contract is not the titled owner until all payments are made.
Which Chapter 7 Schedule Should Be Used to List Delinquent Property Taxes?
The schedule used for delinquent real estate property taxes due to a city or county depends upon the status of the property.
In the Creditor Matrix, Do I List the Debtor or its Collection Agent?
Standard Legal suggest that it is best to provide “more information” vs. “not enough information” on the Chapter 7 Bankruptcy schedules.
What Document Should My Parents Use to Transfer Property to Me from a Trust?
Any of Standard Legal’s Quitclaim Deeds will accomplish the transfer of real estate property from a Trust to an individual.
How Do I Remove Myself as a Listed Beneficiary from a Person’s Will?
Under most state’s laws, a party is permitted to “disclaim” any interest or assets that are attempted to be passed through a Last Will & Testament. When one disclaims property that is being passed through a Will, he or she is renouncing his or her interest in that property in total.
Is a Signed and Witnessed Last Will and Testament Still Valid if the Document is not Dated?
For the most part, a Last Will & Testament would not necessarily be rendered invalid if there was no date on the document.
Can the Heirs of a Living Trust Force the Trustee to Make Changes?
If the heirs of a Trust believe that the Trustee is not fulfilling his or her duty as trustee, they can initiate a lawsuit in the appropriate court to compel or require that the trustee fulfill that fiduciary duty.
How Do I List Two Mortgages on One Property within a Bankruptcy Filing?
Within Form B8 of the Bankruptcy filing, in the ‘describe property securing debt’ field, list one creditor under property #1 and the second creditor under property #2.