In most states, mobile homes are “titled” like vehicles and are not considered real property (where ownership is evidenced by a deed, like land or a permanent home).
Do I Need Homeowner’s Insurance if I Sell My House Via Land Contract?
Selling a house via Land Contract or Contract for Deed allows the seller to finance the purchase price on behalf of the buyer. The seller maintains a financial interest in the home until the buyer pays off the Land Contract fully.
The question of insurance comes into play when the property detailed in the land contract is under mortgage with the seller, and not owned outright by the seller.
Does Standard Legal’s Bankruptcy Software Make Adjustments When Only One Spouse is Filing?
Standard Legal’s Bankruptcy forms software requires the filer to make decisions regarding the inputs on any form. The legal forms software doesn’t “adjust” any decision-making required; a filing with the Court requires the user to decide who is filing and create inputs accordingly.
However, complete instructions and overviews on these types of requirements and decisions are included in the package.
If I Am a Member in an LLC That Owes Unpaid Taxes, Am I Personally Responsible?
The taxing authority for the Limited Liability Company (LLC) has the ability to determine who is responsible for making the tax payments or authorizing tax payments for the LLC — these individuals are referred to as the “responsible persons”.
The “responsible persons” indeed may be personally obligated to pay the LLC’s tax obligations. But not always.
Can an LLC Own Shares in a Corporation, or Vice Versa?
Standard Legal is unaware of any restriction on ownership of shares of a Class C Corporation by an LLC.
In fact, it is fairly common for a Limited Liability Company to be the owner of stock in a corporation.
How Should a Quitclaim Deed be Written When a Person’s Name Changes?
People change their names for personal reasons, for a return to a maiden name after a divorce, or at the time of a new marriage. Many times, a deed for real estate may show a prior name for a person who holds a stake in a particular property. When transferring property using a Quitclaim Deed … Read more
How Long Can a Last Will Be Contested?
A ‘will contest’ is the process by which someone, usually a family member of the person who died or a beneficiary listed in a Will, challenges the validity of a Will.
Generally, the legal grounds for such a ‘will contest’ include claims that the Will document was improperly signed, the testator (the person making the Will) was incompetent or lacked the proper testamentary capacity (e.g., he or she did not understand what he or she was doing), that the Will document contains a serious mistake, or that the signing of the Will document was the result of fraud, undue influence, or duress.
There is a time limit for filing a ‘will contest,’ and that the time frames vary from state to state.
Can I List My Child Care and Custody Wishes in a Last Will and Testament?
Standard Legal’s Last Will and Testament legal forms software provides for a suggestion of guardianship for children. While Probate or Family Courts make the final decisions regarding guardianship of minor children when the death of a parent occurs, wishes expressed in a Last Will & Testament carry great weight with these courts and are usually … Read more
How Do I Obtain a Judgment Against a Defaulted Promissory Note?
There is no simple form a person can file to obtain a judgment against a promissory note in which a party has defaulted. Obtaining a judgment is not “automatic”; a judgment is a court proceeding that allows the defaulting party to reply and to defend himself.
Is a Notary Required When Creating a Power of Attorney Document?
Standard Legal recommends that any Power of Attorney be notarized and witnessed. Many states require notarization of this document, and doing so (even in those states that may not require a notary signature) makes the document “self proving” – meaning that the witnesses would not be required to provide testimony in court to authentic the … Read more