Understanding Legal Terminology of Deeds

Understanding Legal Terminology of Deeds

A key reason DIY deeds fail is a misunderstanding of how various legal terms dictate property ownership. Simply adding a name to a deed is insufficient; the vesting (the legal status of the title) determines whether probate is avoided. There are different forms of...
What is a life estate and how does it work?

What is a life estate and how does it work?

Life Estates A life estate deed transfers ownership of your real property to a beneficiary upon your death but allows you to retain the right to live in and use the property for the rest of your life. In most states, you also retain your homestead exemption for as...
Do I Need a Will or a Trust?

Do I Need a Will or a Trust?

Yes, everyone needs a will, a trust, or both. These important tools ensure that your legacy will be carried out according to your wishes and allow you to provide for loved ones after your passing. A properly prepared trust can also help avoid probate, which is a...