When a person passes away and leaves real property, a house, to more than one beneficiary, it sometimes leads to a discussion about whether or not one of the beneficiaries can purchase or buy out the other beneficiaries? The answer is it depends. First an appraisal...
Today more young adults are living at home with their parents than at any time since the 1940s. While there are many different opinions about this trend and the cause of its recent prevalence, the primary motivation for young adults staying at home with their parents...
Your mortgage, like the rest of your debt, does not simply disappear when you die. If you leave your home that has an outstanding loan to a beneficiary in your will or trust, your beneficiary will inherit not only the property but also the outstanding debt. They may...
Joint Tenants with Rights of Survivorship Real estate jointly owned by two or more parties, the share of each passing to the other owner(s) upon the death of an owner. Tenants in Common Real estate with shared ownership with each owner owning a share. Upon...