Transferring real property to a revocable trust offers several compelling benefits that can simplify estate planning, provide privacy, and offer flexibility for property owners. Here are some reasons to consider a Deed transfer to a revocable trust. Avoiding Probate: One of the primary advantages of placing real property in a Read more…
In Montgomery County, Maryland, a limited common element (LCE) refers to a portion of the common elements in a condominium that is allocated for the exclusive use of one or more, but fewer than all, of the condominium units. Examples of LCEs include parking spaces or storage units. Conveying a Read more…
When transferring property ownership, the type of deed used can significantly impact the level of protection afforded to the buyer. Two common types are the general warranty deed and the special warranty deed. Understanding their differences is crucial for both buyers and sellers. General Warranty Deed A general warranty deed Read more…
Adding an adult child to a real property deed is a significant decision with both advantages and disadvantages. Understanding these pros and cons of preparing a deed adding a child is crucial for making an informed choice that aligns with your financial and familial goals. Pros Avoiding Probate: One of Read more…
Getting married is a significant life event that often brings about various legal and financial considerations. One crucial aspect that newlyweds should not overlook is revising the deed to any real property they own. Below are some reasons for updating a deed after marriage. Ensuring Legal Co-Ownership When both names Read more…
Delays in transferring a deed from an estate to the heirs can result in legal complications. Here are some reasons to promptly prepare a deed transfer from an estate. Avoid Legal Complications Delays in transferring a deed from an estate to the heirs can result in legal complications. The longer Read more…
Adding someone to your real property deed is a significant decision with long-term implications. We often get asked, “do deed transfers need a title search?” Here are some reasons to consider getting a title search: Identifying Existing Liens and Encumbrances: A title search reveals any existing liens or encumbrances on Read more…
When it comes to transferring the ownership of property, the process of deed transfer can seem deceptively simple. However, the complexities involved in this legal transaction can lead to significant issues if not handled correctly. Hiring an experienced attorney for your deed transfer can provide numerous benefits, ensuring that the Read more…
Adding a spouse to your real property deed can offer numerous advantages, providing legal, financial, and emotional benefits. Here are some key reasons to consider a deed adding a spouse. Legal Protection and Rights When a spouse is added to the deed, both parties gain equal ownership rights. This ensures Read more…
Adding or removing a person from the deed to your real property is a significant decision that requires careful consideration of several factors. Whether you’re adding a family member, partner, or business associate, or removing someone due to a sale, divorce, or other circumstances, here are some deed transfer considerations: Read more…