Estate Planning
8 Common Real Property Mistakes to Avoid in Estate Planning
Protect your assets by learning how to avoid common real property mistakes in estate planning from our blog ‘8 Common Real Property Mistakes to Avoid in Estate Planning’.
Deed Transfers
What Are Common Misconceptions About Real Property Transfers?
Explore the truth about real property with our blog ‘What Are Common Misconceptions About Real Property Transfers?’
Deed Transfers
Understanding the Basis for an Estate Deed
When a property is transferred through an estate deed of distribution, determining the correct tax basis is critical for the heirs or beneficiaries. Understanding the basis for an estate deed is essential for calculating any capital gains when the property is eventually sold. Let’s walk through how you determine the Read more
Deed Transfers
Understanding Deed Transfers
What You Need to Know When it comes to property ownership, understanding the process of deed transfers is essential. Whether you’re buying, selling, or gifting real estate, the deed transfer process plays a pivotal role in ensuring a smooth transfer of property ownership. In this guide, we will break down Read more
Deed Transfers
Recording Deeds Electronically in DC
Once a deed has been signed, sealed and delivered, the transfer from the grantor to the grantee takes place. To protect the grantee’s interest in the property, the deed is recorded with the Land Records office. This provides constructive notice that the property has transferred. By recording the deed, another Read more
Deed Transfers
DC Deed transfer FAQs
I was recently married and want to add my new spouse to title, will this be taxed? Whether you were recently married or married fifty years ago, adding or removing a spouse from the title to a property is exempt from Recordation and Transfer taxes. I have a partner and Read more
Deed Transfers
Deed Transfer Considerations
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
Deed Transfers
Deed Transfer to a Revocable Trust
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
Deed Transfers
Updating a Deed after Marriage
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
Deed Transfers
How-to Guide for a Deed Transfer from an Estate
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