Monthly Archives: December 2018
They’re not just used to avoid probate
Revocable living trusts are legal entities that allow an individual (known as the “grantor”) to create an agreement that names one or more persons and/or a company (typically a bank or trust firm) as a trustee of finances and assets. This is typically done to ensure that a loyal trustee will be on hand to fulfill the grantor’s wishes, sometimes from one generation to the next.
From unpaid taxes to unsatisfied mortgages, many factors can hamper a deal
Real estate closings can sometimes have a “cloud” hanging over them. Those clouds are legal parlance for outstanding defects in the title which are unsettled – and they are bad news for the current seller and buyer, since the real estate deal can’t be closed until the outstanding matter is resolved. Today we’re examining some of those major defects and how to resolve them.
Even young adults need an estate plan
Turning 18 is a big step for both the young adult and their parents. No longer a minor in the eyes of the government, certain privacy and independence laws now apply to them. You may think they’re still too young to worry about estate planning but think again.