Tag: Real Estate Planning
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Understanding Life Estate Deeds: Benefits and Drawbacks
It’s possible to deed your property into a co-ownership with the person who will receive your home after your life. Perhaps you plan to leave your house to an adult child, or even a friend. A life estate deed is one option. It keeps you in your home for life. After your life, your home bypasses probate,…
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Should I Agree to Put My Partner/Fiancé on the House Deed?
Maybe you’re buying a new home. A home for you and your significant other to live in. Or maybe you already hold a deed, and are thinking of quitclaiming it from your name into both names: you, and your unmarried partner. Perhaps your partner is paying a percentage of the housing costs, and would like…
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Using a Quitclaim Deed: Top 5 Reasons
Are you considering using a quitclaim deed? It’s a fast, simple, and reasonable way to transfer home ownership. It’s a good choice in certain situations. What are those certain situations? In contrast to warranty deeds, which are most often used in regular home sales, a quitclaim would more likely be used: Quitclaiming is a simple,…
