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As I am sure you are aware a Transfer on Death Deed transfers ownership of real property to another person or entity after the owner’s death. Transfer on death deeds have become increasingly ...
Co-buying relationships — especially for those seeking a foothold on the property ladder — have been on the rise in recent years. But they do pose problems when things change or someone wants out.
In law, an "heir" (FEM: heiress) is a person who is entitled to receive a share of property from a decedent (a person who died), subject to the rules of inheritance in the jurisdiction where the decedent was a citizen, or where the decedent died or owned property at the time of death.
The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.
The risk of loss is then transferred to the buyer – if a house on the property burns down after the contract has been signed, but before the deed is conveyed, the buyer will nevertheless have to pay the agreed-upon purchase price for the land unless the seller in possession or deemed in possession has failed to protect it. Such issues can and ...
My mother has property that there is two moblie homes on the property, one in her name and the other in my name, her moblie home was put on the ground in 1977, my home was put there in 1995, then in 2004 my dad died thus the property went to my mother, then in 2004 I paid her money for the property and she put my name on the deed along with my ...
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