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Should I Put My Children on the Deed to My House?

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Many people think that putting their child’s name on the deed to their home is an easy fix to avoid probate. Sure, it will keep the home out of probate, but it opens up a number of other issues. These are some of the biggest concerns: 1. Issues with Creditors When you add your child to the deed, they will have immediate ownership rights in the property. This means that your child’s … [Read more...] about Should I Put My Children on the Deed to My House?

Considerations Before Changing Your Deed

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"Considerations Before Changing Your Deed" by Attorney Alexander Pagnotta (Audio) Have you thought about changing your deed to include a child as a co-owner? How about adding your spouse to the deed? If so, then there are a few things to consider before signing on the dotted line and going to the local courthouse to file your deed. While doing a new deed may not seem like an arduous task, it is … [Read more...] about Considerations Before Changing Your Deed

5 Reasons Not to Add Child to Your Deed

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"5 Reasons Not to Add Child to Your Deed" by Attorney Laura Curry (Audio) For many of us, our home is one of the most significant assets in our estate and we want to make sure it passes to our loved ones with ease and at the least expense. As an estate planning attorney, I am often asked if putting a child’s name on the deed to your home is a good idea. Most people think it’s a simple and … [Read more...] about 5 Reasons Not to Add Child to Your Deed

Why Is It Important To Have A Properly Recorded Deed?

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  Why is it important to have a properly recorded deed?  Once you sign your deed, your property is considered transferred from the seller to the buyer.  However, in order for you to be covered to protect yourself from future claims on the title, you should record the deed.  At Sinclair Prosser Gasior, we often prepare revocable living trusts for estate planning purposes.  We prepare a new deed for … [Read more...] about Why Is It Important To Have A Properly Recorded Deed?

Free Estate Planning Seminars Next Week! Register now!

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  The estate planning seminars establishes the necessary components of an effective estate plan. The seminar is presented in a case study format profiling the life of Bill and Mary Jones. Several scenarios are used to relay the impact of estate planning issues relating to probate, disability due to incompetence, protection of government benefits for special needs loved ones, second marriages, … [Read more...] about Free Estate Planning Seminars Next Week! Register now!

A Life Estate Deed Can Be an Important Tool in Medicaid Planning

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  A particular type of Life Estate Deed can be an important tool in estate planning and Medicaid eligibility.  The titling of property is a large component of your estate planning which should be discussed when meeting with an attorney.  Often, your primary home is the first to be examined. How do you currently hold title to your house? There are a number of different ways to hold title to your … [Read more...] about A Life Estate Deed Can Be an Important Tool in Medicaid Planning

A Life Estate Deed Can Be an Important Tool in Medicaid Planning (Audio)

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  "A Life Estate Deed Can Be an Important Tool in Medicaid Planning" by Attorney Jon J. Gasior … [Read more...] about A Life Estate Deed Can Be an Important Tool in Medicaid Planning (Audio)

Property Transfer in Estate Planning

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  One of the steps in setting up an effective estate plan involves the review of your assets.  This may include changing the way they are titled in order to avoid probate or to control the distribution to heirs.   Often, the most valuable asset owned is real estate.  In order to change title to real estate, a deed is prepared and recorded among the Land Records in the county where the property is … [Read more...] about Property Transfer in Estate Planning