A Quitclaim? No problem. It’s Common Practice Here —
and Safeguarding Your Title Is Straightforward.
Three major Massachusetts real estate deeds are commonly
used: the quitclaim deed, the warranty deed, and the release deed. In contrast
to most other places, Massachusetts home buyers receive their property through quitclaim
deeds. So, we need to delve into the use of the quitclaim deed in
Continue reading “Buying Property with a Quitclaim Deed in Massachusetts”
What happens to your property after you
die? Most likely, your assets will be subject to probate, the legal process of
settling an estate and distributing any remaining property to those entitled to
receive it. All assets that do not pass directly through a survivorship
interest, beneficiary designation, or trust are subject to probate.
Continue reading “Massachusetts Probate: Estate Administration Deeds”
A trust is a legally binding
arrangement whereby a settlor transfers title to another person, the trustee,
for the benefit of a third, the beneficiary. Trusts in Massachusetts are governed
by the Massachusetts Uniform Trust Code, codified at G.L.c. 203E.
Continue reading “Understanding Massachusetts Trusts, Trustee’s Deeds, and Trustee Certificates”
The Torrens Act (Registered Land) is named after Sir Robert Torrens, an Australian customs administrator who established a system of recording ownership of ships in the 1850s. This system eventually spread to English speaking countries. Under the Registered Lands system, the owner’s certificate of title defeats any competing claims on the property that were not declared at the initial proceedings.
Continue reading “Understanding the Difference Between Recorded Land and Registered Land in Massachusetts”