Real Estate Deeds Made Easy Since 1997
Millions of U.S. households have multiple adult generations. How do they divide up the worth of their home and the upkeep that goes into it? Who pays the mortgage, insurance, and property taxes? What happens if an owner leaves the home, or passes away?
A lot comes down to good deed planning.
In this discussion of vesting a multigenerational home, we check out the intersections of people’s lives and deeds.
Continue reading “Multigenerational Homeownership: How the Deed Is Vested”
Removing someone from a deed—is it possible? The short answer: No.
It is a misconception that someone can be “removed” from the deed.
Nor can a co-owner simply take away another party’s interest in a property by executing a new deed without that other party.
In short, no one can be passively removed from a title.
Even if an owner “added” someone else to the real estate deed previously, the first owner cannot reconsider and take the second person off the deed.
Why?
Continue reading “Removing Someone from a Real Estate Deed”