People who create revocable trusts often place real estate owned into the trust. However, if you are not aware of how this may impact existing title insurance, you can create title havoc.
This article, named after an interesting case, describes some of these issues.
Dead Man “Kwoking”: Estate Planning Property Transfers Can Trigger Title Insurance Nightmares http://www.jdsupra.com/legalnews/dead-man-kwoking-estate-planning-prop-83011/
After you read this article, let us know if you have questions. Remember, before you deed property to your trust, ask if there any issues that you should address first.
Bernie Greenberg
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.