What Is a Quitclaim Deed?

What Is a Quitclaim Deed?

Gabriel Katzner - June 6, 2024 - Real Estate

A quitclaim deed is a legal document used to transfer interest in a property from the grantor to the grantee. It does not guarantee that the grantor has a legal interest or right to the property. A quitclaim deed is a way to transfer property ownership quickly and easily, but it has limitations. Ian and […]

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Can A Jointly Owned Property Be Sold By One Owner?

Can A Jointly Owned Property Be Sold By One Owner?

Gabriel Katzner - June 5, 2024 - Real Estate

Michael and Jill own a home appraised at $3 million. The home has been in their family for generations. The couple plans to leave the home to their four children when they die. All four children will be tenants in common, and they each will inherit 25% of the interest in the family home. They […]

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Guide to Inheriting a House with Siblings

Guide to Inheriting a House with Siblings

Gabriel Katzner - May 31, 2024 - Real Estate

Inheritance can be complicated, especially if multiple people inherit the same asset and a legal will does not contain explicit instructions for how the property should be managed or divided. Mike has three daughters; one is married and has two children. His other two daughters still live in the family home. Imagine the disagreements that […]

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Should I Put My House in a Trust in New York?

Should I Put My House in a Trust in New York?

Gabriel Katzner - April 26, 2024 - Real Estate

Putting a house in a trust offers several advantages. As one of the most valuable assets in your estate, it is essential to know about any potential tax and creditor protections you are eligible to receive if you put your house in a trust. If you own a home in New York, it is important […]

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House with a For Sale sign in the front

REAL ESTATE DEEDS USED WHEN FUNDING YOUR TRUST

Gabriel Katzner - July 19, 2022 - Trust Administration

When using trusts in your estate plan, it is essential to fund the trust. Transferring your real estate from personal ownership to the Trust is essential to avoid the expensive and time-consuming probate process. To retitle your real estate in the trust’s name involves recording a deed with the local recording authority. Retitling your real […]

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Selling Real Estate After a Death: What You Need to Know

Selling a House After Death: What You Need to Know

Gabriel Katzner - July 9, 2021 - Wills

Handling the final affairs for a loved one can be overwhelming, especially after an unexpected death. Selling your loved ones real estate may be one of those tasks. Seeking the help of a real estate agent is essential, but before you make that call consider some of the key issues you may come across. Determining […]

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PASS REAL ESTATE ON TO YOUR LOVED ONES

HOW TO PASS REAL ESTATE ON TO YOUR LOVED ONES

Gabriel Katzner - June 7, 2021 - Real Estate

Many people own real estate in the form of homes, businesses, or investments. In addition, to being a great investment, real estate can double as a personal residence. Investments can be rental, recreational, commercial, or farm properties. How you legally own your real estate has important legal implications on how you can pass real estate […]

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estate planning is hard after the death of a loved one

AFTER THE DEATH OF A LOVED ONE: REVIEW YOUR PROPERTY AND ACCOUNTS

Gabriel Katzner - April 12, 2021 - Estate Planning

As each new year rolls around, you might have traditions and tasks that you take care of to make the upcoming year easier and more productive for your family. Estate planning for your accounts and properties and their ownership should be included in these yearly plans, especially after the death of a loved one. How […]

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Joint Tenancy

JOINT TENANCY: FIVE ATYPICAL SITUATIONS

Gabriel Katzner - March 22, 2021 - Estate Planning

Mark and Jennifer own a four-bedroom home in a suburb of Chicago. They have three young children and have been married for ten years. Mark is a stay-at-home father who has a small online freelance business. Jennifer is the VP of a major insurance company. They own the property under joint tenancy with rights of […]

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