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- 1.Virginia Wills, Trusts & Estates - Wills Trusts & Estates in ...
- Virginia Wills, Trusts & Estates - Wills Trusts & Estates in Charlottesville and Albemarle ... Fees and Billing. FAQs & Tutorials. Contact Us. Home. 2008 ...
- http://www.vawills.com/
- 2.Will, Wills, Lawyer, Attorney, Law - FindLaw
- Find Will, Wills, Lawyer, Attorney, Law - FindLaw legal information and ... Understanding Intestacy: If You Die Without an Estate Plan. See also: Living Wills ...
- http://estate.findlaw.com/esta
te-planning/wills/
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What is the difference between I also see that there is
software you can buy to make
your own will or estate trust.
Is this advisable or should
you have it done by an
attorney?
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A will distributes estate assets only after death. A trust designates distribution of assets prior to death, and puts the assets into Trust to be managed by a Trustee until the death of the Grantor/Settlor. The grantor no longer owns the trust property, the Trust does, but he/she can designate use of the assets until he/she dies. A trust protects the property from someone trying to sue or garnish the Grantor's property because he/she does not own it in title - the Trust owns it; it is no longer in his/her name. Most trusts allow the Grantor the beneficial use of assets until he/she dies like use of the house, vehicles, land, etc. It is protection and designation of beneficiary distribution before the Grantor dies. A trust can be revocable - disolved at the wish of the Grantor and property returned to the Grantor, or Irrevocable - permanent distribution to the Trust for protection or safe keeping and for beneficiaries after death of the Grantor. |
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estate & wills?
how to change a mortgage over
from a deceased person to the
person the house was left to.
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You cannot. The only way it happens is if the loan is "assumable". You need to contact the mortgage company or have the executor contact them and find out if indeed the loan can be assumed. Otherwise the heir will have to finance a mortgage in their name and pay off the decedent's mortgage. |
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is there anyone out there that my two uncles and i inherited
a third each of my
grandmothers estate when she
died. my one uncle and i are
selling my grandmothers home
to my other uncle at below
fair market price for
$455,000. does he get a third
of that money and the home or
does my other uncle and i
split the $455,000 and we just
sign the deed of the house
over to him and he owns the
house with no mortgage? i am
still very confused on how
this is going to work.
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You can do it any way you want. I recommend you sell uncle#1 your 1/3 share and uncle #2 does the same thing. Have it quitclaim deeded to uncle #1. A non-recommended way is to just sell it for like $680K and he takes back his 225K at closing. GET YOU OWN LAWYER! Do not trust either uncles lawyer. |
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