Life Estate I often get asked about life estates – what is a Life Estate, how does it work, how can it be terminated. Below is detailed information answering most of those questions. Please do not hesitate to contact me should you have questions or if you need assistance. …
Deceased Seller One of the first things is to determine if there is an open probate. If a probate has been opened, the commitment will contain a paragraph stating who was appointed as the personal representative. This paragraph will also state if the estate has been granted non-intervention powers to …
We see a large number of properties that are vested in trusts simply because we experienced an increase in the number of properties purchased by trusts 10-15 years ago. A number of unique challenges are present for both sellers and purchasers when a trust is involved. The first thing to …
2017 Property Taxes The 2017 general county property taxes become a lien on real property the moment that the new year begins even though the new tax amounts are not made available to the public until they have been certified by the assessor and the treasurer in mid-February. Don’t be …
A Transfer on Death Deed is a new method in Washington for leaving your real estate to a beneficiary without going through the probate process. Effective June 12, 2014 The Washington legislature created a new way for people to transfer real property to a designated beneficiary at the time of …
The Commitment should ALWAYS be reviewed in its entirety. A quick scan could cause you to miss important information that could delay the close of escrow. In most cases, when liens or clouds on title are discovered early in the process the Title Officer can work with the parties …
