Whether this is your first home or you're upgrading or downsizing, purchasing a home is a big event in life. When major life events occur, it is important to update many different entities and documents.
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Deeds
Jordan Hollins, Estate Planning Paralegal
TOD vs Quitclaim vs General Warranty Deeds in Ohio
Understanding the differences between Transfer on Death deeds, Quitclaim deeds, and General Warranty deeds is crucial for homeowners, especially when it comes to estate planning.
Gregory S. DuPont
Transfer on Death vs. Payable on Death
Many families choose to include a payable-on-death (POD) or transfer-on-death (TOD) designation in their estate plan. Both these designations allow the assets in the account to pass to a chosen beneficiary when the original owner dies. POD and TOD accounts have many benefits.
Gregory S. DuPont
What Happens if a Deed Goes Unrecorded?
Not recording a deed can cause problems for the grantee. They may be unable to obtain a mortgage, insure the property, or sell it. Even more problematic, an unrecorded deed may make it possible for the grantor to sell the property to two different buyers. If the original buyer failed to record the deed, the property could be sold out from under them.