Please provide answers and discussion on all the following: What are the issues in how we...

Please provide answers and discussion on all the following: What are the issues in how we take title to what we own? Remember that neither title deficiencies or any other mechanical issues such as recorded or not have any influence on how we take title. Explain the concept Right of Survivorship. When would a Life Estate be appropriate? Find out how a husband and wife hold title to property in your state.

Please provide answers and discussion on all the following:

What are the issues in how we take title to what we own? Remember that neither title deficiencies or any other mechanical issues such as recorded or not have any influence on how we take title.

Explain the concept Right of Survivorship.

When would a Life Estate be appropriate?

Find out how a husband and wife hold title to property in your state.

Solutions

Expert Solution

Here are some issues in how we take title to what we own

Errors in public records
Unknown liens
Missing heirs
Forgeries
Survey/Boundary disputes
Unknown encumbrance,easements

Right of Survivorship: It is one of the attributes of joint ownership of a property. When right to survivorship is included in a jointly owned property, the partner who is living will by default get the share of property of the other partner who died. This is common when family members jointly own a property.

Life Estate is useful to avoid probate and to make sure that the heir intended will get title to the property. In addition Life Estate useful for estate planning, planning taxes and to get long term care protection for the property. To get all these advantages, it is appropriate to have a Life Estate.

In our state, husband and wife hold title to property through Joint tenancy and right of survivorship. The property will have a co-ownership of both the husband and the wife.

keosha answered 1 year ago

Next > < Previous

Related Solutions

Please provide answers and discussion on all of the following: List three principle duties of the...

Please provide answers and discussion on all of the following: List three principle duties of the agent to the principal and explain why they are important. How can you have a valid enforceable contract and have it become unenforceable? Remember that an oral contract for sale of real estate is not a valid enforceable contract because your text is specific that such a contract appears to be valid but is not in court! That also means your answer won’t include...

Please provide answers and discussion on all of the following: Which liens get paid first in...

Please provide answers and discussion on all of the following: Which liens get paid first in foreclosure? Why? How do General Liens differ from Specific Liens? Why is the distinction made? Find the real estate tax rate in your county, and show us what the taxes would be on a $100,000 home in your area.

Please provide a discussion of the numerous implications of doing business abroad and how these issues...

Please provide a discussion of the numerous implications of doing business abroad and how these issues impact and organization. Then provide a detailed discussion of how doing business in countries with different currencies can be particularly challenging and how failure to consider currency risk can have significant negative impact on an MNC.

Queuing Theory Please provide short answers to the following questions below: A. How do we minimize...

Queuing Theory Please provide short answers to the following questions below: A. How do we minimize reneging and balking? B. How do we determine acceptable wait time for customers, and what do we offer them (some strategies)? Note :( To find some solutions, it is important to consider the demand (what about it would be useful to understand) C. Why is most system that we examine will have an infinite call population? D. What is the effect of population being...

Please provide a discussion of basic corporate value components and how we go about valuing these...

Please provide a discussion of basic corporate value components and how we go about valuing these various components of value. Discuss the constant growth model and how we utilize WAAC in that valuation technique.

Please provide a discussion of basic corporate value components and how we go about valuing these...

Please provide the answers to the following case study. Be sure to use all your critical...

Please provide the answers to the following case study. Be sure to use all your critical thinking regarding the respiratory system when doing this case study. This is the scenario: Bill McDonald, 65 years of age, is a male patient diagnosed with chronic obstructive pulmonary disease (COPD). He is going to be discharged with home oxygen at 2 L/min per nasal cannula. According to Medicare guidelines, the patient falls into the group 1 patient category, the patient’s O2 saturation on...

Please only provide short answers for the discussion topic and the case study question. No more...

Please only provide short answers for the discussion topic and the case study question. No more than 3 sentence response. Discussion Topic: What are the three major causes of brain damage in childhood? Discussion Topic: Why would you use distraction versus traction? Case Study: Adam is a 6-year-old boy who dove headfirst in the shallow end of a swimming pool. Unable to move, he sank to the bottom of the pool and was rescued by his mother. His father called...

Provide a discussion of the two issues, Adverse Selection and Moral Hazard, and how these two...

Provide a discussion of the two issues, Adverse Selection and Moral Hazard, and how these two behaviors raise the cost within a health care system.

Please provide a discussion of what is meant by Behavioral Finance, how it differs from traditional...

Please provide a discussion of what is meant by Behavioral Finance, how it differs from traditional finance, and give some examples of biases or other psychological frames that may be seen as having an impact on investment decision making.

Subjects