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A transfer-on-death account is an arrangement that allows the assets held within a brokerage account or bank account to ... real estate can have the designation via a transfer-on-death deed, and ...
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Louisiana, applying civil law, has a similar default provision in intestate successions called a usufruct, which is only over community property and ends with the earlier of death or remarriage. Some American states allow for an enhanced life estate deed, in which the grantor retains the ability to transfer to property to a third party without ...
Race statutes are extremely rare because it is generally viewed as unfair to protect a party who had actual notice of a prior conveyance. Currently, Delaware, North Carolina, and Louisiana are the only jurisdictions where a race statute is in effect. The benefit of a pure race statute is that it encourages all grantees to record their interest ...
The risk of loss is then transferred to the buyer – if a house on the property burns down after the contract has been signed, but before the deed is conveyed, the buyer will nevertheless have to pay the agreed-upon purchase price for the land unless the seller in possession or deemed in possession has failed to protect it. Such issues can and ...
The term "death tax" more directly refers back to the original use of "death duties" to address the fact that death itself triggers the tax or the transfer of assets on which the tax is assessed. While the use of terms like "death duty" had been known earlier, specifically calling estate tax the "death tax" was a move that entered mainstream ...
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For premium support please call: 800-290-4726 more ways to reach us