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For example, when a spouse is to acquire the marital home as part of a divorce settlement, the other spouse may be able to transfer their full interest quickly and inexpensively via a quitclaim deed. [10] A quitclaim deed may also be used to transfer title of a property to a purchaser following a foreclosure auction.
Extradition in the Philippines is regulated by a combination of national laws, including relevant provisions of the Criminal Procedure Code and specific statutes, as well as international agreements. The process begins when a foreign government submits a formal request to extradite a suspect or convicted individual to the Department of Foreign ...
How to Transfer Property Out of a Trust After Death. Transferring property out of a trust is the trustee’s job. Generally, after the trustor passes away, the trustee notifies the trust’s ...
The presumption of advancement is a legal presumption which arises in various common law jurisdictions in relation to the transfers of money or other property. Broadly, the presumption states that where a husband transfers property to his wife, or a father to his child or someone to whom he has assumed parental responsibility, then in the absence of other evidence the court will presume that ...
“When Tom and Jane passed away in 2020, the house was worth $600,000, and Bill inherited the property in trust at that base value — real property gets a stepped-up basis at the owner’s death.
Torrens title is a land registration and land transfer system, in which a state creates and maintains a register of land holdings, which serves as the conclusive evidence (termed "indefeasibility") of title of the person recorded on the register as the proprietor (owner), and of all other interests recorded on the register.
In such cases, if so-and-so "A" claimed that so-and-so "B" wrongfully took possession of his property, but so-and-so "B" retorted, "Yes, it was formerly yours, but you sold it to me," or "Yes, it was formerly yours, but I received it from you as a gift," - if "A" is known to have once possessed the property, he is assumed to be the rightful ...
During Kristie and Bobby Mihelich's wedding ceremony on April 22, 2022, their then-2-year-old son, Pierson, had the sweetest reaction to seeing his mom as the bride.
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