Introduction When dealing with real estate transactions, you may come across a legal document called a "Deed of Trust." Understanding what it is and how it works is crucial, especially if you’re buying property or securing a loan. Let’s break down the basics of a Deed...
Real Estate
What Is a Promissory Note?
Introduction When you own real estate in multiple states, simplifying your estate plan is crucial to avoid legal headaches and ensure a smooth transition of your assets. A promissory note is an essential tool in managing real estate financing. The following will...
Can You Sell a Home in a Revocable Living Trust?
A Revocable Living Trust offers many advantages in estate planning, including avoiding probate and simplifying asset distribution. But what happens when you want to sell a home that’s already in your RLT? This blog will explain how you can sell a home in an Revocable...
The Benefits of Having a Revocable Living Trust
Introduction When it comes to estate planning, one of the most powerful tools you can use is a Revocable Living Trust (RLT). Unlike a simple will, an RLT offers a range of benefits that can streamline the management and distribution of your assets, providing peace of...
How to Move Your Mortgaged Rental Home into an LLC in Washington
If you're a rental property owner in Washington State, you may have heard of the benefits of transferring your rental home into a Limited Liability Company (LLC). From liability protection to tax advantages, moving your mortgaged rental property to an LLC can offer...
Can You Sell A Home In A Revocable Living Trust?
Selling a home held in a Revocable Living Trust is generally straightforward. As the trustee, you have the authority to sell the property just as you would if it were in your name. The process involves the same steps as selling any other home, including listing the...
Considerations Before Quit Claiming Your Home To Your Children
When it comes to estate planning, many Washington homeowners consider using a quitclaim deed to transfer their property to their children. While this might seem like a straightforward solution, it can lead to a number of unintended consequences. Here are some reasons...
Understanding Transfer on Death Deeds
In the realm of real estate planning, individuals seek efficient and seamless ways to transfer property to their loved ones upon their passing. Among the arsenal of legal instruments available, the Transfer on Death (TOD) deed stands out as a powerful tool offering...
Navigating Seller Financing For Real Estate
Seller financing can offer a flexible alternative to traditional bank loans when buying or selling real estate. In this blog, we'll explore the ins and outs of seller financing, focusing on the crucial aspect of preparing the necessary documentation for a smooth...
Understanding Wills vs Revocable Living Trusts In Washington State
Estate planning is a crucial process that allows individuals to safeguard their assets, dictate the distribution of their wealth, and ensure the smooth transition of their affairs after death. Two primary instruments in this realm are wills and revocable living...