Major life events, such a divorces, deaths, and marriages are always hectic, and they always leave lots of details to be handled. One detail that should not be overlooked is dealing with titles to real estate. After such an event it is important to review with an attorney the most current deeds to all real property. Perhaps nothing needs done, or perhaps significant updates and changes are appropriate.
We’re just now taking on a case where these details weren’t handled. It’s going to cost several thousand dollars to clean up a mess that less than two hundred would have handled — not to mention the additional stress.
Interestingly, the current situation is one where the use of a Trust Based Plan would have prevented the problem permanently. Don’t be penny-wise and dollar-foolish.
Email us if you have questions.