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If a Deed of Trust is not recorded by an attorney in Virginia, it may lead to several issues, such as the lender losing priority over other creditors in the event of foreclosure. The failure to record can also make it difficult to enforce the terms of the loan against the property. Additionally, the borrower might not be fully protected, as the property may not be encumbered in the public records, potentially leading to disputes over ownership or claims from other parties. It's essential to ensure proper recording to safeguard both lender and borrower interests.
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What happens if both primary and secondary beneficiary die. Second beneficiary had approved power of attorney to another sibling - what happens then?
A Power of Attorney expires when the principal dies.As for the other queries about what happens when a beneficiary dies you haven't explained what type of beneficiary: life insurance, estate or trust?A Power of Attorney expires when the principal dies.As for the other queries about what happens when a beneficiary dies you haven't explained what type of beneficiary: life insurance, estate or trust?A Power of Attorney expires when the principal dies.As for the other queries about what happens when a beneficiary dies you haven't explained what type of beneficiary: life insurance, estate or trust?A Power of Attorney expires when the principal dies.As for the other queries about what happens when a beneficiary dies you haven't explained what type of beneficiary: life insurance, estate or trust?
How do you put automobiles into living trust?
You should seek the advice of an attorney who specializes in trust law in your jurisdiction.You should seek the advice of an attorney who specializes in trust law in your jurisdiction.You should seek the advice of an attorney who specializes in trust law in your jurisdiction.You should seek the advice of an attorney who specializes in trust law in your jurisdiction.
When was Land Trust of Virginia created?
Land Trust of Virginia was created in 1991.
Is a Totten Trust recognized in West Virginia and or Virginia?
Yes, a Totten Trust would be recognized in both West Virginia and Virginia. There are Totten Trust attorneys that can be found in every state.
Who is the best trust attorney in Houston?
www.avvo.com and www.lawyerratingz.com will help you find the best trust attorney in the Houston area.
What cases does a trust attorney handle?
"A trust attorney will usually handle cases that have to do with a living trust, making sure it gets set up and transferred correctly." A trust is one person holding the legal title of property for another person. A trust attorney is the legal representative that handles trust cases.
Can a power of attorney break a trust?
The will depend on the rights granted to the power of attorney. And the type of trust will affect the ability as well.
How can you get a trust fund monthly payment back when a sibling tricked you into doing a quick claim deed?
You need to consult with an attorney. You have asked a complicated question that involves a trust and a conveyance of real property. The attorney can review both the trust and the conveyance and explain your rights and options.You need to consult with an attorney. You have asked a complicated question that involves a trust and a conveyance of real property. The attorney can review both the trust and the conveyance and explain your rights and options.You need to consult with an attorney. You have asked a complicated question that involves a trust and a conveyance of real property. The attorney can review both the trust and the conveyance and explain your rights and options.You need to consult with an attorney. You have asked a complicated question that involves a trust and a conveyance of real property. The attorney can review both the trust and the conveyance and explain your rights and options.
Is an Irrevocable Trust still valid if the Deed filed predates the date of the Trust?
Trusts and trust law are complicated areas of law and should not be tinkered with by an unprofessional. Trusts need to be drafted and managed by a professional, especially when real property is involved. You need to consult with an attorney who specializes in trust and real estate law in your jurisdiction. You should take a copy of the trust and the deed in question with you so they can be examined by the attorney. The attorney will then need to review the land records for the particular property to determine what deeds have been recorded. It will take some research to determine the status of the property.
Can changes be made to beneficiaries in a revocable trust that was originally prepared by an attorney?
Changes can be made to beneficiaries in a revocable trust that was originally prepared by an attorney. In a revocable trust, you can legally change the terms and end the trust at anytime before death.
Does it require an atty or can you change the name on your deed to a family trust?
You need to hire an attorney to change the name on your deed. The deed needs to be filed properly with a court of law and recorded.
What happens when someone dies with a house titled to a trust and with a mortgage?
The decedent didn't own the property if it was transferred to a trust. The property is owned by the trust and is managed by the trustee. You need to review the terms of the trust to determine how the property will be handled or distributed. If you still have questions you need to consult with an attorney who can review the trust and explain your options.
