In this episode of Advice from Your Advocates, Attorneys Bob Mannor and Kelli King-Penner discuss the dangers, pitfalls, and misconceptions of deeds. Could the deed to your home set you or your beneficiaries up for real estate disaster? This podcast uncovers the veil and mystery behind this common, yet complicated legal document.
One of the most common documents we see with mistakes is with deeds. It’s so incredibly easy to make a mistake. Even one small typo of a letter or number could be a huge problem. In fact, even here at Mannor Law Group, we triple-check the deeds we create, as mistakes are possible to any human eye! Deeds are deceiving as they are typically brief documents so they appear simple… but can be easily prone to mistakes.
We see deeds that present internal conflicts, family conflicts, or worse, will not accomplish the intended purpose. Frequently, we find discrepancies within the deeds for real estate ownership. Oftentimes, deeds are created by contractors, realtors, county clerks, etc., and unknowingly leave out necessary details for full ownership or transfer of properties.
You might be familiar with ladybird deeds – where you place a beneficiary designation of your possessions upon your death. This tool can sometimes be useful, but often it’s used incorrectly, which will cause a number of problems. Bob and Kelli explore real case studies that will definitely leave you thinking!
Watch the replay video here or listen to the podcast on the go right from our website – or your favorite streaming provider. If you have a deed you would like us to review or want to discuss the peace of mind an estate plan can bring, contact us below.
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