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Understanding complex legal and related issues is tough enough without having to filter through the legalese. As the Plain English Attorney(TM), Jeffrey G. Marsocci utilizes his knowledge and experience as an attorney licensed in North Carolina and as a Certified Medicaid Planner(TM) nationwide in the U.S. to break down topics such as estate and Medicaid planning, financial strategies, and other topics of interest. For more free information, please go to www.linktr.ee/plainenglishattorney.
Episodes
Thursday Jul 09, 2020
Thursday Jul 09, 2020
I often see clients buying, selling, or refinancing a home within their revocable living trust, and some real estate professional ends up asking them for a Trust Certification Form. "Oh, you can just get that from your attorney." Unfortunately, just asking your estate planning attorney for a Trust Certification Form is like going to a hardware store and asking someone who works there to get you a box of screws. How long? What metal does it need to be made out of? Flat head or round head? Regular or Phillips head screws? How many to a box?
The real estate process is confusing enough, and being asked to generically get a Trust Certification Form can be very confusing and frustrating. This podcast reviews what trust certification forms are, the few items that are frequently included in them, and some of the stranger requests we've had to include in the past. For the free trust certification form we send, please go to our Linktree account at https://linktr.ee/plainenglishattorney in the Forms section. We also have included a copy of the standard letter we send to real estate professionals who have not been specific in their requests for what should be included in the Trust Certification Form their company wants.
Wednesday Jul 08, 2020
Wednesday Jul 08, 2020
As part of executing an estate strategy that helps avoid probate, real estate should be owned by your revocable living trust. But what difficulties might come up? In this episode, I'll explore why real estate should be in a revocable living trust and then what issues may come up around 1) buying real estate in a trust, 2) selling real estate in a trust, and 3) refinancing a mortgage on property in a trust.
For more information on Revocable Living Trusts, please read Estate Planning Basics: A Simple Guide to Estate Planning Concepts, available on Amazon.com.
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