A deed that conveys an interest in real property to a grantee designated by the owner, that expressly states that the deed is not to take effect until the death of the owner, transfers the interest provided to the designated grantee beneficiary, effective on death of the owner, if the deed is executed and filed of record with the recorder of 15 0 obj 3 0 obj WHAT ARE CLOSING COSTS IN A REAL ESTATE TRANSACTION? This time Im representing a young mother, lets call her Diane. Determining who is an "heir" can be complicated. Reply from Staff: Thank you for your feedback. For the most part, it involves recording an affidavit that includes the grantor owner and grantee beneficiary's information, recording details about the beneficiary deed, and specifics regarding shared ownership of the property. Additional motor vehicle form information. Errors / suggestions - WebMaster@LR.mo.gov. Affidavit of Death recordings in Missouri are a necessary part of clearing up titling for properties when a property owner has passed away. WHAT IS A GIFT OF EQUITY AND HOW DOES IT WORK. <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 17 0 R/Group<>/Tabs/S/StructParents 1>> While youre still living, the property qualifies for local and legal tax benefits, including the Missouri homestead exemption. 116), use this link to bookmark section 461.025. on the effective date of such enacted statutory section. Those in the bloodline have no rights to challenge, nor does anyone else. There are two primary reasons to formalize this transfer of ownership, even though it is supposed to happen automatically. For the most part, it involves recording an affidavit that includes the grantor owner and grantee beneficiarys information, recording details about the beneficiary deed, and specifics regarding shared ownership of the property. This article will discuss the two types of Affidavits of Death, their purpose, when they must be filed and what must be contained within them. INVESTMENT FIRMS MAKING IT DIFFICULT FOR FIRST TIME HOME BUYERS, MISSOURI ENACTS AMENDMENTS TO THE MISSOURI MECHANDISING PRACTICES ACT, OPEN DOOR ORDERED TO PAY $62,000,000.00 FINE FOR DECEPTIVE PRACTICES, INVESTOR SERVICES WE ASSIST IN BUYING AND SELLING NON-PERFORMING NOTES AND NON-PERFORMING REAL ESTATE ASSETS, ITS FINALLY HAPPENED. If you use any Do It Yourself Legal Form available on Deeds.com, you agree that: TO THE EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL WE BE LIABLE FOR DAMAGES OF ANY KIND (INCLUDING, WITHOUT LIMITATION, LOST PROFITS OR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES) ARISING OUT OF OR IN CONNECTION WITH THE LEGAL FORMS OR FOR ANY INFORMATION OR SERVICES PROVIDED TO YOU THROUGH THE DEEDS.COM WEBSITE. endobj When presenting the affidavit and supporting documents for recording, be sure that they will update the tax records as well. However, this illustrates the point that I was trying to make in this post. By following this procedure, the survivor helps to maintain a clear chain of title (ownership history), which will simplify future transactions relating to the property. We suspect Georges grandmother would not be happy about this development. Nothing on this website should be considered a substitute for the advice of an attorney. Missouri Department of Revenue Created Date: 2/20/2019 11:20:44 AM . 1 0 obj MISSOURI STATUTE ON PSYCHOLOGICALLY IMPACTED PROPERTY, 10 WAYS BUYERS LOOSE EARNEST MONEY DEPOSIT, OUR LAWFIRM OFFERS ONLINE VIRTUAL MEETINGS. To support the affidavit, the claiming beneficiary must also include a copy of the recorded beneficiary deed and a death certificate for the owner as well as any deceased beneficiaries. endobj In some states a TOD deed is referred to as a beneficiary deed, TOD instrument or deed upon death. THE ROLE OF AFFIDAVIT OF DEATH RECORDINGS IN MISSOURI. There are two primary reasons to formalize this transfer of ownership, even though it is supposed to happen automatically. His/her name will still appear on the deed, but the records will show that the property rights were transferred to the surviving owner. Box 5264, Fairlawn, OH 44334. <> It can be used in two situations: Do It Yourself Legal Forms available on our Website are not guaranteed to be usable, correct, up to date, or fit for any legal purpose. Clevers Concierge Team can help you compare local agents and find the best expert for your search. To search for archived forms from a previous tax year, choose a year from the Tax Year drop-down box below. The Nonprobate Transfers Law of Missouri, Sections 461.003 to 461.081 RSMo (2012) has been in effect since 1989. (L. 1989 H.B. The owner is a person or persons having a right, exercisable alone or with others, regardless of the terminology used to refer to the owner in any written beneficiary designation, to designate the beneficiary of a nonprobate transfer, and includes joint owners. Motor Vehicle Dealers and Lienholders - Please use the same online form when you request bulk quantities of motor vehicle forms. First, this is not a sale it is a transfer on death. NO WARRANTY. NOVATION VS ASSIGNMENT, TYPICAL STEPS IN AN FSBO HOME SALE TRANSACTION. (2) "Beneficiary designation", a provision in writing that is not a will that designates the beneficiary of a nonprobate transfer, including the transferee in an instrument that makes the transfer effective on death of the owner, and that complies with the conditions of any governing instrument, the rules of any transferring entity and applicable Use of Deeds.com Legal Forms. This saves them in legal fees and saves you if you were considering setting up a trust to transfer your house instead. Code 5682(c)). 9e7Y22Dr3:(gu&kL[utQYwO=3de>aZT%b]3]EXDyD~. However, next day one of those cards went through with no problem. Get competent legal advice before trying to do it yourself. Karri P. said: Great service and easy to purchase exactly what you want. Provide notice to your heirs that includes a copy of this deed and your death certificate (Prob. 3 0 obj %PDF-1.5 Land owners must remain current on property taxes or risk penalties such as fines, liens, and possibly losing the real estate in a tax sale, so it is essential that the tax statements arrive at the correct location. Its also a relatively inexpensive document to have prepared and recorded and should be left to be handled by an experienced probate attorney near you. A great assest. A beneficiary can be one or more individuals or organizations, such as a trust or charity. This ownership history is called the chain of title. endobj <> 701, A.L. (Form Edition 2/22) * By Appointment Only *, Legacy Law Center assists clients with Estate Planning, Elder Law, Estate Litigation and Probate Administration in St. Charles County and St. Louis County, including the cities of, OFallon Wentzville Weldon Springs St. Peters Troy Warrenton St. Charles Lake St. Louis Defiance New Melle Chesterfield Ballwin Wildwood Eureka Richmond Heights Maryland Heights Florissant Creve Coueur Hazelwood St. Ann Brentwood Webster Groves Kirkwood Clayton Ladue Frontenac Sunset Hills Des Peres. 210 Executed deeds must be filed with the city or county recorder of deeds where the property is located before the homes owner dies. The choice of a lawyer is an important decision and should not be based soley on the basis of advertisements. Dawna M. said: Easy to use website and immediate documents appropriate for my area. DEEDS.COM INC. 1997 - 2023 ALL RIGHTS RESERVED | (330) 606-0119 | P.O. Having trouble viewing a form? The deed establishes the person who will inherit a property when the owner dies. Reply from Staff: Thank you for your feedback. If you sold the property with the deed in place, it would still qualify for the federal home sale exclusion. In Missouri, a beneficiary deed transfers real estate to the beneficiary upon the owner's death. <> George, needing the money, along with his sisters are now trying to sell the house. endobj Nothing in this website should be construed as providing legal advise or creating an attorney client relationship. ( Overland Park, Olathe ) Categories: Blog, Deeds, Featured Home, Joint Tenancy with Right of Survivorship, Joint . First, it is always a good idea to record changes to the named owner of real estate, providing notice to the public that the former beneficiary now holds title to the land and keeping the ownership history up to date. Had Grandma used a Trust based plan this could be avoided. Missouri Beneficiary Deed c/o Michael J. Denk P.O. 2 0 obj They can help you avoid any legal pitfalls and double check that all paperwork has been correctly filed. Grantee's legal name and address. Estate Planning Lawyer Chesterfield MO David B. said: I'm not sure how a forms web-site could be so, but I find deeds.com to be sweet. When there is a beneficiary deed St. Charles recorded in advance, the Affidavit of Death will state this and therefore this type of affidavit, once recorded, has the effect of perfecting title in the grantee under the previously recorded beneficiary deed. In Missouri, a beneficiary deed transfers real estate to the beneficiary upon the owners death. If you use a form on our Site, you explicitly agree to our Terms of Use. The document is then properly recorded (usually e-recorded by the attorneys office) so that a public record of the passing of the joint tenant is now in the title record of the property in question. E-File Federal/State Individual Income Tax Return, Check Return Status (Refund or Balance Due), Affidavit to Establish Title to Exempt Property, Affidavit of Lost, Destroyed, or Stolen License and Affidavit to Confirm Identification, Motor Vehicle Sales or Use Tax Protest Payment Affidavit, Application/Affidavit for Missouri Repossession Title, 40 Year or Older Reconstructed Motor Vehicle Valued at $3,000 and Below Affidavit of Ownership and Inspection, Candidate's Affidavit of Tax Payments and Bonding Requirements, Escrow Compliance Certificate and Affidavit (Non-Participating Manufacturers), Executive Agency Affidavit and Request for Confidential Information Under Section 610.032, RSMo, Self-Insurance Affidavit for Religious Groups, Affidavit For Withholding Based on Primary Work Location, Boat or Outboard Motor Affidavit of Ownership and Inspection, Withholding Affidavit for Missouri Residents. Missouri Affidavit as to Death of Grantor Information The Nonprobate Transfers Law of Missouri, Sections 461.003 to 461.081 RSMo (2012) has been in effect since 1989. Then, by recording an affidavit asserting the new claim on the title, the beneficiary lets the local assessor or taxing agency know that, as the record owner of the unique parcel of land, he/she is now responsible for the property taxes. Currently you have JavaScript disabled. 17 0 obj ( Kansas City, Springfield, St. Louis ) Have I Overpaid My Sales/Use/Employer Withholding Tax Account? There are few risks and a Beneficiary Deed must be drafted properly so seeking professional advice is recommended. If you sell, you dont need the beneficiarys approval, as they have no legal right to the property while youre still living. Sent message and response was all 3 cards must have been declined. A beneficiary deed need not be supported by consideration or be delivered to the grantee beneficiary. 1. <> Nothing on this website should be considered a substitute for the advice of an attorney. <> A transfer-on-death (TOD) deed, or beneficiary deed, allows an owner of real property to execute a deed that names a beneficiary who will obtain title to the property at the owner's death without going through probate. <> 24/7 Booking. Deeds effective on death of owner recording, effect. Box 6464 Chesterfield, Missouri 63006 Make sure your include a personal check made payable to "Michael J. Denk" in the amount of $145 and include a copy of the original Beneficiary Deed and a copy of the deceased Grantor's death certificate. Some motor vehicle forms are not available electronically, such as multi-part forms. Get Directions, Olathe, KS All Rights Reserved - Privacy Policy | Terms & Conditions| Consent to Contact Customer | TREC Consumer Protection Notice | Information About Brokerage Services. A clear chain of title (with no gaps or interruptions) makes property easier to sell by reducing the chances of unexpected claims from others trying to assert their ownership rights. If youre looking to sell inherited or estate property, partner with an experienced, local agent for guidance and an optimal outcome on the sale. 2022 Clever Real Estate. This ownership history is called the chain of title. (636) 486-2669 The question arises, then, of exactly how to let the relevant transferring entities know about the owner's death. To support the affidavit, the claiming beneficiary must also include a copy of the recorded beneficiary deed and a death certificate for the owner as well as any deceased beneficiaries. It can also be called a transfer-on-death or TOD form. <> endobj endobj 7 0 obj AFFIDAVIT OF DEATH OF JOINT TENANT Box 6464 Chesterfield, Missouri 63006 Make sure to include a personal check made payable to "Michael J. Denk" in the amount of My only complaint is that the forms had an alignment problem where the fields that were filled in by me did not line up with the template text. Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY. The problem is the relative ease and low cost lead people to use them when they clearly shouldnt. Present the new deed along with the affidavit of surviving joint tenant or submit it for recording on its own at a later date. A clear chain of title (with no gaps or interruptions) makes property easier to sell by reducing the chances of unexpected claims from others trying to assert their ownership rights. Affidavit as to Death of Grantor State Missouri Area Saint Louis County Price $27.97 Delivery Immediate Download Payment Information Included Forms All Saint Louis County specific forms and documents listed below are included in your immediate download package: Affidavit as to Death of Grantor Form - Saint Louis County Missouri Beneficiary Deeds are authorized by the Nonprobate Transfers Law of Missouri. Missouri Affidavit as to Death of Grantor There are a lot of benefits to having a Missouri beneficiary deed drawn up for your home. The Nonprobate Transfers Law of Missouri, Sections 461.003 to 461.081 RSMo (2012) has been in effect since 1989. Copyright © 2021 Richard J. Herndon - Attorney at Law, Missouri Estate Planning, Wills, and Trusts, dangers of using Beneficiary Deeds in Missouri. Mary D. said: So far, understanding the process involved to get these forms was simple. Deeds.com Missouri Affidavit as to Death of Grantor Forms Have Been Updated as Recently as Monday February 13, 2023. I would like to have known or received some information as to charges for filing these documents. When presenting the affidavit and supporting documents for recording, be sure that they will update the tax records as well. There is no statutory form or action required to effect the change, but 461.062 provides some guidance for written requests to formalize these transfers. * In office appointments with the attorney are by appointment only. Section 461.062, however, offers some guidance. Diane separated from her husband, George, about 4 years ago, but never got divorced. As its name suggests, the purpose of the law is to help families avoid the costly and time-consuming process of probate after death. 1. A grantee beneficiary, also called simply a beneficiary is a person or persons designated or entitled to receive property pursuant to a nonprobate transfer on surviving one or more persons. Affidavit of Death recordings in Missouri are a necessary part of clearing up titling for properties when a property owner has passed away. I thought being a member i would be able to look up more than 1 document but it keeps asking me for more money. Enter your zip code to see if Clever has a partner agent in your area. Theres no need to hire a lawyer or open a probate proceeding if you have a TOD deed in place. For the most part, it involves recording an affidavit that includes the grantor owner and grantee beneficiarys information, recording details about the beneficiary deed, and specifics regarding shared ownership of the property. A beneficiary can be an individual or an organization such as a charity. Estate Attorney St. Peters, MO ( Independence, Lee's Summit, Blue Springs ), KC Kansas City Real Estate Law Firm, KS Firms, Lawyer, Lawyers, Legal Advice, FSBO, Contracts, Deeds, Promissary Notes, Brokerage Services, and Flat Fee Legal Protection. Code 5681). endobj To search, type a keyword in the Form Number/Name box or choose a Category from the drop-down box below. 4 0 obj <> WHAT IS AN ATTORNEY REVIEW PERIOD IN A REAL ESTATE CONTRACT? If the beneficiary has already passed away and if they were a child or grandchild of the owner (i.e., a blood relative), then the deed can pass to their descendants. The provisions of this subdivision shall apply to all beneficiary deeds executed and filed at any time, including, but not limited to, those executed and filed on or before August 28, 2005. endobj Do It Yourself Legal Forms available on our Website are not guaranteed to be usable, correct, up to date, or fit for any legal purpose. If not, send a copy of the death certificate and the recorded beneficiary deed to the county assessor, too. Kansas City Real Estate Lawyer Call Mark Roy @ 816-545-9708 Now! Missouri Affidavit as to Death of Grantor While the law is specific on requirements for the beneficiary deed, it is less clear on the process for accepting the real property rights conveyed. OLGA R. said: Excellent Service for E-Recording. Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law. Then, by recording an affidavit asserting the new claim on the title, the beneficiary lets the local assessor or taxing agency know that, as the record owner of the unique parcel of land, he/she is now responsible for the property taxes. Missouri Affidavit as to Death of Grantor The Nonprobate Transfers Law of Missouri, Sections 461.003 to 461.081 RSMo (2012) has been in effect since 1989. To support the affidavit, the claiming beneficiary must also include a copy of the recorded beneficiary deed and a death certificate for the owner as well as any deceased beneficiaries. WHAT NAME SHOULD I GIVE MY MISSOURI LIVING TRUST. Im going to look like a hero. Estate Planning Lawyer Lake St. Louis MO (4) RECORD an affidavit affirming that notice was sent to your heirs (Prob. Download Adobe Acrobat Reader now. <> Property's legal description. The surviving spouse can clear up title by recording the affidavit. The owner is a person or persons having a right, exercisable alone or with others, regardless of the terminology used to refer to the owner in any written beneficiary designation, to designate the beneficiary of a nonprobate transfer, and includes joint owners. A beneficiary deed is not evidence of a purchase. We represent clients throughout the greater Saint Louis Metropolitan area, including those in the cities of St. Louis, OFallon, St. Charles, Florissant, Chesterfield, Wentzville, University City, Wildwood, Baldwin, Kirkwood, Maryland Heights, Hazelwood, Webster Groves, Ferguson, Creve Coeur, Farmington, Clayton, Overland, Bridgeton, Manchester, Jennings, St. Ann, Crestwood and the Counties of St. Louis, Jefferson, Franklin, Gasconade, St. Charles, Warren, and Washington. =/KMA#)GP}Go(mn VtlM?MRDbNnYOC$[pFCPC4Gcb+?3p ;L'?o7=xOF!x*73ivV+Sk|tC%,i?TT|2l{%Oa^Y[pv[E*YO4 What is a Side Letter Agreement in Real Estate? Theyre often used to help children inherit upon your death. % When two or more property owners hold title as joint tenants with right of survivorship, and one co-owner dies, the surviving owners share the decedent's interest in the land by function of law, and outside of the probate process. Reply from Staff: We appreciate your business and value your feedback. This isnt always the case if the property is in a trust. Estate Planning Lawyer St. Charles MO Your heirs dont have to file anything at the courthouse and can avoid the hassle and expense of probate. Real Estate transactions are commonly among the largest we make during our lifetimes. A transferring entity is a person who owes a debt or is obligated to pay money or benefits, render contract performance, deliver or convey property, or change the record of ownership of property on the books, records and accounts of an enterprise or on a certificate or document of title that evidences property rights, and includes any governmental agency, business entity or transfer agent that issues certificates of ownership or title to property and a person acting as a custodial agent for an owner's property. No phone number to call. First, it is always a good idea to record changes to the named owner of real estate, providing notice to the public that the former beneficiary now holds title to the land and keeping the ownership history up to date. Box 6464 Chesterfield, Missouri 63006 Make sure you include a personal check made payable to "Michael J. Denk" in the amount of $145 and include a copy of the original General Warranty Deed or Quit Claim Deed and a copy of the deceased Owner's death certificate. Protecting your assets and preserving them for your heirs is a wonderful way to bless them after youre gone. Join Clevers network. IMPORTANT TERMS as defined in 461.005 Complete the First Page. While the law is specific on requirements for the beneficiary deed, it is less clear on the process for accepting the real property rights conveyed. In Missouri, an Affidavit of Death of Joint Tenant is a sworn and notarized statement which must be executed by someone with personal knowledge of the matter. (636) 486-2619 Kansas City, MO 64106. Or, be directed to a place that lists charges. The first type of affidavit is the Affidavit of Death of Joint Tenant. A deed that conveys an interest in real property to a grantee designated by the owner, that expressly states that the deed is not to take effect until the death of the owner, transfers the interest provided to the designated grantee beneficiary, effective on death of the owner, if the deed is executed and filed of record with the recorder of deeds in the city or county or counties in which the real property is situated prior to the death of the owner. 13 0 obj Let us know if you want to know more about the dangers of using Beneficiary Deeds in Missouri. In a TOD deed, the current owner designates one or more persons as beneficiary. On the first page of the document, enter the following information: Grantor's full legal name and address. You understand and agree that your purchase and/or use of a form document is neither legal advice nor the practice of law, and that each form and any applicable instructions or guidance is not customized to your particular needs, not guaranteed or warranted to be current, up to date, or accurate. may be used to order one copy or several copies of forms. Shes going to be able to get some of the money George owes to her. <> (816) 629-8803 endobj The death of the owner in the case of joint owners, means death of the last surviving owner. [ 13 0 R] The question arises, then, of exactly how to let the relevant transferring entities know about the owners death. s65 |!>&\w.UO|:boes~ DkBGz[ Section 461.062, however, offers some . The Missouri beneficiary deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. Probate Lawyer St. Charles MO Beneficiary Deeds, in the proper circumstances, present a very inexpensive and efficient method of transferring real estate upon death. An Affidavit of Death is a promise made under oath that someone has passed. Once the affidavit of death is recorded, the Assessors Office will also update the current ownership in the property tax records. endobj The request shall be under oath or affirmation, subscribed before a notary public or other person authorized to administer oaths, and shall include the following: (a) The full name, address and tax identification number of each beneficiary; (b) The percentage or fractional share to be distributed to each beneficiary; OFallon, MO 63368 Have a wonderful day! If there is a mortgage, the new owner, just like the original owner, has an equity interest in the property and must either assume the existing mortgage or refinance it. To remove the decedent's name altogether, execute a new deed showing both joint tenants as grantors and only the survivor as a grantee. A clear chain of title (with no gaps or interruptions) makes property easier to sell by reducing the chances of unexpected claims from others trying to assert their ownership rights. For example: "John Doe (deceased) and Richard Roe, as joint tenants with right of survivorship, convey to Richard Roe as sole owner." When a property is owned by two or more owners and one of the owners dies, an Affidavit of Death of Joint Tenant must be recorded in the Recorders Office where the property sits. 145 25, A.L. 11 0 obj The process of removing a deceased joint tenant from a Missouri deed is fairly simple. Affidavit of Lost, Destroyed, or Stolen License and Affidavit to Confirm Identification: 12/14/2022: 4679: Motor Vehicle Sales or Use Tax Protest Payment Affidavit: 8/28/2019: 4756: Affidavit for Loss of Motor Fuel: 10/21/2021: 4999: Affidavit for Return of Securities: 6/1/2013: 5005: Application/Affidavit for Missouri Repossession Title: 7/22 . To inherit, the deeds beneficiary must remain living for 120 days after the homes owner passes away. To talk to a Clever Partner Agent today, fill out ouronline form. endobj DOOqH&rf` . We really appreciate it. <>>> One of the biggest is that the deed enables your heirs to avoid probate. <>>> I appreciate the fact I got 1 document I needed quickly. Legacy Law Center drafts Beneficiary Deeds for clients all across the St. Louis area. (Form Edition 2/22) Thank you. c'i6XmMbm1{Zn|mb3):;=]RD)&=PD"N8f) OOz?4<=c]) D_n{W?.\&MVHF<,m`s-( 6a,@`3{er`8G1/v(+S/051*f.P8fCq CAtGODO8[y2AVM#WAd,i^Ii.FAUTT*lql+ute/*Tbm(*.+q6m?J[Oj8RH-Dv]86hhi#a F2%>]e:,%)wQu}@K6FZpC+75r*Y^7ba1h.%8V5; lpBhIGy :*jM&!8MFnzVp;)\Q,Sd{\>"b0s "2KVs2ERO relating to your request, use and implementation of such Missouri Beneficiary Deed. Use of any Do It Yourself Legal Form from our website is done so AT YOUR OWN RISK. The requirements within the document are the same as with Affidavit of Death of Joint Tenant, as are the execution and recording requirements. I requested help, asking if I need to pay for each document but have not yet been answered. On our Site we make available for use self-help "fill in the blank" forms. solely on the basis of advertisements. There are two primary reasons to formalize this transfer of ownership, even though it is supposed to happen automatically. While the law is specific on requirements for the beneficiary deed, it is less clear on the process for accepting the real property rights conveyed. If you use any Do It Yourself Legal Form available on Deeds.com, you agree that: TO THE EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL WE BE LIABLE FOR DAMAGES OF ANY KIND (INCLUDING, WITHOUT LIMITATION, LOST PROFITS OR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES) ARISING OUT OF OR IN CONNECTION WITH THE LEGAL FORMS OR FOR ANY INFORMATION OR SERVICES PROVIDED TO YOU THROUGH THE DEEDS.COM WEBSITE. Land owners must remain current on property taxes or risk penalties such as fines, liens, and possibly losing the real estate in a tax sale, so it is essential that the tax statements arrive at the correct location. Margaret C. said: I recieved my document in a reasonable amount of time. If their intent is to sell the property, they can then hire a realtor and the mortgage can be paid off at closing, just as it would be in a normal real estate transaction. Land owners must remain current on property taxes or risk penalties such as fines, liens, and possibly losing the real estate in a tax sale, so it is essential that the tax statements arrive at the correct location. They are also far cheaper to have drafted than a living trust. 9 0 obj We represent clients throughout the Kansas City Metropolitan area, including those in Kansas City, KS; Overland Park, KS; Olathe KS; Lenexa, KS; Lawrence, KS; Independence, MO; Kansas City, MO; Lees Summit, MO; Blue Springs, MO; Liberty, MO; Belton, MO; Raymore, MO; Raytown, MO; Grandview, MO; North Kansas City, MO; Parkville, MO; Platte City, MO; Oak Grove, MO; Cass County, Clay County, Clinton County, Henry County, Jackson County, Lafayette County, Platte County, Ray County, Johnson County, Leavenworth County, Miami County and Wyandotte County. Im not clear what you mean by if the seller is found unable in the old age.
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