Do you need a solicitor to change name on deeds?
Although it’s possible to change the names on title deeds yourself, we recommend that you seek professional help from a solicitor. The value of property is sufficiently high to make it worthwhile getting the transfer right.
Does a deed supercede a will?
When a person dies, beneficiaries might learn that the decedent made a deed that conflicts with the specific wording in his will. Generally, a deed will override the will. However, which legal document prevails also depends on state property laws and whether the state has adopted the Uniform Probate Code.
Is owner’s title insurance a waste of money?
Title insurance, typically costing less than 1 percent of the property purchase price, may seem expensive. But it is actually cheap peace of mind insurance because it stays in force as long as the owner owns the property.
Is title insurance a ripoff?
Today, title insurance protects against errors in public records, unknown liens or easements, or missing heirs. Homebuyers can buy title insurance to protect themselves, but mostly, they’re buying title insurance to protect their mortgage lender.