How do I apply for a divorce application?
How do I apply for a divorce application?
How to File and Draft a Divorce Petition?
- Souse details: Spouses by name and address;
- Marriage details: Date and place of marriage;
- Child out of wedlock: Identification of children out of wedlock.
- Place of cohabitation: Acknowledgment that both the parties have lived in the state or county for a certain period of time prior to filing the petition;
How do you determine the value of a life estate?
There is a value to a life estate. Upon sale, the life tenant is entitled to compensation for the sale of their interest. Life estates are valued using the age of the life tenant and the present fair market value of the property.
What are not really deeds?
Which of the following deeds are not really deeds at all? Land Patent. Trust Deed. Trustee’s Deed is given to the buyer of property at a trust deed foreclosure sale, and a Land Patent is used by the government to grant public land to an individual. A Trust Deed is not a deed.
What are the rights of a Remainderman?
Rights of a Remainderman A remainderman has an interest in assuring that the life tenant does not destroy, damage, or otherwise diminish the value of the property. The life tenant must maintain the property, make any existing mortgage payments, pay property taxes, and keep the property adequately insured.
Can a Remainderman be changed?
The owner of the life estate can remove or change the remaindermen if he or she (grantor or life tenant) wants. For a better view and options, one should consult with an attorney.
Can a Remainderman get a mortgage?
Technically, yes. Practically, almost certainly not. It would be incredibly unusual for a lender to make a loan to a remainderman, because they cannot foreclose…
Can a Remainderman borrow against a life estate?
Borrowing Against Life Estate If your property is owned by a life estate, you can still borrow against the property. However, you may face additional hurdles at the lender. First, bring in the appropriate documents establishing the life estate, such as your will or the deed to the property.
