Deeds - Revision history

Marcin at 12:43, 10 April 2018

2018-04-10T12:43:48Z

← Older revision		Revision as of 12:43, 10 April 2018
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	This is part of OSE's treatment of Real Estate Law for entrepreneurs, family businesses, and married couples.		This is part of OSE's treatment of Real Estate Law for entrepreneurs, family businesses, and married couples.

			=Quitclaim Deed=
			*Used when you quit your claim to property. Does not guarantee that you own the property that you are quit claiming.
			*Sample template - []

	=3 Types of Tenancy=		=3 Types of Tenancy=

Marcin: /* Tax Exemption */

2018-04-06T20:56:12Z

Tax Exemption

← Older revision		Revision as of 20:56, 6 April 2018
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	*https://www.legacylawmissouri.com/understanding-property-missouri/		*https://www.legacylawmissouri.com/understanding-property-missouri/

	=Tax Exemption=		=Gift Tax Exemption=
	*Gift exemption is $158,000		*Gift exemption is $158,000
	More about this:		More about this:

Marcin: /* 3 Types of Tenancy */

2018-04-06T20:55:00Z

3 Types of Tenancy

← Older revision		Revision as of 20:55, 6 April 2018
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	*https://www.deeds.com/information/using-a-quit-claim-deed-in-missouri-to-create-a-joint-estate-1336418717.html		*https://www.deeds.com/information/using-a-quit-claim-deed-in-missouri-to-create-a-joint-estate-1336418717.html
	*https://www.legacylawmissouri.com/understanding-property-missouri/		*https://www.legacylawmissouri.com/understanding-property-missouri/

			=Tax Exemption=
			*Gift exemption is $158,000
			More about this:
			*https://www.thebalance.com/are-gifts-to-your-spouse-taxable-it-depends-3505681
			*https://www.nolo.com/legal-encyclopedia/estate-planning-when-you-re-married-noncitizen.html
			*https://www.wealthdirector.com/2014/03/transfers-to-non-citizen-spouses-planning-considerations/
			*https://weatherby-associates.com/resources/estate-planning-library/gift-tax-planning-non-citizen-spouse

	=Adding a Partner to a Deed=		=Adding a Partner to a Deed=

Marcin: /* 3 Types of Tenancy */

2018-04-06T20:43:10Z

3 Types of Tenancy

← Older revision		Revision as of 20:43, 6 April 2018
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	*For Missouri, there are 3 possible types of quit-claim deeds one could use. The differences between them lie in what happens if one gets sued (or owns money they can't repay) or if one dies.		*For Missouri, there are 3 possible types of quit-claim deeds one could use. The differences between them lie in what happens if one gets sued (or owns money they can't repay) or if one dies.

	*Tenants by the Entirety		*Tenants by the Entirety with Rights of Survivorship
	*Joint Tenants with Rights of Suvivorship		*Joint Tenants with Rights of Suvivorship
	*Tenants in Common		*Tenants in Common

Marcin at 20:31, 6 April 2018

2018-04-06T20:31:01Z

← Older revision		Revision as of 20:31, 6 April 2018
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	This is part of OSE's treatment of Real Estate Law.		This is part of OSE's treatment of Real Estate Law for entrepreneurs, family businesses, and married couples.

	~~=Adding a Partner to a Deed=~~
	*Alvin Rabushka's Flat Tax would simplify land tenure issues.
	*For couples - use a Right of Survivorship. This avoids probate.
	*Capital gains taxes may apply, so Transfer on Death is preferable for ~~capital gains purposes.~~
	*Procedure: obtain a quitclaim form from local recorder's office. Sign (one or both, ~~depending on county) in presence of a notary. May require a Spousal Affidavit.~~
	*Tenancy in Entirety protects other partner in case of suit, ~~other partner is not exposed if one partner is sued~~.

	=3 Types of Tenancy=		=3 Types of Tenancy=
	*~~for~~ Missouri		*For Missouri, there are 3 possible types of quit-claim deeds one could use. The differences between them lie in what happens if one gets sued (or owns money they can't repay) or if one dies.
	~~There~~ are 3 possible types of quit-claim deeds we could use ~~(which are recognized in MO)~~. The differences between them lie in what happens if one gets sued (or owns money they can't repay) or if one dies.

	*Tenants by the Entirety		*Tenants by the Entirety
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	Needless to say, independently of what it says on the deed, I will still consider the property as yours alone and not make any claims on it. Though I do think we should consider the ramifications of the scenarios above (asset seizure or death).		Needless to say, independently of what it says on the deed, I will still consider the property as yours alone and not make any claims on it. Though I do think we should consider the ramifications of the scenarios above (asset seizure or death).

	https://www.thebalance.com/tenants-by-entirety-versus-joint-tenants-3974805		*https://www.thebalance.com/tenants-by-entirety-versus-joint-tenants-3974805
			*https://www.thebalance.com/tenants-in-common-for-real-estate-ownership-1798768
			*https://mobankruptcyblog.com/2012/12/07/the-tenancy-by-entirety-exemption-in-missouri/
			*https://www.deeds.com/information/using-a-quit-claim-deed-in-missouri-to-create-a-joint-estate-1336418717.html
			*https://www.legacylawmissouri.com/understanding-property-missouri/

	~~https://www~~.~~thebalance~~.~~com/tenants-in-common-~~for~~-real-estate-ownership-1798768~~		=Adding a Partner to a Deed=
			*Alvin Rabushka's Flat Tax would simplify land tenure issues.
	~~https~~:~~//mobankruptcyblog~~.~~com/2012/12/07/the-tenancy-by-entirety-exemption-~~in~~-missouri/~~		*For couples - use a Right of Survivorship. This avoids probate.
			*Capital gains taxes may apply, so Transfer on Death is preferable for capital gains purposes.
	~~https://www~~.~~deeds.com/information/using-~~a~~-quit-claim-deed-in-missouri-to-create-a-joint-estate-1336418717~~.~~html~~		*Procedure: obtain a quitclaim form from local recorder's office. Sign (one or both, depending on county) in presence of a notary. May require a Spousal Affidavit.
			*Tenancy in Entirety protects other partner in case of suit, other partner is not exposed if one partner is sued.
	~~https://www.legacylawmissouri~~.~~com/understanding-property-missouri/~~

Marcin: /* Adding a Partner to a Deed */

2018-04-06T20:29:24Z

Adding a Partner to a Deed

@@ Line 4: / Line 4: @@
 *Alvin Rabushka's Flat Tax would simplify land tenure issues.
 *For couples - use a Right of Survivorship. This avoids probate.
 *Capital gains taxes may apply, so Transfer on Death is preferable for capital gains purposes.
 *Procedure: obtain a quitclaim form from local recorder's office. Sign (one or both, depending on county) in presence of a notary. May require a Spousal Affidavit.
 *Tenancy in Entirety protects other partner in case of suit, other partner is not exposed if one partner is sued.

Marcin: /* Adding a Partner to a Deed */

2018-04-06T20:26:51Z

Adding a Partner to a Deed

← Older revision		Revision as of 20:26, 6 April 2018
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	=Adding a Partner to a Deed=		=Adding a Partner to a Deed=
	*Alvin Rabushka's Flat Tax would simplify land tenure issues.		*Alvin Rabushka's Flat Tax would simplify land tenure issues.
	*For couples - use a Right of Survivorship		*For couples - use a Right of Survivorship. This avoids probate.
	*Tenants in the entirety - ~~does that include joint tenants~~ with right of survivorship		*Tenants in the entirety - with right of survivorship
	*Capital gains taxes may apply, so Transfer on Death is preferable for capital gains purposes.		*Capital gains taxes may apply, so Transfer on Death is preferable for capital gains purposes.
	*Procedure: obtain a quitclaim form from local recorder's office. Sign (one or both, depending on county) in presence of a notary. May require a Spousal Affidavit.		*Procedure: obtain a quitclaim form from local recorder's office. Sign (one or both, depending on county) in presence of a notary. May require a Spousal Affidavit.
			*Tenancy in Entirety protects other partner in case of suit, other partner is not exposed if one partner is sued.

Marcin at 20:12, 6 April 2018

2018-04-06T20:12:16Z

← Older revision		Revision as of 20:12, 6 April 2018
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	This is part of OSE's treatment of Real Estate Law.		This is part of OSE's treatment of Real Estate Law.

	*Tenants in the entirety -		=Adding a Partner to a Deed=
			*Alvin Rabushka's Flat Tax would simplify land tenure issues.
			*For couples - use a Right of Survivorship
			*Tenants in the entirety - does that include joint tenants with right of survivorship
			*Capital gains taxes may apply, so Transfer on Death is preferable for capital gains purposes.
			*Procedure: obtain a quitclaim form from local recorder's office. Sign (one or both, depending on county) in presence of a notary. May require a Spousal Affidavit.

Marcin: Created page with "This is part of OSE's treatment of Real Estate Law. *Tenants in the entirety -"

2018-04-06T20:01:17Z

Created page with "This is part of OSE's treatment of Real Estate Law. *Tenants in the entirety -"

New page

This is part of OSE's treatment of Real Estate Law.

*Tenants in the entirety -