When people talk about avoiding probate, one of the most common ideas that comes up is adding a child to the deed of their home. It sounds simple: put the child on the deed now so the property passes automatically later. In practice, this move usually creates more problems than it solves. Of all the issues this approach can cause, two stand out:You give up real property rights during your lifetime, and You often Read More
Protection from Deed Fraud
The crooks are everywhere. You may not have heard of “Deed Fraud,” but it has become a real problem in some areas of the United States. There are several ways in which a crafty criminal can steal the deed to your property. Since the scam takes some time to put together, the scammers often target vacant homes. The vacant property could be empty for a variety of reasons: (1) the owner is now deceased; (2) it could be a Read More
“What do you mean my spouse has to sign?” Carol C. Beasley, NCCP.
One of the most frequently asked questions we have encountered in real estate law is, “Why does my spouse have to sign?” The answer to that question is, because North Carolina recognizes the existence of marital rights in real property. Many couples today choose to keep their individual property separate, especially property owned before marriage. But in North Carolina, real property spousal rights are written Read More
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