The Reed Wilson Case blog, managed by RWC, LLC Attorneys and Counselors at Law, serves as a comprehensive resource for individuals seeking insights into various legal domains. The blog covers a wide array of topics, including estate planning, elder law, probate, Medicaid, and real estate closings, reflecting the firm’s dedication to educating the public on these intricate subjects.
Before buying a home, one of the first things you need to do is to make sure that the seller actually owns it. After all, you can’t sell something that doesn’t belong to you. legally speaking at least. You have to make sure that you are dealing with a clear title. Essentially, a title that’s…
Difference Between a Revocable Trust and an Irrevocable Trust There are two types of trusts – As clearly expressed in the title of this article. One is called a Revocable Trust, and the other – is an Irrevocable Trust. So far so good. To easily tell them apart, there is one major difference between the…
As most of you who have purchased a home knows, the process to get to the closing date is not always smooth. There are many steps along the way to the closing, including inspections, title searches, and mortgage approval. How Does a Closing Date Work? The Agreement spells out how long the buyer has to…
What Is The Difference Between Primary v Contingent Beneficiaries? A primary beneficiary is a person or entity who is first in line to receive assets upon the death of the policyholder or account owner. A contingent beneficiary is a person or entity who is next in line to receive the assets if the primary beneficiary…
As part of our elder law and long-term care planning practice, we often recommend a reverse mortgage to our clients. And we are often met with resistance. One of the most common misconceptions about reserve mortgages is that if someone obtains this type of mortgage, all hope of ever having any equity to pass to…
Does Your Will Determine Who Inherits Your Assets When You Die? Last month I discussed how clients are often unpleasantly surprised to learn that having a Last Will and Testament does not negate the need for probate. Many people also incorrectly believe that the Will is KING. They think that the terms of the Will…
