Living Trust

Estate planners often recommend Living Trusts as a viable option when contemplating the manner in which to hold title to real property. When a property is held in a Living Trust, title companies have particular requirements to facilitate the transaction.

An irrevocable trust is a legal arrangement where the grantor (the person who creates the trust) cannot change or revoke the trust after it's established, and the assets placed in it are no longer under the grantor's direct control. This can be used for asset protection, estate tax planning, and other purposes

Intangible property refers to assets that lack a physical form but still hold value, Intangible property, also known as incorporeal property, is property that cannot be seen, touched, or physically held, but has economic value. 

Escrow is a legal concept describing a financial agreement where assets or money are held by a neutral third party on behalf of two other parties that are in the process of completing a transaction. 

 A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you don't repay the money you've borrowed plus interest. Mortgage loans are used to buy a home or to borrow money against the value of a home you already own. 

 A home inspection is a thorough evaluation of a property's condition, typically performed before buying or selling, to uncover any existing or potential problems. During the inspection, professionals assess key components such as the structure, major systems, and appliances to verify their safety and proper operation.