Good idea about the transfer at death deed, in states/counties where they have such a thing. It would save the trouble of waiting for a will to get through probate court, etc. When my mother died in NJ, it took several months to get the handling of the estate to the point where the (then empty) house could be sold. Another thing to consider is that if you have a bunch of heirs, the ones getting a percentage of the estate, don't necessarily get it until the estate is ready to be close out, if you have executors who are unwilling to make partial payments or make assumptions about what something like houses will sell for, what the exact (state) estate tax will be, etc. But if someone is willed a specific item or a specific amount, those get paid out before the people divvying up the (usually much larger, but could be $0) remainder when everything is accounted for. So if you're leaving $5K to an old drinking buddy, and 1/2 of your entire estate to each of 2 kids, you might want to rewrite it to give $5K to the buddy, $5K to kid #1, and $5K to kid #2 ASAP, then they at least have some cash as soon as your buddy, while waiting for real estate to be sold, executor fees to be figured, taxes to be paid, lawyers to be paid, accountants to be paid, and the estate being all ready to be closed out and divided up. Some executors (including one or more of the deceased's own kids) might be real sticklers about not paying anything to the main heirs until every last penny is ready to be paid out. A rich executor might use that to torture a poor heir by making them hang by their fingernails for months or years to get paid. Other executors might be much looser, paying funds out as soon as the court approves and the funds from each asset being sold, become available. Nobody in my family ever steals an inheritance, but some play the game of not paying out a dime until the lawyers say they absolutely must.
Hi Rusty I was just wondering how Levi is doing up on his hill hope the fire didn’t get anywhere near him have a good day sir
no fires near him
thanks have a great day
👍🏼
2.98 gal in dallas
good
Here dude.😊
Rusty, l don't think you have enough to do
Cool video talk rusty lol 😆 😄 🤣 😂
Gas in NM when you live in Bĺue state does not produce gas.
Hi Rusty. Awesome 👍
Thanks for watching
Thank you Rusty for the knowledge on the trust of death deed. Now I know something very very important. Hugs and love my friend from Angela ❤❤❤😊😊😊😊❤
Transfer at Death Deed
I think it's TOD (Transfer On Death)
Man your mail sounds crazy
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Good Job, Country Boy ❣ 🐢
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good evening 🇺🇸👍🏻🇩🇪
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Good idea about the transfer at death deed, in states/counties where they have such a thing. It would save the trouble of waiting for a will to get through probate court, etc. When my mother died in NJ, it took several months to get the handling of the estate to the point where the (then empty) house could be sold. Another thing to consider is that if you have a bunch of heirs, the ones getting a percentage of the estate, don't necessarily get it until the estate is ready to be close out, if you have executors who are unwilling to make partial payments or make assumptions about what something like houses will sell for, what the exact (state) estate tax will be, etc. But if someone is willed a specific item or a specific amount, those get paid out before the people divvying up the (usually much larger, but could be $0) remainder when everything is accounted for.
So if you're leaving $5K to an old drinking buddy, and 1/2 of your entire estate to each of 2 kids, you might want to rewrite it to give $5K to the buddy, $5K to kid #1, and $5K to kid #2 ASAP, then they at least have some cash as soon as your buddy, while waiting for real estate to be sold, executor fees to be figured, taxes to be paid, lawyers to be paid, accountants to be paid, and the estate being all ready to be closed out and divided up. Some executors (including one or more of the deceased's own kids) might be real sticklers about not paying anything to the main heirs until every last penny is ready to be paid out. A rich executor might use that to torture a poor heir by making them hang by their fingernails for months or years to get paid. Other executors might be much looser, paying funds out as soon as the court approves and the funds from each asset being sold, become available.
Nobody in my family ever steals an inheritance, but some play the game of not paying out a dime until the lawyers say they absolutely must.
Excellent information
The TOD certificate is an excellent way to transfer ownership hassle free, also with Bank Accounts.
true
Thanks for the update, Rusty!
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Rusty will you register to Vote in NM also?
no, I don't vote