A pre-recorded streaming video replay of the August 2019 webcast, Essentials of Drafting Deeds.
Topics Covered
Deeds need to tell both the client’s story and the property’s story—do your deeds do that? Attend this seminar to learn:
- How to prepare an appropriate deed
- How to analyze your client’s situation and choose the proper deed to prepare
- Creditor protection that can be created by proper deed drafting
- Whether a transfer-on-death deed could achieve the same result for your client whose estate would not otherwise go to probate but for the real property
- Methods to salvage do-it-yourself deeds and other seemingly deficient writings
- Tax ramifications in preparation of deeds
In addition, the speaker will provide actual land record examples of what not to do and show what it took to correct them.
Virtually every Virginia lawyer’s practice touches real estate—drafting proper deeds is essential whether you are an estate planning attorney, a domestic relations attorney, a litigation attorney, or a real estate attorney.
What are the issues that you need to consider prior to drafting a deed?
- Title holding:
- Tenants in common
- Joint tenants with right of survivorship
- Tenants by the entirety
- Limited liability companies and other title holding entities
- Virginia land trust
- Whether and how to use transfer-on-death deeds and how to create life estates
- How your client can take advantage of the transfer tax exemptions contained in Title 58.1 without facing the law of unintended consequences
- Leases are deeds—analysis of leases in excess of 5 years and their enforceability
Covering both basic and advanced issues, this seminar will provide you with an expansive view of the need to evaluate your client’s circumstances. It will discuss how to make the right choice of deed, and the law of unintended consequences when that choice is not properly considered.