Hawaiian real estate property is transferred either in the Land Court system, Regular system or both, depending on which system the land was originally recorded. When recorded in both land systems, documents are said to be recorded in “Double” system.
Real estate transfers in Hawaii are with Bureau of Conveyances and not a county recorder as is done in the other 49 states
Property can be transferred into a trust post after death with a Heggstad Petition
Administration of an estate is paying the debts of decedent, paying income taxes owed by the estate and decedent, paying estate taxes owed by the estate and transfer of legal title of property from the estate of the decedent to his or her beneficiaries or heirs.
Transfers of commercial real property or apartments into a trust are considered a “sale” by banks. The note may become due and payable because of the transfer.
Chart comparing title transfer and recording costs of website DeedandRecord.com to Legal Zoom and an attorney.
Post explains the meaning of titles to real estate in California
Joint tenancy defers costs to the future and can create problems today.
Joint tenancy is a low cost-estate plan. Probate is avoided on the first to die, but not on the death of the survivor.
A client’s goals and strategies cannot be properly determined without knowing how the real estate is titled and what will happen to the real property on the death of the client. If title is inconsistent with the client’s needs and investment objectives, the investment advisor should be able to make a recommendation on how to [...]