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The Importance of Estate Planning

You’ve worked hard over the course of your life to acquire your assets. It’s only natural that you would want to ensure that they safeguard your family’s financial wellbeing once you are gone. With estate planning in Ponte Vedra, you can establish your wishes as to how your assets will be divided.

It may be tempting to put off the seemingly morbid business of estate planning for something more pleasant. The fact of the matter is that this is one of the most practical actions you can take on behalf of your loved ones. Here are four major reasons why it is important for you to go ahead and discuss estate planning with Baron Bartlett, P.A.

  1. Estate planning is your opportunity to name who receives which of your assets and belongings.
  2. Your plan can specify who the guardian of your child will be.
  3. A firm plan will prevent disputes and legal actions between family members.
  4. With an estate plan, you minimize the tax burden on the inheritors of your wealth.

A detailed estate plan is a proactive and pragmatic measure for making things easier for your family. Once you have finalized your plan, you can rest assured that your family will be taken care of and that your final wishes will be honored.

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How a Title Company Benefits You

Whether you are purchasing a new home or office space, real estate deals are major commitments. The title company in Ponte Vedra Beach that you work with plays several key roles during the transaction and ensures that the process goes smoothly.

Essentially, your title company will act as the combined agent for the buyer, seller, lender, and insurance company to facilitate the closing of the transaction. In that capacity, your title company will review the property’s title, issue title insurance, and file all the relevant paperwork.

The title review process includes researching public records and preparing a preliminary report on the status of the property’s title. The primary purpose of this review is to confirm the property’s true owner and establish any liens that affect the property before the exchange of any money between parties.

If the title review goes well, the company will issue title insurance on behalf of an insurer. The title company also collects the necessary signatures from all parties involved and then files the completed paperwork with the county land records office.

After the transaction, the title company will collect and disperse all payments related to the real estate deal. In short, the job of the title company is to facilitate the real estate transaction and make sure that it satisfies all involved parties.