Death escrow? MBE
Posted: Thu Jul 19, 2018 11:39 am
I feel like I've seen death escrow both ways on the MBE. That it's a valid transfer, and other say its not a valid present transfer. Any ideas?
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If the grantor retains control over the deed, i.e., has the ability to recall or revoke the deed or otherwise to cancel the conveyance, then it is not a valid transfer. It can only be valid if the conveyance is irrevocable and beyond the control of the grantor.CLSGumbo wrote:I feel like I've seen death escrow both ways on the MBE. That it's a valid transfer, and other say its not a valid present transfer. Any ideas?