Situation to Be Avoided: Unidentified Property Ownership After a Loved One’s Passing
A client purchased a condominium directly from a developer, signing her Sale and Purchase Agreement at our office. Tragically, a year later, her husband came to us after she passed away in an accident, with little information on the property she had bought. All he knew was that she mentioned our firm once, and he had no further details on the property.
This highlights the importance of perfecting property ownership and ensuring clear documentation for loved ones. Many people are unaware of the consequences of not fully establishing or sharing property ownership details. Taking proactive steps can prevent confusion and protect your family’s rights and interests in unforeseen situations.