St. Louis Re-Titling

From time to time, real estate ownership title may need to be updated to reflect changes in the owner’s priorities or goals. Essentially, re-titling can arise in several circumstances, such as adding or removing a family member to or from the title of a property in the holder’s name. In other cases, a property may need to be re-titled when a trust is created to ensure that the asset is re-titled in the name of the trust. No matter what your reasons are for exploring the re-titling process in Missouri, you can trust that the dedicated and highly experienced legal team at Wallach & Associates, P.C. is fully prepared to guide you through each step with the clarity and understanding you need. Over the years, our real estate attorneys have represented clients throughout Missouri and helped them secure successful outcomes. We look forward to speaking with you and answering your questions so that you can move forward with greater confidence.

Common Situations That May Necessitate Re-Titling Property in Missouri

In many instances, re-titling is one piece of a solution to a broader strategy. When you work with one of our highly skilled and trusted real estate lawyers, we may use an approach that includes re-titling as part of the overall strategy that aims to help you achieve your desired outcome. Below are just a few scenarios when re-titling property may be necessary in the greater St. Louis and Chesterfield area.

Adding or Removing Family Members 

Family dynamics may shift over time, and a property owner may wish to update the title of the real estate they own to account for and align with these changes. For instance, you may want to add a family member (i.e., a son, daughter, brother, sister, or spouse) to the title of a property you currently own. Conversely, there may be a time when you would like to remove a family member from the title so that you can become the sole owner. This can arise during a divorce, as you may seek to re-title a property in your own name only. Or, if the property’s co-owner has passed away, you can request a re-titling of the property to be in your sole name. 

Re-Titling As Part of Forming a Trust

Trusts can be effective estate planning and wealth preservation tools for residents throughout Missouri. When you set up a trust, this legal entity assumes ownership of the assets placed within it. This means that when you place a real estate property into the trust, the title of the property should be amended to reflect that it is in the name of the trust (and not an individual). Whether you are about to set up a trust on your own or as a joint endeavor with your spouse, it’s worth consulting with an experienced St. Louis real estate lawyer to ensure that every detail is accurate and complete to minimize any potential complications or issues later on.

Setting Up a Beneficiary Deed

Sometimes, an individual wishes to leave a property in their own name while also wanting a certain person to receive the property upon their passing without the need for a lengthy legal process known as probate. This strategy can be accomplished by using a “Beneficiary Deed,” which allows the title to be left in the current owner’s name while declaring that the title will to be transferred upon that person’s death without the need for the formal probate process. Moreover, a Beneficiary Deed allows the primary owner to sell the property in the event that they change their mind at any point during their remaining years. If you are interested in learning more about Beneficiary Deeds and how they may be able to help you achieve your goals, we encourage you to get in touch with our office today to get started.

Our Commitment to Excellence 

At Wallach & Associates, P.C., delivering exceptional services to our clients lies at the heart of everything we do. Our client-centered approach allows us to understand your specific needs and goals so that we can determine the most strategic path forward. We recognize how real estate and titling issues can be confusing to navigate on your own, which is why we are fully prepared to partner with you and help you make more informed decisions with greater clarity and confidence. 

If you need help with re-titling real estate in the greater St. Louis area, please reach out to the dedicated and knowledgeable team of real estate attorneys at Wallach & Associates, P.C. at (314) 308-2900 to learn more about how we can assist you.