It is a common misconception that estate planning only involves putting one's affairs in order, so that their estate can be properly dispersed when they pass away. However, estate planning also includes arranging one's estate to ensure that they have proper claim to their assets while they are living.
There are many different types of legal documents that individuals must legally set up when owning property including a deed. A deed is a document that establishes legal ownership of property.
In order for a deed to be valid certain conditions must be meant including: