Easily Hide Advanced Field into the Real Estate Contract

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How to Hide Advanced Field into the Real Estate Contract

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[Music] can you use a trust to hide your identity or assets hi im daniel hunt im a certified specialist in estate planning trust and probate law this is a frequently asked question we hear from our new estate planning clients so today im going to share how trust can be used to hide your identity and assets but first you may be wondering why would you want to hide your identity your assets some of our moderately well-known clients want to protect their privacy especially when it comes to purchasing real estate celebrity home buyers may wish to remain anonymous to avoid being gouged on the price of their real estate a celebrity may also wish to protect their home from fans or detractors an actor or musician may not like the idea of the general public being able to identify their home address with a simple title search celebrities also tend to have larger states to protect and may want to hide assets from predators so those are some common reasons clients want to protect their privacy

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What five 5 elements are necessary to create a valid and enforceable real estate contract?

Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.

What are the 4 essential elements of a contract?

The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

What are the 4 essential elements of a contract in real estate?

Essential Elements of a Real Estate Contract The identity of the buyer and of the seller. A sufficient description of the real property to be sold. The sale price, or consideration to be paid for the real property by the buyer. The amount of any earnest money deposit to be paid by the buyer.

What are the 5 essential elements of a contract in real estate?

Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.

What are the 4 factors a valid contract is based on name all 4 and describe one of them?

The Nature of a Contract To be legally enforceable, an agreement must contain all of the following criteria: An offer and acceptance; Certainty of terms; Consideration; An intention to create legal relations; Capacity of the parties; and, Legality of purpose.

What are the 4 essential elements of a valid contract real estate?

First, it must include a valid home purchase agreement in writing. Second, the contract must contain an offer from the buyer and an acceptance from the seller. Third, the purpose of the contract must be legal. Finally, it must include an exchange of things that have value, like money for property.

Which of the following elements is always required for a real estate contract to be valid?

The contract must be in writing and there must be an offer and an acceptance of said offer. In order for a real estate contract to be enforceable by law, it is required to be in writing.

Why is careful attention to detail required in the preparation of a real estate contract?

Careful attention to detail is required because the contract is the primary controlling document in a real estate sale transaction. It follows the negotiations of the parties and, it is hoped, captures their agreements in writing.

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