Your 207 Title Company
Real Estate Closings and Title Insurance
Purchasing or refinancing a property can be a long and sometimes difficult process for the consumer. Cumberland Title knows you've worked hard for your client to get them through the paperwork and headaches. So we'll take it from here. We'll work hard to ensure the closing is timely and correct.
How Does It Work?
Cumberland Title receives the request for service – the "go ahead" – and we begin by searching the title (about a week). We then prepare the commitment and send it to the bank/broker. Once they give us the "clear to close," the settlement statement will be created and approved, and the closing can be scheduled. From beginning to end, the process could range from a few weeks to a few months, depending on the complexities of that particular transaction. Remember, Cumberland Title represents the lender in this process, but we will of course answer questions you might have and aid in resolving disputes that may arise during the closing process.
Estate Planning Services
Regardless of how much or how little money you have, yes, you DO need an estate plan, and Cumberland Title can provide these for you. Estate plans consist of a will, a power of attorney, and an advanced health care directive. Without these documents, the decisions regarding your assets and personal care may be left up to a state court.
A WILL is a legal document that names a personal representative to manage your estate. It will ensure that whatever personal belongings and assets you do have will go to the family or beneficiaries you designate.
If you have children, a will ensures that you get to choose your children's guardian. If you die suddenly without a will, you'll be subjecting your family and loved ones to confusion and anxiety at what is already a difficult time. This also may result in a much longer and more costly settlement process, and may even cause litigation among family members.
A POWER OF ATTORNEY (POA) gives another person the authority to act on your behalf. This means that if you were suddenly unable to handle your own affairs, someone you trust could do so for you.
Finally, an ADVANCED HEALTH CARE DIRECTIVE, also known as a living will, is a set of instructions given by you specifying what actions should be taken in the event that you are no longer able to make decisions due to illness or incapacity. It appoints a person to make such decisions on your behalf. In addition, this legal document can contain your wishes concerning such matters as life-sustaining treatment, organ donation, and your funeral.
Estate planning is not just for the wealthy or the retired. It is also easier and less expensive than most people think. Please contact Matthew J. McDonald, Esq., with any questions you may have and to schedule your estate planning appointment.