OWM Blog – What is a Special Needs Trust?

Special needs trusts (also known as “supplemental needs” trusts) are an important component of planning for an individual with a disability. A special needs trust allows a disabled beneficiary to receive inheritances, gifts, lawsuit settlements, or other funds and yet not lose his or her eligibility for certain government programs, such as Medicaid or Supplemental Security Income (SSI). Special needs trusts are drafted so that the funds will not be considered to belong to the beneficiary in determining his or her eligibility for public benefits. …

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Title Insurance and Title Reports: Don’t Be Afraid to Ask Questions

title insurance

As previously indicated, some of the attorneys at OWM Law (including yours truly!) are title agents for Fidelity National Title Insurance Company. In addition, we have a Title Coordinator and Title Assistant whose number one priority is helping the attorneys and their clients with real estate transactions, title searches and closings, conveyancing, etc. We provide “added extra value” to our real estate buyer clients by also providing them with title insurance, and conducting real estate closings. We utilize the same title insurance premium rates that all other licensed title insurance agents apply, while, at the same time, being more than competitive with all of the other real estate closings costs (i.e. notary fees, document preparation, fax transmissions, wire costs, etc.). During the course of our legal representation of real estate buyers, and the provision of title insurance, we provide the client/title insurance customer with a Title Insurance Commitment (i.e. title report). We encourage our clients, and title insurance customers, to feel comfortable to ask any and all questions that they have regarding what is usually the biggest purchase in their lives (i.e. their home or a real estate investment). Amazingly, a lot of real estate buyers never ask us anything about the title report.

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