Collect Data For Legal Connecticut Estate Planning Forms For Free

Assignment means transferring any existing or future right, property, or debt by one person to another person. The person who assigns the property is called the 'assignor,' and the person to whom it is transferred is called the 'assignee. '

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An assignment transfers all the original mortgagee's interest under the mortgage or deed of trust to the new bank. Generally, the mortgage or deed of trust is recorded shortly after the mortgagors sign it, and, if the mortgage is subsequently transferred, each assignment is recorded in the county land records.

Assignment refers to the transfer of some or all property rights and obligations associated with an asset, property, contract, etc. to another entity through a written agreement. For example, a payee assigns rights for collecting note payments to a bank.

1) A Will states your intentions for distributing your property. If you don't provide an accompanying Living Trust, a Will must go through probate in court, where a judge will decide on distributing the assets. 2) A Living Trust is a legal ?bucket? into which you place assets, controlled by a Trustee.

Connecticut does not require a will to be notarized to be valid. However, if the testator and witnesses sign the will in the presence of a notary who then notarizes the will, it is considered a self-proved will and there is no need to prove the will during probate, thereby speeding up the probate process.