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As a general rule, as children get older, they solve problems less often and less effectively.
Deed
A legal document that represents the ownership of property, transferring it from one party to another.
Mortgage
A loan specifically designed for the purchase of property, in which the property itself serves as security for the loan.
Lease
A contractual agreement by which one party conveys property, land, services, or goods to another for a specified time, usually in return for a periodic payment.
Escrow Agent
A neutral third party who holds assets or documents in trust until certain conditions are met and then facilitates the transfer of these assets or completion of legal obligations.
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