Buyer Trust Purchase Impact
Summary
The buyers decision to purchase property in trust for estate planning purposes generally does not affect the seller in Georgia. Ensure to review the entire agreement for any hidden obligations. Consult a local attorney for more details.Full Conversation
The buyers agent stated in the special stipulations of the purchase and sell agreement that “the buyer has the right to purchase the property in trust for estate planning purposes. Does this affect the seller in anyway? Or is that just about how the buyer is purchasing the home? This property is in Georgia.
Is there any clause in the agreement that puts any obligation or liability on the seller due to this trust purchase?
In general, how the buyer purchases the property doesn't affect the seller.
No other obligations were listed. Just this statement in special stipulations
In Georgia:
- The buyer's decision to purchase in trust typically doesn't affect the seller.
- Ensure to review the entire agreement for any hidden obligations.
For more details, consult a local attorney.