.) , right to convey (the right to sell the whole of the interest recited in the deed, and not just a partial owner, for example), freedom from encumbrances (no liens, undisclosed leases, or other claims) and defense of title as to all claims (a promise to sue other people to clear up the title if the warranties are broken).Usually (but not always) the language with the warranties will be near the end of the deed, and will say something like, "And we do, for ourselves and for our heirs, executors, and administrators, covenant with the Grantees, and the Grantee's heirs and assigns, that we are lawfully seized in fee simple of said premises..."

You, as the plan administrator is responsible for all record-keeping and accounting.

Additionally, they seem to have a good degree of knowledge about the process (I can't speak to their knowledge of actually investing in assets or prohibitive transaction issues as I haven't asked and plan to conduct my own investigation if I am ever worried).My only concern is that it almost seems to be one guy running the show (not true, there are 2 head people and 4 other people that handle operation and administration on the back-end), so I worry about "key man risk."

I'm 23 going to school at Dixie State for business administration.

The plan specifies "Participants and beneficiaries can obtain, from the plan administrator, without charge, a copy of the plan's procedures governing Qualified Domestic Relations Orders."

If the IRS did come asking questions about this, the 3rd party administrative mistake would be accepted as such, and you should not be at risk of a prohibited transaction.

Hello fellow BPers.  I have been a long time reader of these forums and have picked up a tremendous base of knowledge from you, my colleagues, on this forum.  I am mostly a passive investor, and so have not had a real...

The one caveat that has already been mentioned is if you leave (or lose) your job you must pay the loan back within about 60-90 days, depending on your pan administrator's rules.Happy hunting!

If you or any co-applicant withdraws an Application or notifies us that you've changed your mind about renting the dwelling unit, a $250.00 Administrative Fee, AND a daily rate of the proposed rent calculated from the date the application was submitted shall be forfeited to Liberty Management, Inc. and/or Landlord from the Application Deposit.

Original signed documents will pass the sniff test, deposit that cash immediately in the LLC account, the deposit slip can be annotated on the back as to what rents were paid.Being consistent in your record keeping is critical, might be that attorney simply thought the administration would be too much for you and advised you not to accept cash making your life easier, but s/he still needs to explain.Get with your accountant too!