inheritance
Inheritance Rights Of Spouses
Q: Our dad quit claimed a family cottage to his three kids in 1994. He died in 2000. Two of the kids are married, one is not. Are the spouses in any way entitled to a share of the cottage …
How Does Probate Work Without A Will?
Q: What happens, if a person passes away and no one files probate because the estate has no assets? Do any of the deceased relatives become liable for taxes owed by the person that died? Would the relatives have to …
Who Is Responsible For Mortgage On Inherited Condo?
Q: I inherited a condominium in Naples, Florida from my parents. The property has a mortgage of $200,000 and is worth about half that much. My parents owned it with my uncle and his wife, who are still alive, so …
Estate Planning: Dividing Assets Between Adult Siblings
Q: My parents died and had a will in place. I would like to know what option we have to sell the assets of my parents’ estate and dividing the money among the siblings. They died over two years ago, …
When Is Probate Not Necessary
Q: My father passed away a year and a half ago with few assets other than his home. I am executor of his will. He left me his house and all his personal effects but the will stipulated that his …
Pay Off Lien On Inherited Property
Q: I am co-trustee of my mother’s estate. I was informed by my mom’s mortgage company of the debt, $4,000.00 and that there is a lien on the condominium. I would like to settle the debt but the lender has …
Real Estate Appraisal: How much is too much?
Q: I recently sold a property in Texas to my aunt. This was a one-sixth undivided interest in a family farm. My brother owns another one-sixth. We received these pieces of property when my mother passed away a year ago. …
Set Up A Trust For Real Estate To Protect Ownership of Home
Set up a trust for real estate to protect ownership of home for inheritance by beneficiary. Protect ownership of a home for beneficiary upon inheritance by setting up a trust for real estate. A real estate trust can protect ownership of home for inheritance by beneficiary. Consult with a real estate attorney on how to set up a trust for real estate and protect ownership of home for beneficiary and inheritance. Estate planning includes inheritance issues like protecting ownership of home for beneficiary by setting up a trust for real estate.
Options for Refinancing Mortgage on Inherited Property
Weigh your options for refinancing mortgage on an inherited property. When refinancing an inherited property, consider your options. If you have inherited a property and are considering refinancing the property, consult a real estate attorney. The real estate attorney knows the best options for refinancing a mortgage on the inherited property. With an inherited property, a real estate attorney can help change the names on loans and properties.
Quit Claim Deed to Protect Parent’s Assets
Use a quit claim deed to protect your parent’s assets. A quit claim deed can help protect your parents assets when they can no longer handle their assets. To protect your parent’s assets with a quit claim deed, one of your parents must be able to sign a quit claim deed. If your parent can’t sign a quit claim deed, there are other ways to protect your parents’ assets. When your parent signs a quit claim deed you can sell their home. Another way to protect your parents’ assets is to establish guardianship and get power of attorney. Use a quit claim deed, establish guardianship or get power of attorney to protect your parent’s assets.
