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Can a daughter claim an interest in her parents' property when her mother dies and her father is getting a reverse morage?
Wiki User
∙ 12y ago
That all depends on how the property was titled. If your parents owned the property by a survivorship deed your father is now the sole owner of the property and he can grant a reverse mortgage if he so desires. You would have a claim to some proportionate interest only if they owned the property as tenants in common and your mother didn't leave her share to your father in her will. You would have no interest if the property was marital property and your parents live in a community property state.
If you have questions you should consult an attorney in your jurisdiction who can review the situation and explain your rights.
That all depends on how the property was titled. If your parents owned the property by a survivorship deed your father is now the sole owner of the property and he can grant a reverse mortgage if he so desires. You would have a claim to some proportionate interest only if they owned the property as tenants in common and your mother didn't leave her share to your father in her will. You would have no interest if the property was marital property and your parents live in a community property state.
If you have questions you should consult an attorney in your jurisdiction who can review the situation and explain your rights.
That all depends on how the property was titled. If your parents owned the property by a survivorship deed your father is now the sole owner of the property and he can grant a reverse mortgage if he so desires. You would have a claim to some proportionate interest only if they owned the property as tenants in common and your mother didn't leave her share to your father in her will. You would have no interest if the property was marital property and your parents live in a community property state.
If you have questions you should consult an attorney in your jurisdiction who can review the situation and explain your rights.
That all depends on how the property was titled. If your parents owned the property by a survivorship deed your father is now the sole owner of the property and he can grant a reverse mortgage if he so desires. You would have a claim to some proportionate interest only if they owned the property as tenants in common and your mother didn't leave her share to your father in her will. You would have no interest if the property was marital property and your parents live in a community property state.
If you have questions you should consult an attorney in your jurisdiction who can review the situation and explain your rights.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoThat all depends on how the property was titled. If your parents owned the property by a survivorship deed your father is now the sole owner of the property and he can grant a reverse mortgage if he so desires. You would have a claim to some proportionate interest only if they owned the property as tenants in common and your mother didn't leave her share to your father in her will. You would have no interest if the property was marital property and your parents live in a community property state.
If you have questions you should consult an attorney in your jurisdiction who can review the situation and explain your rights.
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What is the legal precedence between an earlier Partnership of children documenting equal interest in family property and the parents later Will directing interest in that same property elsewhere?
I have never heard of a partnership of children creating an interest in their parents' property. You need to provide more details. However, if the parents were the joint owners of the real estate by deed when the first one died, and had not transferred their interest by deed during life, then the property passes according to the provisions in the will of the surviving parent.
If parents sold an undivided interest in property to a son for a fair market value and the parents decide to sell can the son be forced to sell?
If you have an undivided interest in property you cannot be forced to sell by the co-owners. Only a court can force a sale. Your parents would need to petition the court to partition the property. The court would divide the property if possible. If not possible then the property would be sold and the proceeds, after legal costs, would be divided amongst the co-tenants. A partition proceeding can be costly. However, your parents could sell their interest in the property to a third party who would then become your co-tenant in common.
If parents die as tenants in common with sister-in-law as surviving tenant can she file to become executor of estate over surviving daughter who was in process of becoming executor?
The sister in law's status as a tenant in common does not give her any special advantage to be appointed as executor. The daughter should continue with her petition for appointment as her parents' heir. As tenants in common, the parents' interest in the property will not pass to the sister in law.
Are children responsible for maintaining deceased parents property?
If they inherited the property then they have a stack in the property and responsibility to uphold the standards of the community;Howerver, if they are not the property owners and have no interest in the property then, I would say they should not be held responsible.
If both parents die and a child is on the deed to their property does the child have to pay inheritance tax on this property?
No. If you owned the property in a joint tenancy with the right of survivorship their interest in the property "disappeared" at death and the property belongs to you alone.
What is mean by herditory?
a system in which the son/daughter get the parents tittle name property immediately after there death is called as herditory
You are on your parents deed can they take you off without your signiture?
No. You are a co-owner of the property. The only way your interest can be transferred back to your parents is by your executing a quitclaim deed.
What to do when parents are separated while daughter is getting married?
Me and my husband are seperated and we are having our daughter get married this next week..what to say or say anything at all?
In Idaho your parents own a home and property They are going to quitclaim that over to your daughter Does the Grantee have to be a certain age and does this put the property in your daughters name?
If your parents quitclaim their property to your daughter then she would own the property. If your daughter is a minor you should seek the advice of an attorney before allowing such a transfer. When a minor owns real estate a guardian must be court-appointed to handle any issues regarding the real estate. It could not be mortgaged or sold without the guardian's, and court's, consent. The parent's cannot automatically act for the child regarding real estate owned by a minor.
Can your daughter get married on virtual familys?
Your daughter can get married after the parents die......but during the time when the daughter is still in her parents house she can not.
Does imputed interest apply to a 150000 home mortgage having a 0 percent interest rate when the parents are the mortgagee and their son and his wife are the mortgagor?
Yes, this is know as a gift/loan. The parents are deemed to make the loan at market interest rates. The parents should report the amount of forgiven interest on their tax return. There is a gift tax issue because of the forgiven interest, but no tax is likely, unless the parents are making other gifts as well. The dad may give their son and daughter in law each $13,000 ($26,000 total). Mom may also give them each $13,000. Between mom and dad giving to son and daughter in law, they may give $52,000 annually in actual gifts or forgiven interest. however, if the gift is over $26,000, they will want to file form 709 to show gift splitting.
How does Juliet demonstrate that she is a dutiful daughter?
By lying to her parents and secretly getting married to a guy they don't approve of then smuggling him into her bedroom so they can have sex. Wait, the question was how Juliet demonstrates that she is a dutiful daughter, right?
