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Can a testator pass on his beneficial interest in a property without having legal title to it?
Wiki User
∙ 12y ago
Depends on the type of interest and what the Trust documents say.
Wiki User
∙ 12y ago
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How can you win a case in which property was sold without you being included as an heir to the deceased?
If you own an interest in property as an heir and the property was sold without you joining in. You still own your interest.
Does name on title deed override will?
If the property was in trust when it was granted, then the deed would override the trust because the trustee no longer controls it. Similarly, if your will says your children get your house, but you sell it before you die, then the deed overrides the will. but if the trust was not dissolved and a will is processed when the person dies who has the right to the property . the trustee of the living trust or the administrator of the will
Can a co owner gift a property without the consent of other co owners?
The co-owner can only transfer their own interest in the property. If there are four owners the interest of one would be a one-quarter interest. A co-owner can transfer their own interest in the property without the consent of the others.
Can I refinance a jointly owned home without the consent or signature of the other person who jointly owns the property and is also on the deed?
You can only encumber your own interest in the property. You cannot affect the co-tenant's interest in the property without their consent.
What is an act of independent significance?
An act of independent significance is a doctrine in the law of wills under which a testator may effectively change the disposition of his property without changing the text of the will.
Can on a jointly owned property be changed without the other owner's signature?
You cannot make any changes to the other owner's interest in the property without that owner's consent and signature. For example, if you sell the property the grantee will only receive your own one-half interest.
Can you sell a house without the co owner's permission?
No. If two people own the property and one gives a deed they will only convey their own half interest in the property. You cannot sell another person's interest in the property.
Can a person with a life estate use the property a collateral for a loan without the permission of the remainderman?
Yes, they can use their interest in the property as collateral. But remember that is a limited interest and must be disclosed to the lender.
How can you protect your house or car from a lien holder?
The person has a lien because they have a legal financial interest in the property. That makes 'protecting' the property very difficult without either purchasing their interest from them or having their interest removed through bankruptcy.
Can you sell a house without the co-owner's permission?
No. You cannot sell what you do not own. You can only sell your own interest in the property which is likely a half interest.No. You cannot sell what you do not own. You can only sell your own interest in the property which is likely a half interest.No. You cannot sell what you do not own. You can only sell your own interest in the property which is likely a half interest.No. You cannot sell what you do not own. You can only sell your own interest in the property which is likely a half interest.
In Pennyslvania can one heir mortgage heir property without other heirs agreement?
A single heir can only mortgage their interest in the property. For example, an heir with three other heirs only owns a 1/4 interest. Most lenders will not loan money on a proportionate interest in real property.
What is the advantage of a secured line of credit?
The advantages of a secured line of credit is that one will get a lower rate of interest as the credit is secured against a property or business. It can also be beneficial to businesses as it is continually available without the need for re-applying each time an expense or opportunity occurs.
