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Can you sell your part of the property if more than one person owns?
Wiki User
∙ 15y ago
Yes. If you are a co-owner of real property as a tenant in common or joint tenant you can sell your INTEREST in the property if you can find a buyer who wants to share ownership with your present co-owner. If you own an acre of land with another person you would be selling a 50% interest in the one acre parcel. You would not be selling a half-acre portion. A problem would arise if the property is held as tenants by the entirety. In some states one tenant by the entirety cannot sell their interest in the property to a third party. In some states a deed from one tenant by the entirety creates a peculiar and undesirable relationship between the grantee, the tenant by the entirety who still has an interest and the tenant by the entirety who conveyed their interest.
Wiki User
∙ 15y ago
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What takes precedence - a will or life estate deed for real property?
Your question does not contain enough detail. You can add more details on the discussion page. If a person conveyed their real property by deed while living then the property cannot become part of their estate after their death. If they granted a life estate, that person owns the life estate for the duration of their natural life.
Do deeds super cede wills?
If a person who owns property conveys it by deed before their death and they bequeathed the same property to someone else in their will, the deed prevails. If the property was already conveyed to someone else the property was not part of the estate assets when the testator died.
What is considered estate?
An estate includes everything that a living person owns - from physical possessions to financial accounts. Everything from clothes, jewelry, art, vehicles, antiques, homes, land, cash, checking and savings accounts, retirement accounts, life insurance, stocks, bonds, and more is considered part of a person's estate.In another sense an estate is all the property a person owns at the time of their death. It would not include any property owned as joint owner with the right of survivorship with another. This differs from the living estate which would includejointly owned property.
What do time shares do?
Usually a resort type location, a time share is a piece of property that several people have partial ownership of. Every person who owns a part of that time share can use the property for purposes such as vacationing or renting it out to other travelers.
Can a property deed be protested based on a will?
No. If an owner conveyed property prior to their death then the property cannot become part of their estate. You can only give what you own. The property is gone and someone else owns it.
What is condidered an estate in a will?
An estate in a will typically refers to all the assets and liabilities that a person owns at the time of their death. This can include property, investments, bank accounts, personal belongings, and debts. The estate is distributed according to the instructions set out in the will.
Is money personal tangible property?
Money is considered personal property and personal property is part of a person's estate.
If a person is floating on the river through someones property is it trespassing?
It depends on if the person who lives by the river owns part of the river along with her property. Usually they just live by the river and they don't own any part of it. The sides of a water way which connects to bodies of water are not owned by the land owner. For instance i could walk all along a river but if i ventured off the banks 2 far id be trespassing.
Is a will any good if the items in it at the date of death of the owner were items they no longer had Does it give them rights to the current house and items?
If a person disposes of property during her life that property is no longer part of her estate at the time of death. If the house was conveyed then the grantee now owns it. Depending on the circumstances the personal property may be in the decedent's estate especially if they were still living in the house at the time of death. You should speak with an attorney to sort out what property can be considered part of the estate.
Who owns an item that is given before death but then upon death is bequeathed in their will to someone else who is already dead?
A will doesn't become active until the testator has died. The testator is free to give away property while living. Only property owned at death can pass under the will. Many people don't update their wills. If the property was given to someone during the life of the testator then it can't become part of the estate. In this case, the testator may have given the property away because they new the person who was to receive it by the will had already died. The recipient of the property owns it.
Can you offer a Jehovahs Witness money to remove a tree from a property they are renting?
That is strickly a business issue between the person who owns the property and the Jehovah's Witness. I am not sure why the matter of the person's religion comes into the picture, but evidentally the asker of this question is not sure if somehow the religious beliefs have an effect on the situation. The answer is that unless there is some other part of this that is not stated in the question, the Witness should have no objection to being hired to perform a service, such as removal of a tree from a property, as long as the owner of the property is involved in the transaction.
Does a property deed override a will in new york?
A deed to a property specifies who owns the property. If the property belonged to someone who has died then the property (and the deed to it) become part of the dead persons estate. What happens to the estate is determined by the dead persons will. In view of this it is unclear what you mean by a property deed overriding a will - your question makes little sense.
