No. The grantor on a quitclaim deed transfers ownership to the grantee by virtue of the deed. The grantee is the new owner until they transfer the property to someone else by executing a new deed.
No. The grantor on a quitclaim deed transfers ownership to the grantee by virtue of the deed. The grantee is the new owner until they transfer the property to someone else by executing a new deed.
No. A quitclaim deed is effective as soon as it is executed by the owner (grantor) and delivered to the new owner (grantee).
No. The warranty comes from the grantor.
it remains a grantor trust
aT DEATH OF THE RESPONDENT
An estranged husband is married and he has all the rights of a surviving spouse if his wife dies. He will inherit an intestate estate according to the laws in the jurisdiction. He will become the sole owner of any property owned by survivorship with his wife if she dies.
Revoking a trust means it goes back to the grantor. Who is, in your example, deceased.I trust (no pun intended ... well, maybe a little bit) you see the problem here.Essentially, the distinction between a revocable and irrevocable trust vanishes when the grantor dies.
The grantor has no interest in the property once they convey it. Their death has no bearing on the question. At the time of the conveyance the parties should decide what they want to happen to the property upon the death of any of the grantees. If they hold title as joint tenants with the right of survivorship, the interest of any co-tenant who dies automatically passes to the other co-tenants. If they hold title as tenants in common, the interest of any co-tenant who dies will pass to their beneficiaries under their will or to their heirs-at-law according to the state laws of intestacy.
No. The Power of Attorney expires on the death of the grantor.
The power of attorney has no rights after the death of the grantor.
A power of attorney is no longer effective after the grantor dies.
In New York State, a life estate expires upon the death of the life tenant. The property will then typically revert back to the remainderman or the owner of the future interest as specified in the life estate arrangement.
You need to consult with an attorney who specializes in probate and real estate law in your area. Deeds recorded after the death of the grantor can create title problems. There may be different practices in different jurisdictions. A title company may require some declaratory action to quiet title before it will issue any policies on the property. That means the expense of a court action that results with a court order recorded in the land records.
No. Not unless the trustor made that reverter a provision of the trust.If a grantor transferred their property to a trust and reserved a life estate, the life estate continues even if the beneficiary of the trust dies. There should be a provision in the trust that directs where the property should go in the case of the death of the sole beneficiary. This is a good example of the need for an expert to draft any trust.You need to review the terms of the trust to determine how the trust property will be distributed. If the trust doesn't address this issue then it may need to be addressed by a court.