That would be the purchase of an interest in real property.
That would be the purchase of an interest in real property.
That would be the purchase of an interest in real property.
That would be the purchase of an interest in real property.
That would be the purchase of an interest in real property.
Yes.
Seems like a perfectly legal situation.
An heir to an estate that is in probate can receive an "advance" against his or her beneficial interest in the estate. Because the "advance" only affects that heir's share, it can be done without the consent of the other heirs. Most of these transactions are structured as purchase agreements, not interest bearing loans. The advances are also "non-recourse" meaning that if the heir does not inherit enough to pay off the advance, the heir has no legal responsibility to repay it.
The heir to the throne of the UK is normally called the Prince of Wales.
One alternative term for a female heir is "heiress".
The "estate" or the heir. But the heir's responsibility is limited to the amount of money in the estate. In other words, the heir does not become responsible for all the debts personally as if they were his own. The estate, but not the heir. The heir has no liability for the debt - the debts might only go to reduce the amount the heir might get.
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.
If the great-grandfather is legally and medically competent and in control of his faculties, the fact that one might be an heir to his estate if he were to die does not confer any right to control his actions. Unless he is judged by a court to be incompetent, a heir cannot stop a property purchase simply by reason of being an heir. However, if there is fraud, anyone can raise the issue of legality and try to stop the transfer. If the police and courts agree, they might succeed.
quit claim deed prevails
Yes, if one heir wants to sell and the other doesn't, the other must buy out the first heir or that heir can file a petition to sell the property in the probate court. See related question link.
The mean of heir to heir means one heir from a family to another heir of the same family.
anney bonnyA heir, rabbit