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Several heir want to transfer their interest in a house to another heir but one of the heirs does not?
Wiki User
∙ 14y ago
The heirs who want to transfer their interest may do so by a quitclaim deed or deeds. The one who does not want to transfer her interest can retain it.
For example, if Jan, Sandy, Judy and Bob inherited property together Jan and Sandy could transfer their interest to Bob. Bob would then own a 3/4 interest and Judy would own a 1/4 interest. They would need to come to some agreement about expenses. Judy would need to pay a portion of such expenses as insurance, maintenance and taxes since she retained an ownership interest in the property. Judy and Bob would each have the right to the use and possession of the property.
Wiki User
∙ 14y ago
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Can heirs transfer title of house to deceased father's wife?
Yes. They sign a deed conveying their interest in the house to the wife.
Can a joint tenant transfer their interest in their property to a trust in California?
Yes. However, you should discuss your plan with an attorney and note that by making a transfer of your interest you will extinguish the survivorship aspect of your ownership. If the other tenant dies their interest will pass to their heirs and not to you as the surviving joint tenant.
Argued that the common law doctrine nemo that quod non habet admins of non exception?
This is the doctrine in Property Law that a landholder whether he be the owner of an interest in a freehold or non freehold estate can only transfer the interest that he has. For example, if a landowner owns an interest in fee simple absolute, he can devise, transfer (or his heirs will inherit) his entire estate. On the other hand, if he were to transfer a lesser quantum than his interest in fee simple, for example a life estate, then he would maintain the reversionary interest at the natural termination of that estate.
Is it legal to sell willed estate without 2 of the heirs signing in New Jersey?
No. All heirs to an estate must sign for a valid transfer of the property. If the Heirs are missing there will be a method by which a court can appoint someone to sign for the lost or missing heirs.
Is there any extinguishment of a joint tenancy when one co-owner kills the other co-owner?
Yes. Generally, under the law, a person cannot benefit from the murder of another person, especially by inheritance or the automatic passing of an interest in a joint tenancy. It is likely that the victim's interest in the property would pass to their heirs at law under the state laws of intestacy. Those heirs may be able to sue the co-owner in a court of equity for their interest in the property. You should consult with an attorney who can review the situation and explain your rights and options.Yes. Generally, under the law, a person cannot benefit from the murder of another person, especially by inheritance or the automatic passing of an interest in a joint tenancy. It is likely that the victim's interest in the property would pass to their heirs at law under the state laws of intestacy. Those heirs may be able to sue the co-owner in a court of equity for their interest in the property. You should consult with an attorney who can review the situation and explain your rights and options.Yes. Generally, under the law, a person cannot benefit from the murder of another person, especially by inheritance or the automatic passing of an interest in a joint tenancy. It is likely that the victim's interest in the property would pass to their heirs at law under the state laws of intestacy. Those heirs may be able to sue the co-owner in a court of equity for their interest in the property. You should consult with an attorney who can review the situation and explain your rights and options.Yes. Generally, under the law, a person cannot benefit from the murder of another person, especially by inheritance or the automatic passing of an interest in a joint tenancy. It is likely that the victim's interest in the property would pass to their heirs at law under the state laws of intestacy. Those heirs may be able to sue the co-owner in a court of equity for their interest in the property. You should consult with an attorney who can review the situation and explain your rights and options.
Can an executor of a will who is a husband of one of three heirs transfer property to himself as long as the othr two heirs get their part of the appraised value?
It is common for one heir to buy out the others on property. As long as everyone is in concurrence with the transfer, no problem.
What happen to property when a heir can not be find?
When a person dies owning property and there are no known heirs the property 'escheats' to the state. If one of several heirs can't be found their portion can be placed in an interest bearing account supervised by the court. If there is real property involved the executor must obtain a license to sell the real estate and the missing heirs portion can be placed in an account as stated above.
Who are the heirs and assigns on a quit claim deed?
The words heirs and assigns in a deed mean the conveyance is in fee simple which is absolute ownership. The grantee can transfer the land to a new owner (assigns) or, if she dies while owning the land, it will pass to her heirs by her will or by the laws of intestacy if there is no will.The words heirs and assigns in a deed mean the conveyance is in fee simple which is absolute ownership. The grantee can transfer the land to a new owner (assigns) or, if she dies while owning the land, it will pass to her heirs by her will or by the laws of intestacy if there is no will.The words heirs and assigns in a deed mean the conveyance is in fee simple which is absolute ownership. The grantee can transfer the land to a new owner (assigns) or, if she dies while owning the land, it will pass to her heirs by her will or by the laws of intestacy if there is no will.The words heirs and assigns in a deed mean the conveyance is in fee simple which is absolute ownership. The grantee can transfer the land to a new owner (assigns) or, if she dies while owning the land, it will pass to her heirs by her will or by the laws of intestacy if there is no will.
Can you will interest to your heirs in a tenancy in partnership?
No. A tenancy in partnership is like a joint tenancy. If you die your interest automatically passes to the other partners.
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.
Can an heir buyout other heirs while estate is in probate?
If real property is involved the estate must be probated in court in order for legal title to pass to the heirs. Once the estate has been probated, the heirs can convey their interest in the real estate to whomever they wish. The property could also be sold by the court appointed administrator of the estate by a license to sell real estate issued by the probate court.
One party is deceased on warrenty deed. Right of survivorship not stated on deed. How can surviving party transfer interest?
Most likely probate court will need to make a determination. They will want to find any heirs of the deceased and determine an equitable way to divide the assets. Most likely, if you are not the heir, you will need to purchase the deceased share from the estate before you can sell it.
