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What happens if both parents have died and there is no will and no property deeds?
Wiki User
∙ 11y ago
If there is no will then in most places the holdings will have to go through probate court, and unfortunately that can be a lengthy process. During the time that probate court is making its determination, any number of things can go wrong with investments, and potential heirs will be powerless to change the assets. There is not much that you can do about that now, and there is a chance that the probate court in your area will be able to move reasonably quickly.
Deeds are usually recorded by the state, and as far as I am aware the recorded deeds would take precedence in the case of disputed ownership anyway, so not being able to find your parents' copies of deeds is probably not going to be a major isdsue. Check around with the county offices that oversee the properties.
Wiki User
∙ 11y ago
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How do you find property line when there is a shared abutment?
The first thing you should do is to review both property deeds to determine if the property descriptions answer your query.
What happens to the house when both parents die and a sibling is living at the property?
The property goes into the estate and distributed. It is possible that it could be inherited. Most likely it will need to be sold and the proceeds divided between the children.
Both parents die with property in tenants of entirety do heirs receive the property?
Yes.
Is a deed used in both real property and personal property?
Deeds are the legal instruments used to transfer ownership of real property. Ownership of some personal property is done via certificates such as Certificates of Title for transferring title to motor vehicles.
Is the word deeds a verb or noun?
The word 'deeds' is both a verb and a noun.The word 'deeds' is the third person singular present of the verb to deed: He deeds the land to his son in his will.The word 'deeds' is the plural form for the singular noun deed: The deeds to both properties are in our safe.
If both parents die and a child is on the deed to their property does the child have to pay inheritance tax on this property?
No. If you owned the property in a joint tenancy with the right of survivorship their interest in the property "disappeared" at death and the property belongs to you alone.
Do spouses have to sign deeds in nc?
Any owner of real property must sign a deed in order to transfer title to a new owner. If both spouses own it then both spouses must convey it.
What is the difference between house deeds and land registry?
House deeds are legal documents that outline ownership and transfer of property rights, while the land registry is an official record of land ownership maintained by the government. House deeds provide detailed information about a specific property, such as boundaries, easements, and any restrictions, while the land registry is a centralized database that stores information on all land and property ownership within a jurisdiction.
Can your parent's home be sold if they have a survivorship deed and both are still living?
No, the property cannot be sold without the consent of both parents on the survivorship deed. The survivorship deed means that the property automatically passes to the surviving parent upon the other's death, but both parents must agree to any sale during their lifetimes.
Difference between a special warranty deed and a general warranty deed?
Both general warranty deeds and special warranty deeds can be used for real estate sales where a property is transferred between parties unfamiliar with each other. The difference is the extent of the coverage of the warranty.
Unmarried couple both names on deeds only one pays the mortgage?
Unmarrie couple both name on deeds the mortgage is on his name
What happens if you get emancipated from both my parents and want to move in with my stepmom and something bad happpens like my parents trying to get me?
if youre emancipated from your parents they have no legal grounds to detain you.
