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What happens to a piece of real estate when the parents have died there are three siblings and one has signed a quit claim deed?
Pandas3
Based on the terms used I will assume the question pertains to real estate in the US. A few things are important. The prior owners who have died may have a will, a trust or they died without providing a will. Depending on how the title was held plus any provisions made prior to death which details the three siblings' possible claim to the property.
Second, the quit claim deed is mostly to let a specific person, the one signing the quit claim deed to wave any possible rights they might have had in the property. Such a deed makes no claim about any rights that the individual had, just that they are waiving all possible rights if any rights or claims happened to have existed. Denying any future interest rather than making any statement about what might have been true prior. Back to the specific question asked. The quit claim does not establish who has a claim. It will only clarify who does not have a claim if the documents is valid. In this case the quit claim confirms 1 no longer has any interest or legal claim while it the situation for the other 2 siblings is not addressed by the quit claim. Speak to a real estate attorney to get specific advice as to the present ownership of the property and if probate or other means will be needed to transfer ownership.
Wiki User
∙ 16y ago
Wiki User
∙ 13y agoIt depends on state law, but in most places, someone who dies intestate (without a will) has their property pass to their descendants per stirpes, that is, equal shares to each branch of the family. If all the branches but one explicitly disclaim their shares, presumably the entirety would go to the one who did not. You might want to check with a local lawyer, though.
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When senior dies are siblings responsible for any outstanding debts?
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If your parents have signed over their house to you but have lifetime use can they still pay for repairs?
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Are adult children responsible for deceased parents debt in Minnesota?
Not unless they co-signed for the debt. The estate is responsible for any remaining debts. If there is not enough in the estate to cover them, someone will not get paid.
Are siblings responsible for deceased sibling's debt?
No, not unless they have signed a joint mortgage (you borrowed money jointly) with the deceased sibling.A dead person's debts are settled out of the person's estate. If the estate does not have enough money to settle the debts then they "die" with the person.
In a California probate matter what happens to any signed contracts for payment by the decedent?
The other party to the contract can make a claim against the estate.
What happens if a sister diesand she has a brother left but doesn't live with her is he liable for her debt?
Not unless he co-signed for things with her. The debt is the responsibility of the estate.
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Are children responsible for deceased parents credt card debts?
Children are not responsible for their parents debts unless the co-signed for them. One of the primary reasons someone should open an estate is to resolve debts. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
What happens when a promissory note is signed by two people and one dies?
The deceased's estate acquires the power to enforce, or the responsibility to pay, the promissory note.
What happens if you owe more than your estate is worth?
If you have a Will there will be a statement saying that "all of my debts are to be paid." Each creditor puts in a claim. The estate is divided among them. Your survivors don't have to pay them unless they co-signed.
Your mother before she died signed over the deed to her home in Colorado to your 2 siblings and you are selling house and your executrix sister says we will pay estate taxes on this sale is this true?
Your sister may not be correct. You should contact the attorney who is handling or who handled the estate and direct your question to her.
