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Why do a quick claim deed if you already inherited the proprty after the owner dies?
Wiki User
∙ 13y ago
You are not required to record a deed. If the estate was properly probated the probate process passed legal title to you and probate records are part of the public record of real property ownership.
Some bankers who do not understand title theory will insist you record a deed before approving a new mortgage. Some people who inherit property want a deed in their own name. However, if a bank is not involved whether ot not to have a deed drafted and recorded is up to you. You do not need a deed. If a deed is required it should be drafted by an attorney.
Wiki User
∙ 13y ago
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Can someone quit claim a property they already had quit claim deeded to their wife?
Generally, no. When a person executes a quitclaim deed to another person, the first person no longer owns the property. The new owner is the grantee on the quitclaim deed. The former owner has no interest to transfer to someone else.In this case, the wife would be the new owner of the property.
Can a beneficiary to an estate enter into a new lease agreement?
If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.
How do you get the beneficiary name changed on savings bonds if the owner has died?
If the owner of the savings bonds has died, then the bonds are inherited by the beneficiary, unless the beneficiary has also died in which case the bonds go to the estate of the beneficiary. If you don't want the bonds to be inhertied by the named beneficiary or the estate of the beneficiary, I would like to know what legal basis you have for taking control of those bonds. We already know that you are neither the owner (who has died) nor the beneficiary. So what is your claim based upon? I doubt that you have any legal basis to change the benefciary.
Will you need to pay inherited tax on land if your name is already on the property as co-owner with the party who passed away?
Meaning if you are part owner of property, and the other party pass away first. Will you have to pay inherited tax on their part, to be full owner of it? I may be wrong about this, but as long as the other party did not leave their part to someone else in a will. I think that you would be the full owner, and pay the full amount of tax due each year as personal property. It may have a lot to do with how the title was written up in the beginning and if it says your name AND OR theirs.
Can the no claim bonus be transferred from 1st owner to 2nd owner?
No - because the no-claims bonus is issued to the current owner and is not transferrable to a new owner.
Is it illegal to claim you own a registered trademark?
It would be fraud to make such a claim. Only the owner of the trademark can make such a claim.
Can the former owner come back to get his belongings after a foreclosure?
Can former owner claim his belongings after foreclosure and the property transfered to new owner,
How do you register a car you inherited?
Take the Title for the car along with the documentation showing you as the inherited owner to your local Motor Vehicle office and explain the situation. They will be able to help you do this.
What happened if you are owner of the car and insurance is on name of previous owner then can you claim insurance?
The insurance company, once things get sorted out, will probably deny your claim. On top of that, the previous owner screwed themselves, because their insurance will go up.
What are the rules of an inherited IRA?
There are several rules that go along with an inherited IRA. One rule is that the inherited IRA must be retitled. Another rule is that the beneficiary must begin taking distributions the year after the owner dies by December 31st.
How can you reclaim a car that is not titled in your name but the lien is?
If you're not on the title you have no claim to the car. You would need to sue the owner in court and win a judgment in your favor.If you're not on the title you have no claim to the car. You would need to sue the owner in court and win a judgment in your favor.If you're not on the title you have no claim to the car. You would need to sue the owner in court and win a judgment in your favor.If you're not on the title you have no claim to the car. You would need to sue the owner in court and win a judgment in your favor.
How do you calculate owner's capital?
Answer:The owner's capital (or: equity) is the residual claim. It is calculated as assets minus liabilities.
