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Why do a quick claim deed if you already inherited the proprty after the owner dies?
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.
What else can I help you with?
Can a person claim adverse possession of a property on behalf of the previous owner who is now deceases In this case a daughter inherited a property from her mother and within 6 months claimed possess?
Generally, a person cannot claim adverse possession on behalf of a deceased owner. Adverse possession requires that the claimant possess the property in their own right, not as a representative of another. In the scenario described, since the daughter inherited the property from her mother, she would not need to claim adverse possession; she already has legal ownership of the property through inheritance. Adverse possession typically applies when someone occupies land without the owner's consent, which is not the case here.
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.
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.
What is the cost basis of the inherited house?
The cost basis of an inherited house is typically the fair market value of the property at the time of the original owner's death.
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.
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,
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.
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 are the key differences between a beneficiary IRA and an inherited IRA?
The key difference between a beneficiary IRA and an inherited IRA is that a beneficiary IRA is set up by the original account owner to designate a specific person to inherit the funds, while an inherited IRA is created when someone inherits an IRA after the original account owner passes away.
