No. Technically, the deed does not have to be changed, because a will is an instrument of transfer. Just as a deed transfers property from a living person, a will transfers property from a deceased person. In many cases, estate deeds are made but that is only to confirm the transfer in the deed records. As long as your living in te house has been open to the other co-owners, there is no problem.
Continuing to pay property taxes on a house willed to you and your siblings without changing the deed may not necessarily be fraudulent, but it can lead to legal complexities. It's essential to ensure the property is properly transferred to the rightful heirs to avoid potential disputes and comply with legal requirements.Consulting with a legal professional can help clarify the necessary steps to address the situation lawfully.
In Tennessee, if there is no will, the property will pass according to the state's intestacy laws. If the siblings all have equal ownership rights to the property, then all siblings would need to agree to sell the property. However, it's advisable to consult with a lawyer to ensure that all legal requirements are met in this situation.
Not necessarily. Being on the deed as a joint tenant with rights of survivorship means they each have an equal share in the property. However, being on the deed as tenants in common means they could have unequal ownership shares. It's important to clarify the type of ownership when both siblings are on the deed.
The sibling living in the home is responsible for paying the annual property taxes. The other siblings may have a financial responsibility to contribute to the costs associated with maintaining the property, but the one residing in the house typically bears the responsibility for property taxes. Arrangements for sharing expenses can be agreed upon among the siblings.
Louis Riel had 12 siblings.
No, legally two unrelated adults cannot become siblings. The designation of siblings is typically based on a familial relationship, such as by birth or adoption. Adults can still have close relationships and consider themselves like siblings, but they would not have the legal status of siblings.
Siblings can force the sale of inherited property in Florida. All siblings must agree or the property will have to be sold and split up, as long as each of them are on the property's name and/or will.
No, you can't just keep it when its to be divieded equally between 3 siblings! That's called stealing and you would go to jail.
Yes. As long as the property isn't subject to probate and as long as all the siblings execute the deed.
Does executive need signatures from siblings to sell family property which all inherited?
The siblings' signatures are not required. The executor acts on behalf the estate. They have the power to transfer title, though they may require court approval.
In Tennessee, if there is no will, the property will pass according to the state's intestacy laws. If the siblings all have equal ownership rights to the property, then all siblings would need to agree to sell the property. However, it's advisable to consult with a lawyer to ensure that all legal requirements are met in this situation.
The siblings are the legal owners of the property so they would be legally liable. For example, if someone was injured on the property they would sue the legal owners. If the property taxes were not paid the legal owners would be liable and the property would be taken as against the legal owners.
* Generally there are only one or two Executors to a Will. Executor (male) or Executrix (female.) It is odd there should be five Executors. An Executor/Executrix has the right to decline to handle the wishes of the said Will and this is the reason for basically having a back up Executor or Executrix. The group of siblings should get together and decide who will be handling the Will as Executor or Executrix. If one is chosen then they should get a fee for their trouble which is anywhere from one to four percent of the entire Estate (property, monies, etc.) and that will be up to the other siblings unless otherwise stipulated in the Will.
Yes, in order for the property to be properly transferred, the executor has to execute the deed.
You might divide father's property with sisters by selling the property and dividing the money equally between the siblings. You could also ask each sister what they would like to have from the father's property.
All siblings should be listed as joint tenants with the right of survivorship if your desire is that all siblings own the property and that upon death each sibling's interest would automatically pass to the surviving siblings.
You haven't provided enough detail. If the estate has been probated and all the siblings are now equal owners then the answer is no. He needs permission from the other owners. If he is the court appointed executor, the property is still in probate and the property is in need of immediate repairs to prevent damage then the answer is yes.