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Do quit claim deeds expire when the grantor dies?
No. The grantor on a quitclaim deed transfers ownership to the grantee by virtue of the deed. The grantee is the new owner until they transfer the property to someone else by executing a new deed.No. The grantor on a quitclaim deed transfers ownership to the grantee by virtue of the deed. The grantee is the new owner until they transfer the property to someone else by executing a new deed.No. The grantor on a quitclaim deed transfers ownership to the grantee by virtue of the deed. The grantee is the new owner until they transfer the property to someone else by executing a new deed.No. The grantor on a quitclaim deed transfers ownership to the grantee by virtue of the deed. The grantee is the new owner until they transfer the property to someone else by executing a new deed.
The grantor of a warrenty deed dies do his heirs have to guarantee the deed?
No. The warranty comes from the grantor.
When a revocable trust becomes a irrevocable trust after a person dies is trust a non grantor trust or a grantor trust?
it remains a grantor trust
There is a quick claim deed and the grantor dies would the water sewer account transfer to grantee or would a new account have to be opened?
You need to notify the municipality of the change in ownership to make certain you receive future bills for service. If those municipal charges aren't paid on time they will become a lien on the property and will eventually result in late charges and additional fees and costs.
Can an irrevocable trust be converted to a revocable trust after grantor is deceased?
Revoking a trust means it goes back to the grantor. Who is, in your example, deceased.I trust (no pun intended ... well, maybe a little bit) you see the problem here.Essentially, the distinction between a revocable and irrevocable trust vanishes when the grantor dies.
Grantee dies before a quitclaim got recored can it be recorded after his death?
Generally, if the deed was properly executed in all respects then you should record it immediately. If there are any defects that cause the land records office to reject it for recording then you will have a serious problem on your hands since the grantor is deceased. State laws vary so you should seek the advice of an attorney.
Does spouse has any interest in life estate deed if grantee dies?
good faith deed
What is the Successor's legal obligation to an estate after last surviving Grantor dies?
The Successor's legal obligation to an estate after the last surviving Grantor dies is to administer the estate according to the terms outlined in the Grantor's estate planning documents, such as a will or trust. This may involve distributing assets to beneficiaries, settling any outstanding debts or taxes, and fulfilling any other instructions specified by the Grantor. The Successor is required to act in the best interests of the estate and its beneficiaries.
Grantor conveyed their property to a trust reserving a life estate. If the sole beneficiary dies before the Grantor does the property revert back to the original Grantor?
No. Not unless the trustor made that reverter a provision of the trust.If a grantor transferred their property to a trust and reserved a life estate, the life estate continues even if the beneficiary of the trust dies. There should be a provision in the trust that directs where the property should go in the case of the death of the sole beneficiary. This is a good example of the need for an expert to draft any trust.You need to review the terms of the trust to determine how the trust property will be distributed. If the trust doesn't address this issue then it may need to be addressed by a court.
Can a life estate owner leave the property by will prior to the death of the grantor?
No. The grantee of a life estate cannot leave the life estate in a will because a life tenant doesn't own the property, only the right to use it during their life. The life estate ends when the life estate owner dies. That's why it is called an estate for life. After the death of the life tenant there is nothing left to devise by a Will.Sometimes the owner of land simply grants a life estate to another party. In that case the grantor still owns the property subject to the life estate. When the life tenant dies the life estate is ended and the grantor still owns the property. In other cases the owner transfers the property in fee to new owners but reserves a life estate to herself or some other person. In that case the property is no longer owned by that grantor at the time of the grantor's death and so does not become part of the estate. In that respect, a life estate deed is an estate planning tool.
Who are the heirs and assigns on a quit claim deed?
The words heirs and assigns in a deed mean the conveyance is in fee simple which is absolute ownership. The grantee can transfer the land to a new owner (assigns) or, if she dies while owning the land, it will pass to her heirs by her will or by the laws of intestacy if there is no will.The words heirs and assigns in a deed mean the conveyance is in fee simple which is absolute ownership. The grantee can transfer the land to a new owner (assigns) or, if she dies while owning the land, it will pass to her heirs by her will or by the laws of intestacy if there is no will.The words heirs and assigns in a deed mean the conveyance is in fee simple which is absolute ownership. The grantee can transfer the land to a new owner (assigns) or, if she dies while owning the land, it will pass to her heirs by her will or by the laws of intestacy if there is no will.The words heirs and assigns in a deed mean the conveyance is in fee simple which is absolute ownership. The grantee can transfer the land to a new owner (assigns) or, if she dies while owning the land, it will pass to her heirs by her will or by the laws of intestacy if there is no will.
How long does it take after a deed is recorded for it to be valid?
A deed is valid against the world the moment it is recorded as long as the grantor owns the land. See related question.A deed is valid against the world the moment it is recorded as long as the grantor owns the land. See related question.A deed is valid against the world the moment it is recorded as long as the grantor owns the land. See related question.A deed is valid against the world the moment it is recorded as long as the grantor owns the land. See related question.
