Update: What we needed was an Executor’s Deed. I was able to draft one, and my sister, the executor, filed it with the county clerk. Afterward, I filed a Quitclaim Deed granting ownership to my husband in addition to myself. We did a title search just to be absolutely sure there was no lien...
I just thought of this question: Am I going to have a tax liability from the transfer? The house taxes are due this month and of course I have to pay them, but will I have to pay some sort of inheritance tax or other because of the acquisition?
Thank you both for the information and advice. I will act on it.
Here’s just a tad more information, in case it spurs any further thoughts:
As I said, my sister is named in the will as heir to the house, but no distributions have been made. The reverse mortgage company said they checked their...
Re-reading the replies, I find a point of confusion.
Do I use a title/escrow company for the transaction and paperwork, as recommended by AdjusterJack, or a lawyer, as directed by Zddoodah? Or do these agents address different facets of this process?
AdjusterJack, is a title owner’s policy...
AdjusterJack, I visited the URL you gave me. Is the proper form “GPCSF 14 Petition of Conservator for Leave to Sell Property or Rent, Lease, or Otherwise Dispose of Property”? I would like to manage as much paperwork on my own as possible, prior to completing matters with a lawyer.
Oops, my reply was to AdjusterJack before I saw the post by Zddoodah. Thank you, also, for your advice.
We were able to register the will and have her executorship validated without a lawyer. I worried that we might need a lawyer for this transaction, and I appreciate your confirmation of this...
Our father designated his home be given to one of my siblings, who is the tenant and also is the sole executor of the estate. The estate is still open and no distributions have been made so far. The home has a reverse mortgage that is deep underwater, and foreclosure is looming. My sister and I...