pappy_21
Jun 16, 2010, 11:56 AM
My father passed away, I was appointed executor of his estate. Before going into a nursing home, he acquired a few investment properties. He and his "partner" would buy building lots, put a mobile home on it, put in a driveway, secure utilities, than rent or sell CFD.
As POA, it took several years to unwind these investments and separate the "partner".
I am left with one unimproved building lot, and two properties which were sold CFD.
I am the only heir. It is my understanding, that as Executor, I must file an Executor's Deed in effect transferring the property from my father to me. I have been told this will work for the unemproved lot (no one else involved), however, it will not work for the CFD's. What is your opinion? Everything is in Kentucky.
As POA, it took several years to unwind these investments and separate the "partner".
I am left with one unimproved building lot, and two properties which were sold CFD.
I am the only heir. It is my understanding, that as Executor, I must file an Executor's Deed in effect transferring the property from my father to me. I have been told this will work for the unemproved lot (no one else involved), however, it will not work for the CFD's. What is your opinion? Everything is in Kentucky.