Ask Experts Questions for FREE Help !
Ask
    KW2WWB's Avatar
    KW2WWB Posts: 1, Reputation: 1
    New Member
     
    #1

    May 22, 2012, 11:15 AM
    Selling a house in Ohio after a spouse has passed away without a will
    My father has recently passed away and the house is too much for my mother to keep up. She has decided to sell the house and has run into a brickwall. The house is in Ohio and both of their names are on the deed there are four children all over the age of 21. My mom is learning that without a will my fathers portion of the house will be divided between the four children and herself. Is this true? The deed has just the two names why are the children involved?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #2

    May 22, 2012, 11:54 AM
    Quote Originally Posted by KW2WWB View Post
    The deed has just the two names why are the children involved?
    It depends how the house was titled. Often a husband and wife who joointly own a house will have the house titled as "joint tenants," or "joint tenants with right of survivorship." In this case when one person dies the other inherits full ownership. But sometimes property is titled with the co-owners as "tenants in common," which means each owns half, and when one person dies that person's half is considered part of his/her estate. If this is how your parents' property was titled then his half gets split among his heirs per the laws of Ohio for someone who dies intestate. So I suggest you ask how the ownership is worded on the deed and see if this is indeed the issue. If this is the problem then you have some decisions to make - the children could all become co-tenants and simply agree to let your mother continure to live their in exchange for her paying property taxes and performing required maintenace. Or you could each gift your portion to her (though there may be some estate planning consequences if you do this). Or perhaps she could buy each of you out.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
    Expert
     
    #3

    May 22, 2012, 01:13 PM
    At any rate, assuming it's a tenancy in common, she can sell the house. But while the sale is pending, she simply needs to retain an attorney to do the probate paperwork. And, if the children are not willing to forego their shares, they would each receive a check at closing.

    If, on the other hand, it was owned as a JTWROS, a certified copy of the death certificate should be sufficient to close the sale.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How do I find a law that was passed in 1996 in city of Dayton, or State of Ohio [ 10 Answers ]

I would like to know how to find the exact text of a law that was passed in Montgomery County, or the City of Dayton, Ohio or the State of Ohio. I don't know which. I know the law was passed in 1996. It's called the Vickie West Law. It's about a prostitue who has been HIV positive since 1993 and...

Brother passed away 2009. No spouse, trust was prepared. When are taxes due and.. [ 1 Answers ]

My brother passed away in May 11, 2009. His trust left his estate to my sister and I. He and all of us are residents of California. I am having his estate tax prepared but there is some paperwork dealing with mothers LLC werein he was not yet removed off the LLC yet. His estate was less than 3.5...

Selling House after Death of Spouse [ 2 Answers ]

My parents jointly own a home in Texas (community property state). My father died several years back. My mother is no longer able to keep the home up and wants to sell it. Does she need to do anything since the deed is still in both their names? Thanks.

Spouse passed away July 14 [ 1 Answers ]

I need advice on my husband credit card debt I live in Florida and own a home my husband has the loan but I am on the title, no need to change the loan but what about his credit card debt. Which is a lot. I am not on those I have my own credit which is a good score Can they put a lien on my...


View more questions Search