My mom in law passed away last month. My father in law wants to know, does he have to change house into his name? Or does he wait till he sells house? Yes, It was joint and yes they had a will. Thank You
My mom in law passed away last month. My father in law wants to know, does he have to change house into his name? Or does he wait till he sells house? Yes, It was joint and yes they had a will. Thank You
How as the deed written ?
If it was written so that the other gets it upon death, no need to change anything. If done properly it will not have to go though probate and the will will not effect it.
I agree, but this is an issue that is driven by state law, so it would probably be best to have your father-in-law run it by a local attorney.
My husband died I would like my stepson to inherit hose and property upon my death
Carol:
You can do a quick deed to put his name on the house, but that is considered to be a GIFT of half the value of the home, so a gift tax return may be required. No gift tax will be due, but the return WILL be needed.
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