Posted on: 25th Feb, 2007 04:29 pm
my father recently passed away and willed 40 acres (in florida) to four children. the first 10 acres or equal portion is to go to a named sibling and the other 3 portions are to be divided between the remaining children.
what is the proper procedure in the dispersement of this land as the executor wants to issue a quit claim deed? is this necessary? if a quit claim deed is issued, am i relinquishing my rights to this property?
thank you.
what is the proper procedure in the dispersement of this land as the executor wants to issue a quit claim deed? is this necessary? if a quit claim deed is issued, am i relinquishing my rights to this property?
thank you.
Hi Joy,
Welcome to the forums.
I guess you are the named sibling. Please correct me if I am wrong.
The executor has asked you to do a quitclaim deed just to add the names of the other siblings on the title. You will not be relinquishing your rights on the property.
As the Will already states that you will be one of those getting an interest in the property, therefore your rights of ownership on the property will remain. All the four of you will have your names on the title but the interest on which you will have ownership will vary as stated in the Will.
Thanks,
Sara
Welcome to the forums.
I guess you are the named sibling. Please correct me if I am wrong.
The executor has asked you to do a quitclaim deed just to add the names of the other siblings on the title. You will not be relinquishing your rights on the property.
As the Will already states that you will be one of those getting an interest in the property, therefore your rights of ownership on the property will remain. All the four of you will have your names on the title but the interest on which you will have ownership will vary as stated in the Will.
Thanks,
Sara
"If a quit claim deed is issued, am I relinquishing my rights to this property?"
Quit claim deed will be made out by the executor for transferring the ownership of land from your father's name to you and your other 3 brothers & sisters.
Presently you do not have rights on the property but will gain so after the deed is made out. So don't be afraid. :)
JC
Quit claim deed will be made out by the executor for transferring the ownership of land from your father's name to you and your other 3 brothers & sisters.
Presently you do not have rights on the property but will gain so after the deed is made out. So don't be afraid. :)
JC