Posted on: 02nd Dec, 2008 09:05 am
If I want to keep my properties out of probate-in case of an accident or death should I add my sister to my deeds with this type od deed? I just want to make sure she "inherits" my properties as smoothly as poss if the need arises?
Hi meme me!
Welcome to forums!
You can check out the option of joint tenancy with right to survivorship. In this, the ownership of the property is shared by two or more people and in case any of them dies, the survivors would automatically gain ownership of a decedent's interest. I think a quitclaim deed will help you in adding your sister as a joint tenant. However, you can even consult an attorney who can help you in drafting the deed. Once you fill it up, you need to notarize it and record it at the county recorder's office.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
You can check out the option of joint tenancy with right to survivorship. In this, the ownership of the property is shared by two or more people and in case any of them dies, the survivors would automatically gain ownership of a decedent's interest. I think a quitclaim deed will help you in adding your sister as a joint tenant. However, you can even consult an attorney who can help you in drafting the deed. Once you fill it up, you need to notarize it and record it at the county recorder's office.
Feel free to ask if you have further queries.
Sussane
Look into a Living Trust to avoid probate without transferring title to another.
