Posted on: 26th Sep, 2009 03:58 pm
My dad has recently passed away and had left his house to my two sisters and myself through a living trust. My older sister and I would like to buy my younger sister out. Could you please tell me what type of deed we need to file in order to transfer out of the trust to myself and my older sister.
you cna do asimepl quit claim deed and get the property tarsnfered in both of yoru name and pay yoru sister
Thanks for your help Sunnyca
No problem mike
Glad to help
Ask any questions you have a doubt about
Glad to help
Ask any questions you have a doubt about
quit claim deed has to bsign by your sister as a grantor & others name will be mentioned as a grantee.
I don't see a place on the quit claim deed for disclosing the price my sister and I buy it at. Is there another form that should be submitted to the county to disclose the price? The price we will be buying it at is less than the current assessment. Or does a death and a sale within the beneficiaries not trigger a reassessment?
There is no money transction happnes when you do the quit claim deed.
It is usedfor tarsnfering the ownership to soem oen else
You will need to draft a legal documents which outlines the terms of this transcation. You also menthin that you will quit claim the property and for an ecahnge of so and so amount
You cna also do a warrant deed which is more like a sale
It is usedfor tarsnfering the ownership to soem oen else
You will need to draft a legal documents which outlines the terms of this transcation. You also menthin that you will quit claim the property and for an ecahnge of so and so amount
You cna also do a warrant deed which is more like a sale