Posted on: 09th Aug, 2007 08:25 am
the original deed is a quit claim deed. the house is paid for. will that deed affect us when she dies. will the property automatically transfer to us without probate? do we need a warranty deed or does the deed have anything to do with the joint tenancy?
thanks
thanks
"My sister and I recently added our names to title as joint t"
"The original deed is a quit claim deed. the house is paid for. Will that deed affect us when she dies. will the property automatically transfer to us without probate? Do we need a warranty deed or does the deed have anything to do with the joint tenancy?
thanks"
Hi Ardith,
Welcome to Mortgagefit discussion board.
As you & your sister hold title as joint tenants, when your sister dies ownership of the house will automatically transfer into your name. Probate will not be required in such situation.
If title is held as joint tenants then when one of the owners dies, the remaining joint tenants become new owners. This transfer of ownership is automatic and does not require the probate procedure.
Do let me know if you have any other questions.
Thanks
Blue
"The original deed is a quit claim deed. the house is paid for. Will that deed affect us when she dies. will the property automatically transfer to us without probate? Do we need a warranty deed or does the deed have anything to do with the joint tenancy?
thanks"
Hi Ardith,
Welcome to Mortgagefit discussion board.
As you & your sister hold title as joint tenants, when your sister dies ownership of the house will automatically transfer into your name. Probate will not be required in such situation.
If title is held as joint tenants then when one of the owners dies, the remaining joint tenants become new owners. This transfer of ownership is automatic and does not require the probate procedure.
Do let me know if you have any other questions.
Thanks
Blue
"My sister and I recently added our names to title as joint tenants on my mothers property."
It is your mother's property, so does it mean that now three of you are joint owners of the house?
If all three hold the title as joint tenants then after your mother's death both of you will become the new owners, you two then will again be holding the title as joint tenants.
When the title is held in joint tenancy, probate is not required for transfer of ownership.
"does the deed have anything to do with the joint tenancy?"
Joint tenancy is the way how owners hold property title. And the deed tells who are holding title. On the deed it is mentioned that owners will be holding title as joint tenants or in some other form.
It is your mother's property, so does it mean that now three of you are joint owners of the house?
If all three hold the title as joint tenants then after your mother's death both of you will become the new owners, you two then will again be holding the title as joint tenants.
When the title is held in joint tenancy, probate is not required for transfer of ownership.
"does the deed have anything to do with the joint tenancy?"
Joint tenancy is the way how owners hold property title. And the deed tells who are holding title. On the deed it is mentioned that owners will be holding title as joint tenants or in some other form.