Posted on: 13th Oct, 2009 07:07 am
In 2001, my mother's had her attorney draw up a Quitclaim deed, for her home and property, to me reserving a life estate for her. She passed away in May of 2008. Am I still the legal owner of the house and property? What is needed to take the (Life Estate clause referring to my mother)?
Hi Guest,
Your mother had transferred the property to you using a quitclaim deed. Thus, you are the owner of the property. Your mother had reserved a life estate clause for her. With her death, the life estate clause has become null and void. You can contact a real estate attorney and get his opinion in this regard.
Your mother had transferred the property to you using a quitclaim deed. Thus, you are the owner of the property. Your mother had reserved a life estate clause for her. With her death, the life estate clause has become null and void. You can contact a real estate attorney and get his opinion in this regard.
I emailed a local attorney here in Indiana and he told me that i need to execute and record a Survivorship Affidavit. I will contact him further as to what is needed to do that.
Thank you.
Thank you.