Posted on: 04th Mar, 2010 09:21 am
i've been involved in an estate settlement for over a year now. the lawyer wants to wrap it up in order to close the estate. my sister & i are co-executors and we need to deed the house over out of our mothers name. my sister has been dragging her feet on trying to sell the property. i have control of all the liquid assests (money) from the estate because i was the lone beneficiary of annuities my mother had. all my sister received in the settlement was half of what the house would sell for. i have told my sister i would not divide the money up until the estate was closed and the house was sold. can i use a quit claim deed to wash my hands of the property mess signing over the property to her ? then could i take half of the amount of the appraised estate value of the property out of my sisters half of the money. is there another way to get out of all this, it has been stressful. thanks, * have i confused you ? ... sorry
Hi stevendgressel,
You can sign a quit claim deed and transfer the property to your sister. This will make her the sole owner of the property. She won't be liable to pay you any money after the sale of the property. If you want any money from the sale of the property, you should sign an agreement regarding that with your sister.
Thanks
You can sign a quit claim deed and transfer the property to your sister. This will make her the sole owner of the property. She won't be liable to pay you any money after the sale of the property. If you want any money from the sale of the property, you should sign an agreement regarding that with your sister.
Thanks