Posted on: 17th Jul, 2010 02:55 pm
My grandfather passed away in Nov. 2009. I am executrix of his estate. My husband and I want to buy out my 3 siblings interest in the house, but neither of them wants a 1099-S. Can they each convey to me their interest in the house (say in consideration for a sum of $10, etc....)?
The house is paid for - no mortgage.
The house is paid for - no mortgage.
Welcome Guest,
Your siblings can definitely transfer the property to you in consideration for a sum of $10. You can contact an attorney and get the deed drafted. He will help you and your siblings in filling out the deed and transferring the property to you.
Your siblings can definitely transfer the property to you in consideration for a sum of $10. You can contact an attorney and get the deed drafted. He will help you and your siblings in filling out the deed and transferring the property to you.