Posted on: 21st Jun, 2012 06:31 am
i have several questions: my parents will states that my sister will get the house upon their death (dad has passed). if my sister dies does her spouse get the house & property? is the quit deed the best way to keep the property in the family or would gifting it be better? who handles this notary or attorney? upon my mom's death would would we need to do probabte (house is paid for). will taxes be due then. i apologize for all the questions at once, but tempers are getting short here in texas. thank you
Hi idatex,
If your sister becomes the sole owner of the property, then on her death, her spouse will be able to claim the property. A quitclaim deed can be used to transfer property from one person to another. Both the parties can together handle the notary and the attorney. As there is a will, after your mother's death, your sister will have to probate it.
Thanks
If your sister becomes the sole owner of the property, then on her death, her spouse will be able to claim the property. A quitclaim deed can be used to transfer property from one person to another. Both the parties can together handle the notary and the attorney. As there is a will, after your mother's death, your sister will have to probate it.
Thanks
Hello Idatex,
One thing I can say is some buyers may choose to pay the commissions outside of escrow to keep the cost of the purchase price down. Your lender will prove invaluable in helping you maximize your costs/mortgage package to take full advantage of this incredible tax break.
:idea:
One thing I can say is some buyers may choose to pay the commissions outside of escrow to keep the cost of the purchase price down. Your lender will prove invaluable in helping you maximize your costs/mortgage package to take full advantage of this incredible tax break.
:idea:
