close
    When a house is in joint names and one partner dies is there any legal need to change it to sole ownership

    0  Views: 350 Answers: 1 Posted: 13 years ago

    1 Answer

    If there is a legal will that states when one partner dies the house legally becomes the property of the remaining partner. At that point it is not necessary to get a Quit Claim Deed showing a sole ownership of the house.

    If the living partner wishes to leave the house to a child/sibling/friend etc. the partner will be obligated to provide a Quit Claim Deed showing the deceased partner left the living partner the house according to the will, the living partner (now sole owner) wishes to enter into partnership with the child/sibling/friend as co-owners of the house. This will allow the house to be passed on to the other party when the partner is deceased.



    Top contributors in Personal Finance category

     
    Colleen
    Answers: 222 / Questions: 1
    Karma: 3960
     
    ROMOS
    Answers: 71 / Questions: 0
    Karma: 3840
     
    Benthere
    Answers: 3 / Questions: 0
    Karma: 3345
     
    country bumpkin
    Answers: 43 / Questions: 0
    Karma: 3030
    > Top contributors chart

    Unanswered Questions

    123win
    Answers: 0 Views: 14 Rating: 0
    new886today
    Answers: 0 Views: 14 Rating: 0
    78win01icu
    Answers: 0 Views: 15 Rating: 0
    8xbet88com0
    Answers: 0 Views: 19 Rating: 0
    > More questions...
    452486
    questions
    719804
    answers
    754912
    users