How to Get the Title After You Inherit a Home
Claiming an inherited home can bring up important questions and scenarios that you may not be familiar with. For example, one of the crucial issues that could arise in the process of inheriting a home is how to go about changing the title to your name after you inherit the house.
Our experts at Bill Buys Houses will explain this as you read on!
Getting the Title After Inheriting a Home
Inherited property is not fully yours if you have not got the title for yourself. Getting the title can be daunting if you do not understand the processes involved.
Depending on the state the property is located in, there are some crucial steps you need to take for an inherited property to become yours fully.
Below are some common steps you need to take:
● Get a copy of a short form death certificate.
● Obtain the original will of the deceased if there is one.
● Submit the original will of the deceased to the court.
● Go through the last deed on record to determine if it had a sole owner on it or not.
● Determine the type of property as the type of property will affect its taxation.
● Meet with a probate attorney and real estate expert to determine if the status of the property is appropriate to pass the title.
● Hire an attorney to assist in probate court and obtain court orders if necessary.
When you complete the probate process, ensure that you receive the document that states the title of the home in the beneficiary’s name. This document could be in the form of an order determining the type of property or order of summary administration.
Other Factors That Shape the Change of Title in an Inherited Property
Sometimes, original homeowners take care of their inheritance process before passing on. They do this by drafting a transfer-on-death deed that will state that the property has been passed to you.
Jointly Owned Property
Some properties are jointly owned. Before embarking on the inheritance process, ensure to check with the deed to ensure that it’s not a joint property.
Getting a title for a single-owned property is easier than a jointly-owned one. As is the case most times in single-owned property, the original owner may have willed the property to you. In this case, you’ll need an executor’s deed to effect a title change. If not willed, you’d need to tender an administrator’s deed.
Need Help Selling Your Inherited Home?
If you need help with your Twin Cities real estate, from selling inherited homes to property valuation and inheritance, contact Bill Buys Houses today. We will happily take your newly inherited home as-is and quickly pay you in cash. Give us a call at 651-720-9191 or fill out this form to get in touch.