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Updated about 11 years ago,
NC Property - Need to convert estate property to personal
For folks in NC...I guess.
I inherited a property that I have been renting for the past 2 years. In order to leverage the equity in that property I need to convert it from my parents name to mine. I have a couple of questions:
- If I am going to continue to rent this property, should I convert the title to a LLC, or am I ok under my name?
- Do I need to hire a lawyer, or is this something that can be accomplished through some form of a formal filing?
- Estimated costs associated with doing this?
Thanks -