Personal Finance
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 12 months ago,
family selling property left in a Will
I had a question from a customer today and would love to know best practices on how to handle.
His Mother owns a home and has a Will naming her son as the beneficiary, is there anything else that should be done? Would it be best to get that property Deeded into the sons name prior to the passing as a Life Estate? His other questions was, does the property still have to go through Probate even though it was left to him in that Will? I think I know the answers to these but best to be thinking about this prior to a family member passing.
- Bubba McCants