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Updated about 1 year ago on . Most recent reply

User Stats

95
Posts
49
Votes
Bubba McCants
  • Realtor
  • Panama City Beach, FL
49
Votes |
95
Posts

family selling property left in a Will

Bubba McCants
  • Realtor
  • Panama City Beach, FL
Posted

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.

Most Popular Reply

User Stats

389
Posts
573
Votes
Jeff Nash
  • Accountant
  • McKinney, TX
573
Votes |
389
Posts
Jeff Nash
  • Accountant
  • McKinney, TX
Replied

I am not an attorney, but work closely with a national firm that helps address your questions.  If your mother still has access to the law firm that set up her estate plan I would first contact them to assist. I have my opinion, but don't want to overstep in the legal space.

  • Jeff Nash
  • [email protected]
  • 844-627-4829
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