Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
California Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

23
Posts
6
Votes
Aldwin De Torres
  • Leander, TX
6
Votes |
23
Posts

Deceased party on a land deed. What happens to ownership?

Aldwin De Torres
  • Leander, TX
Posted
Hi BP Family,

I'm asking for a friend in CA. He is 1 of 3 owners on a land deed. He received 75% ownership in 2013, while the other 2 have 12.5% each. Unfortunately, it sounds like 1 of the owners passed away back in 2003. The other person is 86 and still resides in CA.
1) When my friend received the deed, how did a deceased person remain on the deed?
2) What happens to the deceased's ownership?
3) Is there a way for my friend receive full 100% ownership of the land? He has been paying the property tax since 2013 and is current.

Thank you in advance for any input/advice on how to deal with this!


Most Popular Reply

User Stats

29
Posts
4
Votes
Kris Lai
  • Investor
  • Daly City, CA
4
Votes |
29
Posts
Kris Lai
  • Investor
  • Daly City, CA
Replied

I definitely recommend calling the Assessor's office in the county of the property - to get the precise answers. But from what I know: 

1. It's likely the death was never reported to the county back in 2003.  So technically no one is aware that one of the owners is deceased and therefore their name still appeared on the deed in 2013.

2. The new ownership depends on how the title is vested (i.e., tenants-in-common, joint tenancy, etc). If JT, the other remaining joint tenants inherit the deceased tenant's interest in the property. If TIC, the shares go to whomever are his/her beneficiaries.

3. The only way to receive full 100% ownership is for the remaining owner and possibly the deceased owner's beneficiaries to deed their shares to your friend.

Ultimately paying all the taxes doesn't constitute full ownership. The first thing that needs to happen is reporting the death by filing the appropriate paperwork to the county. Know that there's a possibility for the property to be reassessed; if so, you and the remaining owner(s) will have to pay back property taxes for the years going back, but no more than 7 years. 

Loading replies...