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Updated almost 6 years ago,

User Stats

7
Posts
1
Votes
Erick Torres
  • Miami, FL
1
Votes |
7
Posts

Property Inheritance Question

Erick Torres
  • Miami, FL
Posted

Good afternoon all, thank you in advance for your time and responses. Simple question here...

There's a family property where a grandparent currently lives in. The property, in the event of her passing, is in the name for her two daughters, and myself (listed in as a Trust so I receive her portion). The grandmother and the oldest of the daughters have agreed to allow me to receive the house and raise my family there in the future. However, the youngest daughter is a wild card and poses an issue when it comes to me receiving it.

What are some suggested ways to ensure that the current owner, who wants me to receive the house, is able to successfully edit the ownership to make me the sole owner?

Can we A) simply edit the deed to list only my name, B) perhaps I buy-out the oldest daughter and grandmother to receive majority ownership and (worse case) stronger leverage should the younger daughter try to legally complicate matters, C) anything else?

The emphasis for me here is that the home is paid for. No mortgage on it. It would allow me to flexibly raise a family and even better, it's my childhood home and where I grew up. If 2 out of the 3 people who also share ownership are OK and support me receiving it, what maneuvers does anyone suggest to anticipate issues with the 3rd person?

Thanks again! 

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