My Father Left my Siblings and I his Home, Can I Quit Claim the Home to my Sister?
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Summary
My father passed away 2 years ago and his estate was set up in a trust. His home was left to myself, my sister and my brother. My question is can my brother and I just quit claim the home to my sister? |
“My father passed away 2 years ago and his estate was set up in a trust. His home was left to myself, my sister and my brother. My question is can my brother and I just quit claim the home to my sister?
She lived with my father and has been living at the home since his death and paying for the upkeep.”
Generally speaking, once property has passed to heirs it is theirs to do with as they please. So if the property is in the name of the three of you, you are free to sell it or give it away whenever you like. Be aware, however, that there may be significant tax impacts from giving a large gift of this type, so consult with your tax advisor first.
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For more on this subject check out these categories: Family Law, Property, Wills, Trust & Estate Planning
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State laws vary, and the above is intended as general advice, and not direct legal advice regarding any one particular situation in any one state. For direct personal legal advice related to your own situation you should consult an attorney familiar with the laws of your state and with your situation.
