Legal Question in Real Estate Law in California
ownership of home
I am inheriting a home which is not yet fully paid. How do we change the name of the deed/ what is involved/tax implications
Asked on 7/16/08, 11:52 pm
1 Answer from Attorneys
Mitchell Roth
MW Roth, Professional Law Corporation
Re: ownership of home
You don't change the name on the deed. If the home was owned by a trustee of a living trust, the successor trustee deeds the property. If not, the property has to be probated. A probate is a lawsuit that settles the question of what happens to the property of the decedent.
Answered on 7/19/08, 3:07 pm