Legal Question in Wills and Trusts in California
Real Estate and Probate
The only property left to the children of a decedent is a piece of real property (a house)what process/paperwork is needed to transfer title from the parent's name to the children's? (the property is deeded as a tenants in common and there is a surviving spouse so the percent of ownership to be transferred is 50%).
3 Answers from Attorneys
Re: Real Estate and Probate
An Executor's Deed.
I would suggest that you hire a lawyer for this.
Re: Real Estate and Probate
A simple Deed from the Executor, plus any tax related documents necessary for recording is all that is needed. The Deed should specify that the interest transferred is the decedent's 1/2 interest held as a tenant in common.
Re: Real Estate and Probate
If the property is in California, a probate is required if the property interest is worth more than $100,000. If less, there are simpler procedures allowed, but they all are complicated enough to consult an attorney first. Rates for transfer of real property under $100,000 are generally based on an hourly fee, as this will likely be less than the statutory percentage fee.