Legal Question in Wills and Trusts in Florida
Thank you for taking my questions.
My sister and I own 30% each of my deceased parents home and my other 2 siblings own the other 20% each of the home. We are purchasing their interest in the property and want to know what the best way to go is. We can file a quit claim deed or a warranty deed but we all know there is no other ownership other then the 4 of us and the home is free and clear with no mortgage. Does the QCD offer and financial advantages over a warranty deed and also what else would we be responsible for in this transaction, Filing fees, doc stamp fees, etc. How do we guarantee our siblings payment once the new deed is executed and filed. The property is located in Citrus county in Florida.
1 Answer from Attorneys
You can go with a QCD or warranty deed, depending upon your needs.
It is highly recommended you use an attorney to get this right the first time. If you get it wrong, you all could land in court later to fix it, and spend a whole lot more.
An ounce of prevention . . .
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