Legal Question in Wills and Trusts in Mississippi
Family home signed over to one child.
If a home and/or money is left and/or signed over by the parent and/or grandparent to only one child, do the other siblings have any rights to the property or money?
2 Answers from Attorneys
Re: Family home signed over to one child.
Assets can be transferred by way of quit claim deed, joint ownership or beneficiary. In this case the asset will transfer automatically to that person upon the death of the other owner. A
Will is not required neither is probate and there is not much that others could do about this. However, if you are talking about the homestead, this could be transferred but not from another family member who resides in that home i.e., suriving spouse or minor child (their homestead is protected).
Re: Family home signed over to one child.
As long as the person transfering the property is competent and understands what he or she is doing, then the other siblings have no rights to the property.
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