Legal Question in Real Estate Law in Nevada
NEVADA REALESTATE QUESTION. i need help in filling out and WHAT paperwork is needed to have property (land) in yearington co nv from my deceased parents living trust to my name. my father died 7 yrs ago mom 6 months. my sister and i are 50/50 in he trust,iam the trustee and.thus far my sister does not want any part of the property. the property isnt worth much so i would prefer not to spend a lot of money to get this done. i live in ca .anyone legal professional want to help? we need to deal with the yearington recorders office
thank you
chip
1 Answer from Attorneys
A deed is the usual document to effect a transfer of land in Nevada. In order to be effective, it must transfer the land from a present owner to the intended recipient, subject to whatever conditions on transfer are placed on the owner by, in the question posed, a trust. The chain of title will need to show that the deceased former owners transferred the property to the trust, that the trust is valid, that there is written proof that the that the trustors are deceased, that any conditions or restrictions on transfer are satisfied, and that all documents evidencing these facts are recorded with the appropriate County Recorder, in the proper format and accompanied by the proper amount of recording fees. In order to disclaim any interest in the property, a trust beneficiary will need to execute a document before a Notary Public disclaiming the gift from the trust or quit claiming any right, title or interest in and to the property.
It looks like several documents would need to be prepared to accomplish the goals set forth in the question. Your attorney can explain further.