Legal Question in Real Estate Law in New York
House ownership if one person dies
My husband and his sister each own 50% of their mothers home. The deed is written ''and''. If something happens to my husband is his 50% turned over to me.
Asked on 6/25/08, 6:46 pm
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: House ownership if one person dies
If ownership is as tenants in common - robin and mack - then upon robin's death her percentage of ownership will be given to her beneficiaries.
If ownership is as joint tenants - robin and mack as joint tenants - then upon robin's death her percentage of ownership will be given to mack.
Mike.
Answered on 6/26/08, 8:31 am
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