Legal Question in Real Estate Law in Ohio

Survivorship deed vs alternative

My husband owns property with his brother and sister in a survivorship deed. This was done before his mother died when she added her children onto the deed via quitclaim. I would like to have this land deeded in a way that my daughter could inherit her father's portion. What are the tax ramifications to changing the deed? How could the land be held so that it is protected from divorce or bankrupcy of one of the owners?


Asked on 10/22/03, 10:35 pm

1 Answer from Attorneys
Steven Martinek Steven Martinek Lawyer Ltd.

Re: Survivorship deed vs alternative

This question is worthy of inclusion on a bar exam, or a final exam in the subjects of real property, taxation, trusts, and/or probate. What is the value of the property and the fractional interest? Asset protection is typically accomplished through a trust.

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Answered on 10/23/03, 10:50 am


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