Legal Question in Wills and Trusts in Washington
real estate and beneficiary
My Father left me real estate with monthly rental income. The propery is valued at $1,300,000 with monthly income of $8000. He is married, and the property is his separate propery. This must go though probate, right? When can I expect to begin receiving the monthly rental income and when can I expect the property to be legally transferred to me?
Asked on 8/18/08, 1:29 am
1 Answer from Attorneys
Christopher Steuart
IT Forensics, Inc.
Re: real estate and beneficiary
You should start receiving the income after the estate transfers title to you, and you should also receive the income that accrued from your father's death until the transfer. You will probably need to inform the tenants of the changes in how/where/who to make payments to.
Answered on 8/18/08, 4:02 pm