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13 years ago @ WeProbateFlorida.com&t... - Florida Probate Myths ... · 0 replies · +1 points
A quit claim deed transfers a person's interest in real estate to some other party. However, in this situation, it could result in some unintended tax consequences. I would suggest your mother consider an "enhanced life estate deed" (aka Lady Bird Deed) in this situation but not without some consideration for other issues (mortgage liabilities, etc.) As far as "responsible parties v. executors, I couldn't answer unless I knew the context (I would have to read the Will.)
Feel free to contact me for phone consult (no obligation whatsoever.)
Thanks for your question!
13 years ago @ WeProbateFlorida.com&t... - Why Summary Administra... · 0 replies · +1 points
13 years ago @ WeProbateFlorida.com&t... - "Quick" Q&A - "What is... · 0 replies · +1 points
13 years ago @ WeProbateFlorida.com&t... - Avoiding the Florida p... · 0 replies · +1 points
The answer is probably yes but only if the grantees are not a married couple. Married people enjoy what is called a "tenancy by the entireties" which has a similar effect of passing property onto the surviving spouse.
If however, the grantees are not married, then the most common way to avoid probate is to include the JTWROS designation in the deed.
If you are looking to prepare a deed of this sort, consider hiring an attorney to have it done properly. If one of the grantees has already died and the grantees were not married, then you'll probably have to go through probate in Florida.
14 years ago @ WeProbateFlorida.com&t... - Need to refinance mom'... · 0 replies · +1 points
Did you want to finish that question? :)
14 years ago @ WeProbateFlorida.com&t... - "Quick Claim" Deeds an... · 0 replies · +1 points