Joint Tenancy Deed

My mom and I have a joint tenancy deed and she died recently. My father passed a few years ago. The transfer of ownership to mea How is it shared with my brothers and sistersa There and inheritance tax payablea There was no will.

too late to throw stones at no will .. State law will tell you how its divided. unless the problem of big bucks no tax, but perhaps if a probate court must decide how to divide it. Mixed tenantcy will act for you, but the clans have rights on parts of the estate in every state I know.

Before my father n law passed away, he had no will. One of the brothers wanted to stay on the farm and live there, the lawyer said it was fine if no other brothers and sisters protested. Nobody cared, they got their loan for the mortgage, and now they live there. No probate court involved in the property transaction. I think the property would be transferred to you, and if your brothers and sisters do not object, so it could remain in your name. Say you to tell them all I want is that land and such. Then they could say that we are willing to divide the rest of us. Compromise will speed up the process and out of court approval. I do not think you'd have to pay an inheritance tax as the property is already in your name and before their deaths. All brothers and sisters need to attend the meeting together with the lawyer.

It depends on how the rent is fixed. If it is set with right of survivorship, then you get the property. If it is defined as the union, then you get half the property and then you and from other heirs in half mom.

Your message is not clear. If it is a joint tenancy with right of survivorship, the survivor as it gets. Brothers and sisters not on the act get nothing. You talk about your father, but do not say what his interest was. That there is an inheritance tax depends on the total value of the estate and tax laws of your state.

Consult a local lawyer.

You'd better check with a real estate or probate attorney in your area for details, but in general:

With a joint tenancy deed, you keep your half of the property. If you had right of survivorship, then it returns all of you. If you have no right of survivorship, then half your mom would be divided among his heirs.

You'll need to follow the rules of your state certification and regulations. Since their is no will, your mother's estate would normally be divided equally among his heirs.

Joint lease is created by this case, two people signing a legal instrument (the act). When you signed the document, it describes the co-owners as "joint tenants with right of survivor ship." Term is always used when creating a joint tenancy and means that when one joint owner dies, the owner survivor automatically takes ownership. This is true regardless of the terms of the will.