Thursday, March 19, 2015

my mother recently passed away, there is only my sister and I , so the will reads 50/50. my sister does not want the house, I do so I will h...

Question

my mother recently passed away, there is only my sister and I , so the will reads 50/50. my sister does not want the house, I do so I will have to buy her half out. I would like to get a home equity instead of a mortage but for me to do this I need my name on the deed. Is there a way to do this ?



Answer

You'll need to open the estate for your mother and have the property deeded to you by way of a fiduciary's deed. Depending on what's in the estate, you may need to have a mutual distribution agreement drawn up between you and your sister.



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