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  2. Do all heirs need to agree to sell an inherited property? - AOL

    www.aol.com/finance/heirs-agree-sell-inherited...

    For example, if a house is worth $600,000 and there are three equal beneficiaries, a partition action could give each of them a $200,000 interest in the property.

  3. What to do if you inherit a house with a mortgage - AOL

    www.aol.com/finance/happens-inherit-house...

    The heir has several options, such as moving into the home and assuming the mortgage, buying out other heirs if they also inherited a portion of the property, or selling the house and using the ...

  4. Is It Possible for My Beneficiaries to Transfer Property ...

    www.aol.com/beneficiaries-transfer-property...

    For example, say your grandparent bought a house for $50,000 and passed it down to you after they died. The house appraises for $300,000 when you receive it, but since this value is stepped up ...

  5. Concurrent estate - Wikipedia

    en.wikipedia.org/wiki/Concurrent_estate

    A joint tenancy or joint tenancy with right of survivorship (JTWROS) is a type of concurrent estate in which co-owners have a right of survivorship, meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. The deceased owner's interest in the ...

  6. Title (property) - Wikipedia

    en.wikipedia.org/wiki/Title_(property)

    Equitable title separates from legal title upon the death of the legal title holder (owner). For example: When a person having legal title to property dies, heirs at law or beneficiaries per the last will, automatically receive an equitable interest in the property.

  7. Gift (law) - Wikipedia

    en.wikipedia.org/wiki/Gift_(law)

    A gift, in the law of property, is the voluntary and immediate transfer of property from one person (the donor or grantor) to another (the donee or grantee) without consideration. There are several type of gifts in property law, most notably inter vivos gifts which are made in the donor's lifetime and causa mortis (deathbed) gifts which are ...

  8. My dad was 96 years old when he died at home — do I need to ...

    www.aol.com/finance/dad-96-years-old-died...

    We’re talking about “stigmatized properties,” which the National Association of Realtors describes as being “psychologically impacted by events such as murder, suicide, alleged hauntings ...

  9. Life estate - Wikipedia

    en.wikipedia.org/wiki/Life_estate

    The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.