How to take over ownership of co-owned property?
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How to take over ownership of co-owned property?
A house was left to 3 daughters and their mother. The mother owns half and the 3 daughters own the other half. How would 1 daughter who has paid the house payments (which is now about paid off) get ownership of the house?
Asked on June 23, 2013 under Estate Planning, North Carolina
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
The remaining beneficiaries would need to quit claim their interests to this property to her. Simply put if she has been paying the house payments and the others realize that she is living there or will be the primary resident, then either they must give their equal contribution to her of the house payments or quit claim to her.
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