If I inherited 1/3 of my mother’s property, how do I give it to my siblings?
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If I inherited 1/3 of my mother’s property, how do I give it to my siblings?
My mother passed away last year and the 3 of us are listed as beneficiaries but I want to give my share to my brother and sister. Can I do a quick claim deed even though it hasn’t been changed to our names?
Asked on March 13, 2018 under Estate Planning, California
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
I am so sorry for your loss. Is the estate still in Probate? Do you have an attorney helping? You can renounce an inheritance but it must be done within a certain time after death (generally 9 months). If you want to transfer it now it may I would just wory about an tax implications (although California no lnger has a gift tax and the property may fall under the Federal amount). If it has not yet been changed and filed you have nothing to transfer yet but if it were you can use a quitclaim deed, since it is used in CA. Please speak with the lawyer helping. Good luck
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