Family Real Estate
Partition Lawsuit Required If Brother and Sister Can’t Agree on Who Inherits Home
Question: My mother owned a home in the Red Mountain area of Mesa for more than 20 years. She recently passed away. Before she passed away she recorded a beneficiary deed 50/50 for her home, to me and to my sister who lives in Oregon. The home is worth $850,000. My sister needs money so…
Read MoreBeneficiary Deed Can Only be Used by a Natural Person
Question: My mother is the trustee of her revocable living trust (“RLT”), with me as the sole beneficiary. The only asset in the RLT is my mother’s Sun City home. My mother wants to simplify things and record a beneficiary deed to me for her home, which beneficiary deed will not be effective until her…
Read MoreAfter Father Deeds Home to Mother, the Mortgage Lender Cannot Require Payment of Entire Mortgage
Question: Four years ago my mom and dad, who are in their 70s, bought a nice home in Wickenburg with a $420,000 mortgage. They recently separated for whatever reason, and my dad deeded the Wickenburg home to my mother. Although my mother is current on the mortgage payments, my mother is now worried that the…
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