Q: What is the best way to transfer property to next of kin in case of death when no will was found?
Daughter dies in accident. Next of kin is the mother/father. Daughter owns property with lean on it. Daughter is the alone on both the property title and the mortgage. What is the best way to transfer the property to the mother/father?
A: A probate petition will have to be filed with the probate court in the county where she lived a the time of her passing. It takes six to twelve months on average, but can take longer if there are complications in the estate. Contact an attorney for a full consultation.
A: If no trust, no will, not joint tenancy title, the estate needs to be probated. The information presented herein is for general purposes only. It is not intended to, and may not be construed as legal, tax or accounting advice. Neither is it intended as a solicitation. For specific advice, please consult an appropriate attorney in person. Good luck. Zaher Fallahi, Tax Attorney, CPA.
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