Chester, VA asked in Estate Planning for Virginia

Q: My question is my grandfather wants to leave me his house. But we are unsure about how to go about it. And any issues.

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1 Lawyer Answer
Thomas Woodward Ashton
Thomas Woodward Ashton
  • Estate Planning Lawyer
  • Roanoke, VA
  • Licensed in Virginia

A: This is more of a wills/estate planning question. Depending on things like your age and whether or not your grandfather has clear title to the house, it may be a pretty straightforward answer. However, there are some important questions that need to be answered before you all take any action on his wish. Is there another person on the deed? How is title held? Does he have a mortgage? What is the value of the house? How old are you? And many more.

There are also tax planning questions that probably come into play.

You need to talk to an attorney who knows what he or she is doing.

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