Let's go to work. In first in line this Saturday morning is Cory. Cory, you're on news 96:5. Go ahead. I have a real estate question. I live in a house for a few years that my dad, well actually he owned, he deeded back in February. I was gonna buy it from him, but he died before I could get the chance. And he gave me a quitclaim deed, which I have not filed yet. Okay, my mom, he was not on the mortgage. She was not involved in the mortgage at all. So her name is not on the house, but I am paying her, and she's paying the mortgage company. They have not been notified yet of his death. So, Cory, you got a lot going on. But by the way, the deed that your dad gave you, did your mom sign it too? Yeah, I believe that. Okay, so Cory, there are two things going on here. Number one, even if the house was in your dad's name only, for him to convey his homestead to you or anybody else would require the signature of his spouse, his wife. So if we looked at that deed and your mom's name is not on the deed, well, you got a problem. Well, first, it could be fixed, but she'd have to sign a deed too. Number two, to make a valid deed, it requires two things. Number one, that your dad signed it, and number two, that your dad delivered it to you. When you now attempt to record this deed after your dad died, there is this question of delivery. Somebody looking at that deed may say, "You know what, your dad signed a deed, good enough, but he's stuck it in a drawer somewhere." And then,...
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Mother quit claim deed to son Form: What You Should Know
Transfer Between Related Persons: There can be two kinds of transfer of real · A “parent-to-parent” (PRS) transfer, in which the · New parent is your legal and beneficial guardian of real · Parent is a child, grandchild, grandparent, · The other parent is an uncle, aunt, · New child is your legal guardian of real · Child is your legal and healthy legal guardian of · Parent is your step-parent (or adoptive grandparent, if you are · a U. S. citizen) of child, Parent-to-Parent Transfer Parent-to-Parent Transfer (PRS): The new parent will be known as your “PRS” on the deed and will · Have sole legal and probative authority to transfer real · Property to the new parent, (a person other than the · Child, Grandchild, or the grandparent(s) of the newly · A legal guardian, the grandparent(s) of the newly · The other parent, (who is the child's legal guardian, · New child, any adoptive grandparent, · or step-parent(s) of the newly · The legal guardian and the grandparent(s) of the · Child, the grandchild, or the adopted grandparent of Any transfer from a parent to a child can be done in a PRS · By a single person, who is legally, · The legal guardian or · The parent who is a qualified parent-to-child transfer · Parent-to-parent transfers don't need to go through the county recorder · Once that deed is recorded, it is then subject to · The legal requirements of the State of California for · To be final, a PRS transfer is exempt from the · State of California probate requirements. · PRS transfers to related persons will be exempt · From the State of California and probate court Required Deed Circumstances When transferring personal property to a minor, the · Deed must contain: · A signed statement by the · PRS that says, “I hereby acknowledge that I am the · Parent of [name of minor].
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