When you’ve recently lost a parent, the last thing you want is more stress. But if you’ve inherited a house or property with a house attached, it can be difficult to transfer the deed from your parent’s name to your own, a must if you want to sell the house fast for cash. If you’re struggling to get your inheritance under property law, because you need to sell the house quickly, don’t fear any longer- instead, follow these helpful tips to take what is yours.
Working With Your Executor
If your parents left their last wishes in a will and testament, this process becomes a lot easier for you! The executor of your parent’s estate- the lawyer who reads out the will and helps ensure that everyone gets their inheritances- will simply transfer the deed into your name so you can sell your house fast for cash. This is the simplest way to gain your parent’s property, and you don’t even have to do anything! If this is your case, and it seems like things are moving too slowly for comfort, talk to your executor- they’re more likely to know the specifics of your case.
No Will?
If your parents didn’t leave a will, however, it can be a little more difficult to get your property. It will fall into the hands of the state, who may or may not auction it off to pay for various debts and legal fees. If they don’t decide to auction it, the house is most likely to go to your parent’s spouse, and if they didn’t have one, it would go to the eldest child. This process will take some time, but once it’s over, you can sell your house fast for cash.
Joint Ownership
If a property is co-owned when your parent dies, this will change who inherits the property. Typically, joint-ownership means that when one owner dies, the other inherits all of this. In married couples, this typically means that the surviving spouse owns the property; in other tenancy situations, it can get more complicated. Talk to the executor of your parent’s will if you’re not sure how the house was owned; there are many different ways that people can co-own a home.
Transferring Inherited Property
Earning your property from your deceased parent is actually simpler than you might think. If your parents have left behind a last will and testament, most of the legwork that you need to do in order to take possession of their property is to talk to their executor. Don’t fear working through new inheritances; instead, it’s simple enough to figure out how the home was owned and who to talk to. From there, you can sell it fast for cash to help deal with some of the other expenses your parents may have left behind.