Tag: real estate inheritance
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Can a Transfer on Death Deed Save Your Family Money?
Seniors hold deeds to a third of all owner-occupied homes. In the coming years, they’ll spend a lot of money in estate planning. Those who want a simple, cheap way to transfer the home at death have a new option in many states: the transfer on death deed (also known as a TOD deed, or…
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If We’re Not Married, Can I Pass My Co-op Unit to My Partner?
It’s a frequent question in New York City, where owning a co-op apartment is the norm. Of course, co-ops can be found nationwide. What are the rules for bequeathing these units to an unmarried partner? Does the co-op board have to approve the beneficiary when the time comes?
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Iowa Deed News: Transfer-on-Death Debate, Property Tax Update, and Eminent Domain
Lisa Houser, who directs Habitat for Humanity of Iowa, tells some harrowing stories. Stories of residents who deal with broken HVAC systems in extreme weather, or suffer major damage in disasters. Residents who’d be eligible for aid—if only the deed were in their names! The cost of probate keeps quite a few households sidelined from…
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We’re Inheriting a Deed Together (And My Co-Owner Has No Job)
Meet Terry, a new deed holder. Terry received the home from his mother. “My mother recently passed away,” as he tells the story. “I inherited the deed, with my sister. My mother was supporting her, but that’s come to an end.” His sister is already living in what used to be their late mother’s home.…
