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Updated almost 7 years ago on . Most recent reply

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58
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Min Kim
  • Knoxville, TN
7
Votes |
58
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Transfer of Home Upon Death

Min Kim
  • Knoxville, TN
Posted

Hey everyone,

My parents have currently been in their current home for about 15 years and with my dads health declining, they are concern what will happen to the house. It’s currently only under his name.

He wants the house to go to me so that I can take care of the home due to the language barrier my mom would have with dealing with any paperworks. He has put it in his will that the house transfer over to me.

Question is, will there be any problems that we could run into? Should we do anything else so that the transfer goes over smoothly?

Thanks in advance!

Most Popular Reply

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8,353
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
10,240
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

Under the Washington Uniform Real Property Transfer on Death Act (RCW 64.80.010, if you're curious), the owner of property can create a TOD deed, which transfers the property upon the owner's death.

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