What forms is needed to show I am renting to own my home in case the owner passes away?

Full question:

If I buy a house by rent but I do not have any legal paper, except personal paper signed by the owner. Who is going to be the new owner if the current owner died?

  • Category: Real Property
  • Subcategory: Deeds
  • Date:
  • State: Pennsylvania

Answer:

The answer would depend on the type of papers you have, who is named on the deed and in the current owner's will, liens and claims on the property, and other factors. I suggest you consult with a local attorney who can review all the documents and facts involved.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

The best way to transfer property after death is typically through a will or a trust. A will specifies how the property should be distributed, while a trust can allow for a smoother transfer without going through probate. It's essential to ensure that the property title is clear and that any necessary legal documents are properly executed. Consulting with an estate planning attorney can help you choose the best method based on your specific circumstances.