When 65 Heirs Need To Sign

Merci ! Partagez avec vos amis !

Vous avez aimé cette vidéo, merci de votre vote !

Ajoutées 1 semaine by

0 Vues

Without a will and the process of probate, property ownership can become incredibly complicated, especially if multiple heirs are involved. When a property owner dies intestate—without a will—their property typically passes to their heirs according to the state's inheritance laws. However, the key challenge is that all heirs must agree and sign off on any decisions regarding the property.

For older properties, this can lead to a logistical nightmare. Over generations, the number of heirs can multiply significantly. Imagine a property owned by someone who passed away decades ago. If they had five children, and those children each had children, and so on, the number of heirs with legal ownership rights could easily reach the hundreds.

Tiffany Webber is a real estate attorney and owner of Thomas & Webber, a real estate law firm in Mooresville, North Carolina. They handle both commercial and residential real estate closings, estate planning, and business formations.