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Several heir want to transfer their interest in a house to another heir but one of the heirs does not?
Answer:
The heirs who want to transfer their interest may do so by a quitclaim deed or deeds. The one who does not want to transfer her interest can retain it.
For example, if Jan, Sandy, Judy and Bob inherited property together Jan and Sandy could transfer their interest to Bob. Bob would then own a 3/4 interest and Judy would own a 1/4 interest. They would need to come to some agreement about expenses. Judy would need to pay a portion of such expenses as insurance, maintenance and taxes since she retained an ownership interest in the property. Judy and Bob would each have the right to the use and possession of the property.
For example, if Jan, Sandy, Judy and Bob inherited property together Jan and Sandy could transfer their interest to Bob. Bob would then own a 3/4 interest and Judy would own a 1/4 interest. They would need to come to some agreement about expenses. Judy would need to pay a portion of such expenses as insurance, maintenance and taxes since she retained an ownership interest in the property. Judy and Bob would each have the right to the use and possession of the property.
First answer by Kluss.
Last edit by Kluss.
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