Disposing of property

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  • #4212

    Bessie
    Participant

    Have a situation where entire family wishes to donate one sole tract of property to one family member. In a case where valuables are not substantial enough to require succession on property, how does one legally place property in their possession without using actual succession to do it so property can legally be transferred to one sole owner and be used by owner ? Thank you.

  • #4215

    Lex
    Keymaster

    If property is titled to a deceased person, there is no way to have good title without a succession. If the estate is valued less than $75,000, however, there is a procedure that would avoid a full-blown succession. It is called a small succession affidavit and no court filing is required.

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