How can I get property in Arkansas that's in my deceased parents name transferred in my name?
Country relating to Question: United States
State (if USA): Arkansas
Talking to an attorney in Arkansas who stated that all living siblings must sign a document relinquishing any claim to the property.
What you have been told is correct. Upon an individual's death, his or her interest in property is transferred to the person or persons named in their will. If they have no will, then their property interest will be distributed among their heirs in accordance with the Arkansas inheritance laws. Once distributed, those heirs can then decide what they want to do with it. They can decide to transfer their individual interests to a single person. This transfer can occur several different ways, though, so there is no single document. For example, interest in the property can be sold or it can be donated or gifted. The best option to achieve the transfer depends greatly on the parties involved, the nature and value of the property, and the tax implications. For this reason, I would suggest that you speak with both a local lawyer who can prepare the necessary paperwork for you, but also speak with a tax professional in your area who can advise you as to which method would be the least expensive in the long-run.
Experienced practitioner in probate and succession law.
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