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Deed In Common. Three parties. Doe and Doe, and, Bob. dies.

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Deed In Common. Three...
Deed In Common. Three parties. John Doe and Jane Doe, ***** ***** and ***** *****, Bob Jones. ***** ***** dies. Does ***** ***** still retain one third ownership of the property?
Submitted: 1 year ago.Category: Real Estate Law
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9/23/2016
Real Estate Lawyer: Richard, Lawyer replied 1 year ago
Richard
Richard, Lawyer
Category: Real Estate Law
Satisfied Customers: 55,869
Experience: 32 years of experience as lawyer in Texas. I'm also a Real Estate developer.
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Real Estate Lawyer: Richard, Lawyer replied 1 year ago

Jim and Mary would each own 1/2 of 1/3 before Jim death. Upon Jim's death, Mary would continue to retain her 1/2 of that 1/3. And, Jim's will would then dictate what would happen to Jim's 1/2 of that 1/3. If Jim did not have a will, then, the Missouri intestate succession laws would dictate who would inherit Jim's 1/2 of that 1/3.

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Real Estate Lawyer: Richard, Lawyer replied 1 year ago

Hi. Your question popped back up on my screen. Please let me know if you have any follow up questions or if I failed to fully answer your initial question. Thank you!

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