If my late father owned real estate in another county and I have possession of the warranty/quit claim deeds, how do I go about transferring the properties into my name?

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If my late father owned real estate in another county and I have possession of the warranty/quit claim deeds, how do I go about transferring the properties into my name?

Also, must I do this for property tax reasons or can the properties stay deeded as they are?

Asked on January 18, 2013 under Real Estate Law, Colorado

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

I suggest that you consult with a real estate attorney about your matter before recording the presumed signed warranty/quitclaim deed by your father with the county recorder's office where the real estate is owned.

If your late father gave you the property in his Will or trust, then you might wish to probate the estate or administer the trust where you would get a stepped up basis on the property which will benefit you with respect to tax issues in the event you wish to sell it later on.


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