{"id":4074,"date":"2019-08-14T12:00:48","date_gmt":"2019-08-14T17:00:48","guid":{"rendered":"http:\/\/www.new.lawofficeresponse.com\/legacylawfirmnew\/?post_type=blog&p=4074"},"modified":"2021-08-17T10:32:22","modified_gmt":"2021-08-17T14:32:22","slug":"what-do-we-do-with-moms-house-when-she-dies","status":"publish","type":"post","link":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/what-do-we-do-with-moms-house-when-she-dies\/","title":{"rendered":"What Do We Do with Mom\u2019s House, When She Dies?"},"content":{"rendered":"

\"\"It\u2019s not uncommon for the surviving parent to leave the family home to her children. At the parent\u2019s death, questions often arise concerning how long the children have before they must sell it or change the deed. What if one sibling wants to live in the home for a while, before it is sold?<\/p>\n

nj.com\u2019s <\/em>article on this subject asks, \u201cMom died and left us her home. What do we have to do next?\u201d<\/em><\/a> According to the article, the executor is tasked with gathering the assets, paying the debts and taxes (if any) and then distributing the assets, in accordance with the parent\u2019s will.<\/p>\n

If the home was in the parent\u2019s name alone, it makes the property a probate asset that\u2019s passed according to the will. In addition, if the will provides that under the residuary clause everything that\u2019s left is to be distributed equally among the children, it will give the executor discretion to liquidate and then make the distributions.<\/p>\n

There also may be a specific provision in the will covering the home.<\/p>\n

There\u2019s no specific timeline as to when the property has to be transferred. However, the executor is required to act prudently and in a reasonably timely manner.<\/p>\n

In this situation, the home will most likely be sold. It is also the executor\u2019s responsibility to pay the bills associated with the home, until a buyer is found.<\/p>\n

If one child wants to live there, and it\u2019s agreeable to everyone, make sure that she doesn\u2019t refuse to leave, when it comes time to sell.<\/p>\n

Note that landlord-tenant laws protect a tenant and may create an issue. The executor may want to talk with an attorney to determine what steps are necessary to protect against the tenant refusing to leave.<\/p>\n

Reference<\/em>: nj.com <\/strong>(April 1, 2019) \u201cMom died and left us her home. What do we have to do next?\u201d<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The executor is responsible for finding a buyer and doing all that is necessary to get the best price possible.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1156],"tags":[154,123,76,201,214,124],"_links":{"self":[{"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/posts\/4074"}],"collection":[{"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/comments?post=4074"}],"version-history":[{"count":1,"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/posts\/4074\/revisions"}],"predecessor-version":[{"id":10103,"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/posts\/4074\/revisions\/10103"}],"wp:attachment":[{"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/media?parent=4074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/categories?post=4074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.new.lawofficeresponse.com\/legacylawfirmbuild\/wp-json\/wp\/v2\/tags?post=4074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}