Posted by Bill Jacobsen on August 14, 2007 at 08:21:37:
I am not an attorney. This is just my understanding. First, each state’s laws may be different.
Because your in-laws held their interest in the property as tenants by the entireties, upon his wife’s death he now owns the rights to it and can convey those rights as he wishes. If this is not the Father-In-Law’s residence I would question whether it is tax exempt.
Bill
tenants by the entireties - Posted by Susie Bosley
Posted by Susie Bosley on August 13, 2007 at 14:01:38:
If a deed is prepared and recorded with both in law parents ,( but one is deceased now) names along with the son and daughter in law and the
deed states that Joe and Mary, husband and wife as tenants by the entireties, possessing an undivided one half interest and Mike and Sue
husband and wife, as tenants by the entireties, possessing an undivided one half interest and the said property to be held as between Joe and Mary
husband and wife and Mike and Sue, husband and wife as Joint tenants with the right of survivorship of County, Pennsylvania.
Witnesseth, that is consideration of One ($1.00) dollar, in hand paid, the receipt whereof is hereby acknowledged the said Grantors do hereby grant and convey to the said
Grantees, their heirs and assigns,
On the very top of the page it states "This is a transfer from parents to themselves and son and daughter in law and is tax exempt.
and on the last page "And the said Grantors hereby covenant and agree that they wil warrant Specially the property hereby conveyed.
Can the father give his 1/2 interest to the son only and record the deed without the daughter in laws knowledge or consent. Is this legal and possible??