Help With Changing Deed With Rights Of Survivorship

highrate | Aug 27, 2019 | 46 posts since 2016

my dad and I own a house with joint tenancy right of survivorship in NJ. He recently passed. I am wondering how to change the deed. My dad had gone over with me assets long before he passed and I am not planning to use an attorney but I am wondering if anyone can give me advice in this matter. I haven't done this before. Thank you in advance for your help

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Answers

RJM_Willy12 | Aug 28, 2019 | 149 posts since 2016

If your town or hamlet has a public books building / library, you might find a book written by an actual solicitor or lawyer on how to settle an estate the proper way.

WonderingWoman | Aug 29, 2019 | 15 posts since 2011

I had to deal with over a dozen pieces of property that were all titled wrong, extremely complicated. I found the ladies in the courthouse, real estate section, were able and willing to give me all the help I needed to untangle the mess. It took awhile as I had to get quick claim deeds from some, then do paperwork correctly, each one was a new nightmare but I got it done for just the filing fees.

GH1 | Aug 27, 2019 | 1,054 posts since 2017

Should be pretty easy. Take the death certificate down to the property tax office. They can do paperwork and fee will be small. You father was smart to have titled properly. Next year your property taxes will surely increase though.

highrate | Aug 27, 2019 | 46 posts since 2016

why will property tax increase? Won't it stay the same? Property was not sold. Any suggestions re being executor. I was going to try to do it without a lawyer

GH1 | Aug 27, 2019 | 1,054 posts since 2017

Because homestead exemption. When title changes property is reevaluated. Cost normally rise . maybe yours will not

GreenDream | Aug 27, 2019 | 358 posts since 2019

in addition to what garyh1961 said, you may not get the same discounts on the taxes that your fathers was getting. for example, If he was a senior and you are not yet one, then you'll be paying more than he was because he was likely getting a senior discount/ property tax freeze (assuming he filed out the requisit forms every year) that you would not be eligible for until you are old enough to claim the senior discounts.

highrate | Aug 28, 2019 | 46 posts since 2016

both the county and a lawyer told me there's no need to change the deed and it is unnecessary expense and they said do nothing about the deed

GH1 | Aug 28, 2019 | 1,054 posts since 2017

Agreed except if father has medical debt outstanding or someone feels they have a interest in his estate. If his name is not on the property it can not be attached. Just a heads up. I have seen it happen. . Death rexords get reported to state and feds. Somewhere along the line you will be notified. Just protect yourself please

highrate | Aug 28, 2019 | 46 posts since 2016

I never thought of that. Are you saying if he is gone and the house passes to me(that's my understanding ) someone with an unpaid bill could go after the house just because I leave my dad's name on the deed?

GH1 | Aug 28, 2019 | 1,054 posts since 2017

Yes its a asset of value in his name.

Ally6770 | Aug 29, 2019 | 4,294 posts since 2010

Also remember you can only have one homestead. You cannot have a homestead exemption for more than one piece of property. The fines and fees are very steep. Seniors that have one home in Florida or Arizona and one in another state have paid very substantial fines and fees thinking they would not be caught.You might contact you local county office. Usually there are lawyers that volunteer different days of the week that will give you 30 minutes of time for questions. Many will also give you ideas of where to get more information for yourself.

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