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INHERITED HOUSE

Selling a House You Inherited

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Whenever a homeowner passes away, they may have established a will and testament, which is a legal document that indicates the names of those who will inherit the home, plus how their property will be distributed. Those who are listed on the will are known as the executor of their estate (the person[s] in charge of the property). In the state of Missouri, after a homeowner dies, the process of transferring ownership (title) of a property is called Probate. Simply put it, is the legal way of inheriting a house.

Property Tax

Whenever a homeowner passes away, they may have established a will and testament, which is a legal document that indicates the names of those who will inherit the home, plus how their property will be distributed. Those who are listed on the will are known as the executor of their estate (the person[s] in charge of the property). In the state of Missouri, after a homeowner dies, the process of transferring ownership (title) of a property is called Probate. Simply put it, is the legal way of inheriting a house.

Probate Process

The Missouri probate process is completed through local probate court. The court uses probate to determine who the rightful recipient(s) are of a property. The two (3) main forms of probate options that help determine the rightful owner of a property are:

 

  • Informal Probate

  • Unsupervised Formal Probate

  • Supervised Formal Probate

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FORECLOSURE

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LIENS

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