Legal Question in Real Estate Law in Maryland

My parents are deceased. Their house goes to the 4 children left. One of them wants to put the house in their name to be able to not have to find a couple of them everytime a signature is needed. Not really worried about trust issues but would like to cover my butt so to speak. Seems to me the parents will stating all 4 children everything divided equally would be nulled and void so to speak. What documents should I expect to be included before I agree to this. Just in case this person's life ended or was incapacitated in any way I would want my parents house to go back into at least my name if not the remaining 3 of us siblings not to my brother's beneficiary which would be his wife and children. You can contact me at [email protected]

Thanks


Asked on 4/19/12, 5:54 am

1 Answer from Attorneys
Robert Sher Wagshal and Sher

The 4 of you should enter into a written agreement appointing whoever you want to act on your behalves with respect to transactions regarding the property. However, all 4 names should be on the deed as grantees from the estate. The agreement should be specific as to the extent of the authority you are granting to the "managing" sibling, and you may have to execute limited powers of attorney. I strongly suggest you consult an attorney versed in these matters to draw up the legal documents.

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Answered on 4/19/12, 6:56 am


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