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Lv 6

can you inherit property without going through probate? Oklahoma?

my mother left a living trust, dividing equally among her children. Rather than sell the house, we would like to transfer ownership to one child. This is in Oklahoma, every one we have asked refers an attorney, so leave that suggestion out. thanks

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  • Anonymous
    1 decade ago
    Favorite Answer

    So, as beneficiaries on the trust, each child owns 1/3rd.

    How is the child who wants the house planning to pay off the other 2?

    For example, if the house is worth $60,000 (say there is no mortgage) on the date of death, each child owns a $20,000 interest. Is this child planning to pay the others $20,000 each? If so, the trust can sell the house to that child. The trust return shows $60,000 as the sales price, $60,000 as the cost basis and $0 gain.

    If the other children "gift" their interests and their interest is more than $12,000, gift tax forms need to be filed.

  • 4 years ago

    "HOW precisely ARE YOU GOING TO INHERIT THE EARTH without BEING HEIRS WITH CHRIST" No, they are heirs of the dominion. John 3:3 states that no guy will see the dominion of God except he's born back. So, because thats the case, how are each and all the prophets of previous going to inherit the dominion because they weren't born back too? in fact, this inheritance became in basic terms given to the little flock, alongside with Jesus Christ. ASV Bible Luke 12:32 "don't be afraid, little flock, to your Father has chosen gladly to furnish you the dominion. all of us have the possibility to inherit eternal existence, and thats the possibility all of us have. So, how are we going to inherit the earth? Its no longer talking that of a literal planet, yet of the floor of which we could stay. with that pronounced, we are additionally to very own it -Psalms 37:11 understanding each and one and all of those issues, Jehovah God is the only that each and one and all of those issues belong to. replace: Anna quote: Anna, right it is the place your blunders are on your statements. a million - "The little flock and the different sheep have been extra at the same time in one fold, with ONE wish, ONE shephard." 2 -"The prophecy of bringing different sheep into the fold is fulfilled" Whats incorrect with those statements is which you pronounced that Jesus prophecy reported that he brings the different sheep into the fold, nicely the scripture does not say that. examining the context of the verse, the sheep at the instant are not extra into the different fold, they only substitute into one flock. So its easily talking of followers of Jesus Christ and not that of the Jews and Gentiles. The Jews and Gentiles are easily describe via the olive tree. --Ezekial 36:26-27-- this does not help any of the prophets of previous being born back. based on the money owed of the Hebrew scriptures, none of them envisioned to be resurrected into to Heaven, they have been easily anticipating to be improve bodily. As for the anointed Christians, they referred to as the fleshly physique a tent, in assessment to those prophets of previous.

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