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  1. #1

    Default How Does a Gift Transfer or Partial Gift Transfer of Property Work

    My question involves estate proceedings in the state of Iowa. Sibling did a gift or partial gift transfer to an individual of a home that was inherited by said sibling when parent passed. I would like to know what this means when my sibling dies to this individual and if I have a legal right to object to this. Also, do I have a legal right to the belongings in the home since I am the only living relative.

  2. #2
    Join Date
    Apr 2009
    Posts
    318

    Default Re: In Iowa, How Does a Gift Transfer or Partial Gift Transfer Work for Property

    I'm not certain if I understand this correctly.

    Your sibling inherited property from his parent. The sibling then gifted the property to someone else. Is that the situation?

    If so, then the sibling does not own the property any longer and it will not be part be part of the sibling's estate when he/she dies.

  3. #3

    Default Re: In Iowa, How Does a Gift Transfer or Partial Gift Transfer Work for Property

    Yes, I believe you understand my question except the Deed is still in my sibling's name and the giftee. Does this still apply?

    Also, 2nd part of question, does this apply to the belongings in the house? When parent passed, belongings were to be left to me and due to tension from sibling, was unable to secure said belongings at the time of parent's passing. It has been six years now. Is there a time limit to which I am allowed to obtain said belongings?

  4. #4
    Join Date
    Apr 2009
    Posts
    318

    Default Re: In Iowa, How Does a Gift Transfer or Partial Gift Transfer Work for Property

    Quote Quoting Mountaintopcat
    View Post
    Yes, I believe you understand my question except the Deed is still in my sibling's name and the giftee. Does this still apply?
    It depends upon the form of ownership. If the sibling and giftee own it as joint tenants with right of survivorship, then the interest of the first to die transfers to the other owner through operation of law. If it is owned as tenants in common, then each owner can dispose of their interest by will or intestate succession if there is no will.

    Also, 2nd part of question, does this apply to the belongings in the house? When parent passed, belongings were to be left to me and due to tension from sibling, was unable to secure said belongings at the time of parent's passing. It has been six years now. Is there a time limit to which I am allowed to obtain said belongings?
    What do you mean by "..were left to me?" By a will's provisions? Was probate opened for the parent's estate?

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