My question involves real estate located in the State of: Tennessee
My mother and I cohabit a home in Tennessee. I have a brother who lives in Florida who recently married a fairly unpleasant woman. To describe, I ain't sayin' she a gold-digger, but she ain't messin' with no... well, you get the picture.
Anyway, we have recently been discussing the fact that my mother wishes to ensure that when she dies, my brother's wife doesn't get her hands on the house, and we thought of a Quitclaim deed. My question is as follows:
If we do a quitclaim, do I have to pay estate taxes or whatever on the house once she dies and it goes into my name? Can the quitclaim be challenged if my brother or his wife decide they want to dispute her will? (I ask because due to both my brother and his wife's actions, my mom is getting ready to almost entirely cut him out of her will.)
Also, does the quitclaim have to be done through an attorney, or can we download one of these forms off the Internet and have it notarized and then just file it with the county?
Thanks in advance.