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Real Estate Matters: Woman’s claim to deceased ex’s home signifies the importance of estate planning

Ilyce Glink and Samuel J. Tamkin, Tribune Content Agency on

Q: My friend prepared his will and specified that his house would go to his girlfriend. She had contributed money to the upkeep while they were together.

At the time, they both owned the home. Subsequently, they decided to break up. When they split up, she agreed to quitclaim her interest to my friend in exchange for the amount she contributed to the home. The document she signed conveyed her ownership in the home to him, released her interest in the property forever, and she agreed not to claim any future right to the property.

My friend died and it turns out that he never changed his will. Now she wants the house. His kids want to know whether she has any rights to the home.

A: Your late friend’s situation is a textbook example of why estate plans need to be reviewed regularly, but in particular, after a major change of life: relationships starting and ending; having a baby; receiving a major inheritance; extended family or the special needs of an adult child, whether due to illness, addiction, abusive relationship, etc.

Estate plans typically include a will, a living will, powers of attorney for health care and financial matters, various types of insurance and possibly trusts. If you don’t keep these up to date as your life goes through various changes, your heirs could wind up with a nightmare scenario, which is what this sounds like.

So, let’s unpack it: You said that the girlfriend signed over her right to the home when they split up. At that point, she could not have made a claim against the home, but what we don’t know is what your friend’s wishes were with respect to the disposition of the home after his death.

 

That’s where your friend’s will comes into play. When a person signs a last will and testament, the document shows the world what that person wanted done with their worldly possessions at the time the document was finalized. A will is considered the final legal documentation that lets the world know who should get what from the deceased person’s estate (and who doesn’t get anything).

Crafting a legally-binding will means going through many hoops to finalize the document. The process starts with finding an attorney or buying a software program to draft the will. In either instance, he answered a ton of questions about what he owned and what he wanted done with his real estate and other assets. When he finished answering all the questions, the result was his last will and testament that included information about who was going to get his home.

But the process didn’t end there. Your friend then had to sign the document before a notary and several witnesses. He might have even initialed each page of the document. If you were to see the document, you’d probably see his signature or initials on each page and on the last page the signature of a notary with the notary stamp and the signature of up to three witnesses.

That’s a lot of steps to go through, and the purpose of the process is to make sure that the document evidences his wishes and sufficient people see your friend sign the document to know that he was “of sound mind” when he signed it.

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