What Happens If a Property Owner Dies?

Here’s what happens to a property if the owner dies:

Joint Ownership: If there’s a surviving owner, they can apply for a survivorship transfer to become the sole owner. A death certificate of the deceased proprietor will be required.
Multiple Surviving Owners: The property can be transferred to their joint ownership through a survivorship application.
Sole Ownership: The executor or administrator of the deceased’s estate must first have the property transmitted to their ownership, and then they can sell it or transfer it to a designated beneficiary. For a transmission application, the executors need to produce their probate certificate. A copy of the will is required for a subsequent transfer to a designated beneficiary.

If you are looking for a meticulous conveyancing company, contact Glenferrie Conveyancing at Northcote on 03 9815 2351 for more information.