relinquish my rights as Next of Kin
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relinquish my rights as Next of Kin
My Mother passed away two weeks ago. She owned a Condo in Florida that my Grandpa still alive bought for her. He is going down there next week to try and sell the condo and clean it out. Since I am next of Kin and my mother didnt have a Will or very many assets at all other than a life insurance policy that I am the beneficiary of I believe Im legally next in line for her estate. My question is, My grandpa needs to have me sign a legal document relinquishing my right as next of Kin in order to gain ownership of her condo and resell it without me needing to be involved. If I sign this document, does that mean that he is now legally the owner of this insurance policy?
Asked on January 4, 2018 under Estate Planning, Minnesota
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
I am so sorry for your loss. This is a question best asked to an attorney in person. But from what you have written the answer is yes, if you relinquish your rights to your Mom's estate or an asset in the estate you lose your right to inherit it or the proceeds from the sale. Is your Grandpa the Persoanl Representative of your Mom's estate? That is what is needed t do anything at all here. If he is, he has the ability to clean out and sell the condo without the need for you to relinquish your rights. Please speak with a lawyer. Good luck.
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