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Dad is without a will due to his playing lawyer and editing his copy after the notary had authenticated his signature. Most of his assets already have a beneficiary listed, but his house does not. He is willing to sign a quit claim on the house, but given that you inherit property on a stepped up basis is it better that it go through probate? It's worth noting that the house is probably only worth about $50,000, down from the $60,000 he paid 18 months ago, and with significant amounts of money sunk into it to improve it. The quit claim lists the price as $1. The property is in NC.

I'm cross posting this on the buying and selling board and the taking care of parents board, but wondered if any of you had gone through it.

TIA,

IP
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