Do I need to change the deed to an inherited residence?

Your question may be a little more complicated that you realize.  The Answer is that no one is going to take it away from you if you do not transfer the title.  But, the title will have to be transferred at some point prior to selling the property.  You can do it now or later but be careful that the title issue does not delay your closing when you are ready to sell.   Good Luck Don Eby