Yes. If and only if the parent transfers the property to self and the child as joint tenants with the right of survivorship.
Of course. Arrangements should be made for any of the heirs to visit the property before it is sold.
It depends on who is being described. If there is one parent, it is parent's: the parent's car was parked outside. When describing several parents, it is parents': the parents' children were playing on the field.
No. A Will does not become operative until the testator has died. The executor named in a parent's Will to distribute their estate after their decease has no right to take the parent's property while they are still living.
If you are an underage parent that lives with your parents they have a say in your life as it affects your child. They do not have a say over your child directly.
No, the property cannot be sold without the consent of both parents on the survivorship deed. The survivorship deed means that the property automatically passes to the surviving parent upon the other's death, but both parents must agree to any sale during their lifetimes.
In Louisiana, when a parent dies and still owes money, the child typically does not inherit the parent's debts unless they have co-signed a loan or are a joint account holder. The child's inheritance will be used to pay off the deceased parent's debts before any assets are distributed to the heirs. It's important to consult with an attorney or a financial advisor to understand the specific circumstances and legal implications.
A good parent is responsible for knowing what their child is doing, and who they are doing it with. Knowing the child's friends is a key way for parents to pay attention to what the child is doing when the parent is not directly supervising them.
No. You have no rights in a parent's property while they are living. An inheritance comes from the property a decedent owns at the time of death. Death makes that property 'inheritable'. There is no such thing as an inheritance from a living person.
That means that the parent gets some extra money and the property stays in the family.
If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.
Absolutely. The account will have been opened by one of the parents - therefore legally speaking the account is the parents property, with the child as beneficiary. If the parent falls behind with the mortgage, the lender can seize anyassets deemed to be owned by the parent !
All the parties must sign the deed as grantors: the parents and the remaindermen.