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A home owner can sign over the deed to his children. Usually an attorney is engaged to make sure everything is legal and then filed properly with the county.

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What does retirement annuity mean for a pensioned insurance owner?

A retirement annuity will give you a guaranteed income after you retire. If the annuity is owned by an insurance company then they will have control over your money so it is important to shop around for the best deal.


Is a person who is 65-years-old and retired responsible for paying a loan they co-signed for if the owner defaults?

Yes - unfortunately when you cosign a loan - you cosigned a loan and if the owner defaults you are still responsible no matter how old you are. You could check with the lenders but wait until they contact you.


How do you convert a 33 unit rental condo building to an owner occupied 50 and older retirement condo complex?

Your terminology in the question is confusing: either your building is a rental building, or it's a condominium building. Each presents different challenges for conversion. If your building is a rental building, the owner can hire an association-savvy attorney to develop the governing documents, and work with a team to establish conversion prices, move-out arrangements for tenants who chose not to buy, and identify residents who won't be required to move. If your building is a condominium, your association-savvy attorney can help you survey owners to identify the chances of gaining the uber-majority of votes required to amend your governing documents. Then, the attorney can draft the amendment and lead the membership through the voting process. Again, logistical arrangements for residents who do not qualify under the new governing documents and will be required to move, must be made and implemented.


Do you pay tax on rented property when you are retired?

Real estate taxes are charged to the owner of real estate not the renter. Indirectly the renter is paying for a portion of the real estate tax in the rental rate being charged by the owner. If your question concerns the renting of property that you own as a retired person, contact the local assessor in your city or county, as the tax laws vary by state within the United States.


In Florida what are the rights of adult children when parent remarries and then dies and parent at the age of 80 plus made many accounts joint with 2nd spouse who survives him?

The ownership of the joint accounts passes directly to the surviving spouse. Every person has the right to determine what will happen to his property upon his death. During his life this parent chose to hold those accounts jointly with his wife. They are now her sole property.

Related Questions

When moving to a new house do you still get charged for taxes from your old house?

no you don't your not the owner no more so it corresponds to the bank.


What is the best retirement plan for an S Corp owner?

The best retirement plan for an S Corp owner is typically a Solo 401(k) or a SEP IRA. These plans offer tax advantages and flexibility for saving for retirement.


What does Michael Jordan do since retirement?

He is a part owner of the bobcats in Charlotte.


Who is the legal owner of a terraced house chimney and who is responsible for its repairs?

The owner of the house.


What minor league of basketball team did Michael Jordan play after his retirement after his retirement from basketball?

he didnt btu he later became owner of charlotte bobcats


Who is responsible for taxes on the house renter or owner?

owner


Who is the owner of rose hall great house now?

Who is the owner of the rose Hall great house


Can you compromise to make a for sale house for rent?

The owner of the house might choose to do so, or not. It really depends on the circumstances. It's certainly possible; however, it's also possible the owner needs to sell the house, not rent it (for example, if the owner is moving a long distance away, he may need to sell the house in order to buy a new one, or may just not want to deal with the hassles of renting a property that he cannot easily oversee), in which case he is unlikely to "compromise".


Can one co-owner stop the other co-owner from having people in the home or moving people in the home?

Yes, one co-owner can stop the other co-owner from having or moving people in the home.


Can your husband sell your home from under you and your children after eight years of marriage?

Only if he owned the house before your marriage. If the house was purchased during the marriage, you should be part owner and he would not be able to sell the house without your approval.


Who rented a house next to the House of Lords?

owner


In the House of Dies Drear why the tunnels and secret passageways been developed?

It is because the house was a stop in the moving of slaves. The passageways helped keep the slaves safe from the slave catchers or bounty hunters who wanted to return them to their slave owner