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The ability to transfer property to children before a person develops dementia varies by jurisdiction and individual circumstances. Generally, it can be done as long as the individual is still competent to make such decisions, typically several years before dementia manifests. However, it's essential to consider potential legal implications, tax consequences, and the need for proper planning, such as establishing a trust. Consulting with a legal or financial advisor is recommended to navigate these complexities.

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AnswerBot

4d ago

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Related Questions

Can a will be legally changed if the person has dementia and the power of attorney is not notified or present at the time?

If the person was of sound mind when they made out their 'last' Will and Testement then it's legal and binding. Most people do so earlier on before they become very ill.


Is it possible to inherit property before someone's death?

Yes, it is possible to inherit property before someone's death through a process called inter vivos gifting or through a trust arrangement.


Mother has dementia and is in a nursing home Her attorney is not willing to give her adult children a copy of her will and trust What can you do?

There is not much you can do. There is no right to see someone else's will before they die. There is no right to see a trust. You can consult a probate attorney in your area, but until your mother passes away, you have no right to the will.


When was Rosa Parks diagnosed with progressive dementia?

Rosa Parks had dementia for a few years before she died and died with it


Can a mortgage be omitted from probate if the property was deeded to someone else before death?

No, the mortgage is a debt of the estate. That mortgage must be resolved before the property can be transferred.


Does dementia set in before one dies?

SOME people do go through a period of dementia- some do not. No one answer there- sorry.


Can children of a deceased parent be allowed access to parents property after probate but before selling?

Of course. Arrangements should be made for any of the heirs to visit the property before it is sold.


Do deeds super cede wills?

If a person who owns property conveys it by deed before their death and they bequeathed the same property to someone else in their will, the deed prevails. If the property was already conveyed to someone else the property was not part of the estate assets when the testator died.


How long can you detain someone that has broken into your property before you can be charged with deprivation of liberty?

Call the police as soon as you can.


Can someone claim loss rent for a property that was sold?

Yes, if the rent arrearage was incurred before the sale.


Is it illegal to take pictures of someone on private property?

In general, it is not illegal to take pictures of someone on private property if you are in a public place and not trespassing. However, it is important to respect people's privacy and property rights. If you are on someone's private property without permission, it may be considered trespassing and taking pictures could be illegal. It is always best to ask for permission before taking photos on private property.


If my daughter dies before me what happens to the life estate I made?

I will assume that you conveyed your real property to your daughter and reserved a life estate in that property. In that case, your daughter is the owner of the property. She can leave it to someone in her will or it will pass to her heirs-at-law under the laws of intestacy in your state. Generally, if she is married with children, her husband and children will inherit the property if she has no will. You can check your state laws of intestacy at the related question link provided below. Your daughter's death will not affect your life estate. Whoever would inherit her property upon her death either by will or by intestacy would inherit it subject to your life estate.