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You should seek the advice of a real estate/estate planning attorney in your area who is familiar with the property laws in your state. There may be tax consequences. You should also discuss the consequences of a conveyance to your married daughter under the statutory provisions of your state.
What else can I help you with?
Can you take out a home equity loan on a house if you are not on the first mortgage but are on the deed with your parents?
Yes but your parents being on the deed will have to also sign.
Is a deed from the county courthouse of a deceased parents house good enough to stop probate?
A deed does not stop probate from taking place. If the deed had a right of survivorship, then it might prevent the house from going into probate.
If you have a house before you were married in nys does it get split in a divorce?
No, not unless you put your spouse on the deed.
I live in Minnesota. My second husband owed a house when we got married. The deed is in his name only. If he dies does the house go to me or his older children?
Unfamiliar with your state laws, it may come down to a will to see who is decreed the house between you and his children. Best to ask him now as to his intentions while there is time.
What would happen if you lives with your mother who dies with an unpaid mortgage and your name not on the loan or deed?
Children will normally inherit their parents' property, which will include the equity in a house, even if the mortgage is not fully paid.
My husband died five months after marriage who get the house and he had house before we married do I inherit it?
If no one else's name is on the deed you would get it.
Does a will from 1995 nameing uncle executor over estate override deed recorded at court house 1997 when ex husband dies me and two children on deed?
No. The deed will rule and the will shall have to adjusted accordingly.
What rights to the adult children have when it comes to property purchase by the children but willed to a friend?
That will depend on the names on the property deed or registration. If we are talking about gifts of electronics or other items, there is none. If it is a piece of real property (land or house), the deed will control. If the only name on the deed is that of the deceased, the adult children have no say and the deceased can do what they wish with it.
Can you file bankruptcy if your name is on your parents deed?
Maybe. If your parents are living in the house and you're not, you may be considered to have only an equitable interest, especially if there is not much equity in the house. If you live in the house with your parents, you may be enttiled to a homestead exemption, but this can be tricky. Talk to an experienced bankruptcy lawyer.
How do you Give your house to my children now with my lifetime rights?
What you would do is deed the house to your children, usually with a quit claim deed. Simultaneously, your children would sign a life estate, which would give you the right to occupy the property for the remainder of your natural life. An attorney or possibly a title company in your state can quickly and inexpensively prepare these documents for you.
WI - husband owned house before you married you cosigned loan to refinance but your name is not on the mortgage or deed What happens if he dies He also has 2 adult children Do you lose ownershi?
Usually in these, cases ownership will go to the surviving spouse.
What if you own your house before you were married then after you were married you refinance your home to put your spouse on the deed and the morgage then you get divorce?
You need to talk to a divorce lawyer about that.
