Quote:
Originally Posted by Challenger
I see so many references to putting "names on "deeds". This can be a very bad choice. Not something to be done casually. Can cause severe agnst in your life.
You are changing ownership which can bring lots of trouble. Family fights and disagreements , Tax issues , liability and so many more.
Talk first to a "Real " attorney with Estate and Real Estate expertise.
Don't count om advise from amatuers on this forum.  |
I most certainly agree with what you have stated and this decision my parents made was done under the council of a lawyer. Both my sister and I were widows when this took place so there were no issues with the home getting caught up down the line in a divorce settlement if that should have happened.
Fortunately my parents did very good estate planning, and this combined with the fact that I have a wonderful sister we were able to settle our parent's estate very easily. I know this is probably the exception rather than the norm, as I have several friends who have dealt with home deed nightmares.