Posted on: 07th Dec, 2009 07:35 am
my daughter and son in law are filing for bankruptcy, they have moved out of their home into a home that i own which has a small mortgage on it. my question is, can i put my daughter on a quit claim deed on my second home in order to claim the homestead property tax credit or will their creditors be able to come after my second home if she is on the quit claim deed ?
thank you
thank you
Hi bdlovett,
If you sign a quit claim deed and add your daughter to the property deed, then, she would become one of the owners of the property. In that case, she will have to include the property as her asset while filing bankruptcy. The trustee can come after the house if she is on the deed.
Thanks
If you sign a quit claim deed and add your daughter to the property deed, then, she would become one of the owners of the property. In that case, she will have to include the property as her asset while filing bankruptcy. The trustee can come after the house if she is on the deed.
Thanks
hi,
if you do a quit claim deed and add your daughter, then she will also be a owner of the property. as she is filing bankruptcy, she will have to mention this property in her assets list as she is also the owner of this property.
if you do a quit claim deed and add your daughter, then she will also be a owner of the property. as she is filing bankruptcy, she will have to mention this property in her assets list as she is also the owner of this property.