Posted on: 22nd Apr, 2010 06:49 am
Mom left the house equally to her four adult kids, we want to let our sister, age 66, live in it for a few years before selling, she will pay all bills including property taxes, my question is how do we have our names on the deed, can we leave the house in the trust, create a new trust or start a partnership or LLC? We want to protect our personal assets as much as we can. the house is in Riverside Co. Ca.
Thank you
Thank you
hi guest!
welcome to forums!
you and your siblings can use a quit claim deed in order to transfer your share of the property to your sister. she will have to record the deed in order to make it valid. once she does so, she would become the owner of the property.
feel free to ask if you've further queries.
sussane
welcome to forums!
you and your siblings can use a quit claim deed in order to transfer your share of the property to your sister. she will have to record the deed in order to make it valid. once she does so, she would become the owner of the property.
feel free to ask if you've further queries.
sussane