Posted on: 11th May, 2011 08:43 pm
hi, i am planning on filling for bk within the next year and i have a lot that i bought cash in order to leave it to my son. do u think i can do a quitclaim on it and transfer it to my son, so i don't lose it? i live in florida.
Hi bittes!
Welcome to forums!
You can sign a quitclaim deed and transfer the property to your son. However, you shouldn't file bankruptcy within 1 year of the property transfer. If you do so, the property transfer may be considered as fraudulent. Before transferring the property to your son, you should contact a real estate attorney and take his opinion in this matter.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can sign a quitclaim deed and transfer the property to your son. However, you shouldn't file bankruptcy within 1 year of the property transfer. If you do so, the property transfer may be considered as fraudulent. Before transferring the property to your son, you should contact a real estate attorney and take his opinion in this matter.
Feel free to ask if you've further queries.
Sussane