Posted on: 28th Sep, 2008 12:26 am
My daughter & my fiance just moved in my house I bought about 5 yrs. ago I am not with my daughter's mother and I plan to be married in about a year. GOD forbid if anything happens to me, I want the house to be left w/my daughter & my fiance. Me & my fiance fear that my daughter's mother will take advantage of my daughter and move in and kick my fiance out of the house since my daughter will inherit the house. Will putting my fiance name on the house avoid that situation? And also will my daughter be protected too? What will be my daughter's share compared to my fiance?
Hi headnodz!
Welcome to Forums!
You can add your fiance's name to the deed and this situation can be avoided. If you are adding your fiance through a quitclaim deed ask her to mention the clause of life estate which will give her the right to stay in the house until death. In the same way, you can also add your daughter to the property. It is totally your discretion as to how much share you will give to your daughter and fiance.
Feel free to ask if you have further queries.
Sussane
Welcome to Forums!
You can add your fiance's name to the deed and this situation can be avoided. If you are adding your fiance through a quitclaim deed ask her to mention the clause of life estate which will give her the right to stay in the house until death. In the same way, you can also add your daughter to the property. It is totally your discretion as to how much share you will give to your daughter and fiance.
Feel free to ask if you have further queries.
Sussane
Hi headnodz!
Sign a quitclaim deed in which state that your fiance will also have some rights to the property. As said by Sussane, add a life estate clause which will allow your fiance to stay in the house. You can equally divide the property between both of them.
Thanks,
Jerry
Sign a quitclaim deed in which state that your fiance will also have some rights to the property. As said by Sussane, add a life estate clause which will allow your fiance to stay in the house. You can equally divide the property between both of them.
Thanks,
Jerry
If you add both, then they will both have equal share. You can also talk to an attorney or estate planner if you want the home to go exclusively to your daughter at any point in time (such as a specific age, etc) to draw up legal paperwork to that effect. For now, adding the two of them with surviorship deed will at least accomplish the home going to both of them and avoiding probate if anything were to happen,. A surviorship deed allows ownership to transfer without having to go through the probate process which can get ugly.