Posted on: 29th May, 2008 09:42 pm
I HAVE CURATORSHIP {POWER OF ATTORNEY} OVER MY BROTHER . I PURCHASED THE HOUSE FOR HIM WITH HIS MONEY . HE IS TOTALLY DEPENDENT ON ME . HE'S PARALYZE. WE LIVE TOGETHER , I TAKE CARE OF EVEYTHING, THE HOME PAID FOR ,MY NAME IS NOT ON THE TITLE.WILL THE HOME GO TO ME OR CAN I DO A QUICK CLAIM BEFORE HE PASS
Hi DEE,
Welcome to the forum.
I think you can use a Lady Bird deed for this property transaction. If you use the Lady Bird deed then your brother will still be the owner of the property as long as he lives and after his death you will get the ownership. You can also avoid the costly process of probate if you use the lady Bird deed.
Know more about Lady Bird deed at http://www.mortgagefit.com/know-how/ladybirddeed.html#lifeestate
Feel free to ask if you have any further questions.
Best of luck,
Larry
Welcome to the forum.
I think you can use a Lady Bird deed for this property transaction. If you use the Lady Bird deed then your brother will still be the owner of the property as long as he lives and after his death you will get the ownership. You can also avoid the costly process of probate if you use the lady Bird deed.
Know more about Lady Bird deed at http://www.mortgagefit.com/know-how/ladybirddeed.html#lifeestate
Feel free to ask if you have any further questions.
Best of luck,
Larry
If there is a will, the house passes by that. Otherwise, the house passes by the intestate laws of your state. In most states, it would be the parents, if any, if not, then you.
Be careful transferring property to yourself using a power of attorney as it may be questioned by any other possible beneficieary as "self-dealing", which can void the transfer.
Be careful transferring property to yourself using a power of attorney as it may be questioned by any other possible beneficieary as "self-dealing", which can void the transfer.
Agree with both Larry and the Guest that you should not transfer the property on your name by using a quitclaim deed. You should consult with a Lawyer and Ladybird deed seems to be a good choice for you.