Posted on: 28th Jul, 2009 03:18 am
She left to me all her money. i gave to my brother the half of the money. in exchange he signed a quit claim and added my name to the house as a tenant in common. i wold like to know what are my rights and if he can do anything without my consent.
esvarmurillo
welcome to mortgagefit....
He has added yu as tenant? How much percentage of equity has been transferred to you??tell us more about it..
keep in touch.....
:arrow: :arrow: :arrow:
welcome to mortgagefit....
He has added yu as tenant? How much percentage of equity has been transferred to you??tell us more about it..
keep in touch.....
:arrow: :arrow: :arrow:
esvarmurillo
your name is mentioned as "tenants in common". it means that the deceased's tenant's interest passes to his or her heirs at law, and not to the surviving tenant.
since you are the coowner, he can not do any thing without your consent.
your name is mentioned as "tenants in common". it means that the deceased's tenant's interest passes to his or her heirs at law, and not to the surviving tenant.
since you are the coowner, he can not do any thing without your consent.
in the quitclaim states that my brother and me are tenants in common. does it mean that each us own 50% of the property? I also would like to know if a trustee is the best way to avoid that in the future creditors may put a lien on the property
It is not necessary that each of the tenants in common would hold 50% of the ownership of the property. You can put the property in the trust. This will help you in avoiding liens against the property to some extent.
i would like to put my share of the house in a living trust. is that a safe way to protect my share of the house. i would like to know what can I do because I dont trust my brother anymore
what are you really worried about?
do you think your brogher will try to sell it with your knowldge or some one elase will put a lein on the property with yoru knwolledge
make sure to record the quit claim deed in the county
do you think your brogher will try to sell it with your knowldge or some one elase will put a lein on the property with yoru knwolledge
make sure to record the quit claim deed in the county
Hi esvar!
Welcome to forums!
You cannot transfer your portion of the property into a living trust. You will have to place the entire property in the living trust. You can contact your brother and check out if he is ready to transfer his share of the property in to the trust. If he agrees, then both of you can contact an attorney and get the property transferred into a living trust.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You cannot transfer your portion of the property into a living trust. You will have to place the entire property in the living trust. You can contact your brother and check out if he is ready to transfer his share of the property in to the trust. If he agrees, then both of you can contact an attorney and get the property transferred into a living trust.
Feel free to ask if you've further queries.
Sussane
As you are common tanent you need not worry. Your brother will not do anything without your concern.
He can not do anything harmful to you. If he does, first victim will be he only.
do not sign any paper given by him without proper reading.
do not sign any paper given by him without proper reading.
I won't agree that your brother will harm you in anyway but just make sure while dealing with him in property matters you are sticking to leak -proof legal documentary system.
keep in touch......
:arrow: :arrow: :arrow:
keep in touch......
:arrow: :arrow: :arrow:
priceless...just priceless. just when you think an answer might appear that will clear things up, we find enough mud to sink it. here, not just once, but thrice.
Agree George
The posts gets interesting every day
And you comments are becoming innovative
The posts gets interesting every day
And you comments are becoming innovative