Posted on: 15th Jul, 2013 02:51 am
Grandmother owns residence, she is currently in nursing home, will was created approx 30 years ago with only son as recipient of property and executor of estate. Son has judgments from unsecured debt. Grandmother wants her residence to stay in family, could she possibly quit claim residence to adult grandson, eliminating incidence to ownership from son and exposure to attachment from judgments?
Hi lagniappe!
Welcome to the forums!
As the grandmother is still the owner of the property, she can quitclaim her property to the grandson. however, before taking any such step, she should contact a real estate attorney and check out if this step would have an impact on her Medicaid or Medicare benefits.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
As the grandmother is still the owner of the property, she can quitclaim her property to the grandson. however, before taking any such step, she should contact a real estate attorney and check out if this step would have an impact on her Medicaid or Medicare benefits.
Feel free to ask if you've further queries.
Sussane
Hi lagniappe,
I agree with what Sussane has said. Though there is a will, the grandmother can sign a quitclaim deed and transfer the property to the grandson.
Thanks
I agree with what Sussane has said. Though there is a will, the grandmother can sign a quitclaim deed and transfer the property to the grandson.
Thanks