Posted on: 11th Nov, 2008 12:03 pm
My Mother wants to give me her property now rather than wait for her death. If she were to quitclaim deed her condo to me, does this property show as assets for her or are they now mine?
Hi briankimball!
You will be the owner of the property once she quitclaims it to you. However, if she includes the clause of life estate in the quitclaim deed, then she will be able to stay in the property until death. To know more about quit claim deed, check the information available here.
Thanks
You will be the owner of the property once she quitclaims it to you. However, if she includes the clause of life estate in the quitclaim deed, then she will be able to stay in the property until death. To know more about quit claim deed, check the information available here.
Thanks
I FILED A QUITCLAIM DEED TO PURCHASE LAND. BUT NOW LOOKING ON THE DEED IT READS I,UNMARRIED GRANTOR FOR ALL CONSIDERATION OF THE SUM OF $1.00 and in my love and affection for grantee herin in hand paid by Ethel, Grantee..My question... Who owns this property?
Hi CORA!
Welcome to forums!
You are the grantor of the property. This means you are the seller of the property. And the grantee is the buyer of the property. As far as you have mentioned, I guess someone called Ethel is the grantee to the property.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
You are the grantor of the property. This means you are the seller of the property. And the grantee is the buyer of the property. As far as you have mentioned, I guess someone called Ethel is the grantee to the property.
Feel free to ask if you have further queries.
Sussane