Posted on: 29th Oct, 2010 02:36 pm
My Father was involved in an accident in which it was his fault. Of course the individual has contacted an attoney. My Father is worried he may loose his house. He did a quick claim on it in 2004 and listed his three children as beneficiaries. He still resides at the residence. Can he loose his house (our house) if it was put in a trust prior to the accident.
Hi kcar76,
If the house is quitclaim to the trust and recorded before the accident then surely your father will be able to keep the house.
But if the deal wasn't recorded at the county's office then hardly you can do anything because transferring the property after accident itself is a sign of unethical practice in order to save your assets from future lawsuits.
Feel free to ask any further query if you have.........
DIPA
If the house is quitclaim to the trust and recorded before the accident then surely your father will be able to keep the house.
But if the deal wasn't recorded at the county's office then hardly you can do anything because transferring the property after accident itself is a sign of unethical practice in order to save your assets from future lawsuits.
Feel free to ask any further query if you have.........
DIPA