Posted on: 15th Dec, 2008 02:06 pm
My significant other owns his home and land free and clear. He would like to put it in my name and I am willing to do that with the understanding that if something happens to him I am able to stay there as long as I like and it will then be inheritated by his adult daughter, is this the right way to go about the process?
Hi Linda,
Yes, your significant other can use a quitclaim deed to transfer the property in your name as well as in the name of the adult daughter. Both you and the daughter will be grantees to the property. He can also include a life estate clause in your favor in the quitclaim deed so that you will get the right to stay in the property until death.
Thanks
Yes, your significant other can use a quitclaim deed to transfer the property in your name as well as in the name of the adult daughter. Both you and the daughter will be grantees to the property. He can also include a life estate clause in your favor in the quitclaim deed so that you will get the right to stay in the property until death.
Thanks