Posted on: 10th Nov, 2010 02:57 am
if you want your children to get your property that is free and clear upon your death do you just fill out a quit claim deed? does it have to be recorded while you are still living? i don't quite understand this. thanks
Hi chinoklahoma!
Welcome to forums!
If there is no mortgage or lien on your property, then you can use a warranty deed in order to transfer the property to your children. You can include a life estate clause in the deed which will help you in staying in the property until death. Once the deed is signed, you'll have to record it at the county recorder's office in order to make the deed valid.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If there is no mortgage or lien on your property, then you can use a warranty deed in order to transfer the property to your children. You can include a life estate clause in the deed which will help you in staying in the property until death. Once the deed is signed, you'll have to record it at the county recorder's office in order to make the deed valid.
Feel free to ask if you've further queries.
Sussane