Posted on: 11th May, 2008 01:45 pm
i have a property that i shared with my older sister and she wanted 50% of the property though she never help me on the expenses to keep it. i am thinking of quit claiming it to my 3 nieces and a nephew who are still under age. their ages are 7, 10, 13 and 17. i will still continue to pay for everything but i just don't know if it is legal for me to do this. besides my older sister want to sell the property and take half of the equity which is not fair and in don't want it because i want my nieces and nephew to make use of the equity in getting to college. what should be the best way for me to do to keep this property for i am very sure she won't quit claim especially now that she is financially unstable after spending all her money back home?
I bought a home for my daughter but she is a single and due to that reason I want put it in her name because I want it to go in my grandchildren s name . I want it out of mine but I done want someone to take it from her .
Hi Debbie,
You cannot transfer the property to your grandson as he is not adult. You can put the property in a trust. After your grandson becomes an adult, the property will be transferred to him. You should get in touch with an attorney and he will help you further in this matter.
You cannot transfer the property to your grandson as he is not adult. You can put the property in a trust. After your grandson becomes an adult, the property will be transferred to him. You should get in touch with an attorney and he will help you further in this matter.
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