Posted on: 24th Aug, 2007 06:01 pm
Have taken care of and lived with Mother for over 10 years. She is now near death and I want to keep the home out of probate and she has it in her will as going to me. Can a Quit Claim do this for me and if so how long a waiting period is there? If Quit Claim Dead won't work for me what will ?
Sorry to hear about your mother condition.
If she is still in mental state in which she can take legal actions on her own then she can make a quit claim deed to give the house to you. You need to contact an attorney to know if she can be considered to have the state of mind in which she can take legal actions.
==> if so how long a waiting period is there?
There is no waiting period. As soon as the deed is recorded the home will get transferred in your name.
Miller
If she is still in mental state in which she can take legal actions on her own then she can make a quit claim deed to give the house to you. You need to contact an attorney to know if she can be considered to have the state of mind in which she can take legal actions.
==> if so how long a waiting period is there?
There is no waiting period. As soon as the deed is recorded the home will get transferred in your name.
Miller
"Have taken care of and lived with Mother for over 10 years. She is now near death and I want to keep the home out of probate and she has it in her will as going to me."
I agree with Miller. You said that her condition is not good, so it will have to be decided if she is still capable of making decisions on her own or whether her condition has deteriorated to such an extent that she cannot take any decision on her own.
An attorney will need to be contacted to know if as per state laws she can be approved to make any legal decision. Then only she will be able to sign a quit claim deed to transfer the property over to you.
I agree with Miller. You said that her condition is not good, so it will have to be decided if she is still capable of making decisions on her own or whether her condition has deteriorated to such an extent that she cannot take any decision on her own.
An attorney will need to be contacted to know if as per state laws she can be approved to make any legal decision. Then only she will be able to sign a quit claim deed to transfer the property over to you.
Hi Biker,
A quitclaim deed will help you to transfer the house in your name. In the deed, your mother will sign as the grantor and you will be the grantee. After the deed is signed, you will be getting the complete ownership of the property and for that you don't have to wait. But don't forget to record it at the office of the County Recorder as without doing this, the deed may not be valid.
A quitclaim deed will help you to transfer the house in your name. In the deed, your mother will sign as the grantor and you will be the grantee. After the deed is signed, you will be getting the complete ownership of the property and for that you don't have to wait. But don't forget to record it at the office of the County Recorder as without doing this, the deed may not be valid.
can a person with alzhemiers since 2006 sign a quit claim deed and power of attorney on the same day and then do a reversal mortgage loan
Hi chiquita,
A reverse mortgage is available to a senior citizen who owns the property. If the person has already signed a quitclaim deed and transferred the property to someone else, then he won't be able to get a reverse mortgage.
A reverse mortgage is available to a senior citizen who owns the property. If the person has already signed a quitclaim deed and transferred the property to someone else, then he won't be able to get a reverse mortgage.