Posted on: 09th Sep, 2012 11:10 am
In Texas, my brother, who is my mother's POA placed my mother in a nursing home. She has left a will and my neighbor suggested that he go back to the same attorney and have the will changed to a Trust and include the Lady Bird Johnson clause. Besides the fact that her home isn't in a very good neighborhood, it needs some repairs including a broken foundation. My fear is that if he boards the house up, squatters, riff-raff will destroy the interior and the taxes will become delinquent, eventually showing up on her heirs credit reports. What is the best way to handle the situation?
Hi lizzie,
If the property is solely transferred to your brother's name, then he will be considered as the sole owner of the property. In case, if there is any damage to the property or if there are delinquent property taxes, then he will be considered liable for it. You won't have to worry about the property then.
Thanks
If the property is solely transferred to your brother's name, then he will be considered as the sole owner of the property. In case, if there is any damage to the property or if there are delinquent property taxes, then he will be considered liable for it. You won't have to worry about the property then.
Thanks
Hi lizzie!
Welcome to forums!
You should contact a real estate attorney and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You should contact a real estate attorney and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane