Posted: Sun Jun 07, 2009 8:56 pm Post subject: Mom wants me to get her house
My mother owns her home free and clear in California. She wants to give me ownership of the house so that I will be the owner upon her death. How can she do this?
Hey sstrich,
If your mother wish to give ownership of house to you then there are two option to transfer property on your name.
Quitclaim Deed :-
Quitclaim deed is the safe option to transfer property on your name, You must have to tell your mother to sign quitclaim deed on your name. After your mother signed quitclaim deed then your name will automatically on property deed & you be the owner of property.
Will:-
Will is the also good type to transfer your property, Your mother need to put your name on deed as beneficiary. That means after your mother passed you can get ownership of property as beneficiary.
As the property is free and clear, your mother can add your name to the property through a warranty deed. When she is deceased, you will have to file her death certificate in the county recorder's office and transfer the property in your name. _________________ Procrastination is the enemy of your financial sucess
sstrich
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