Quit Claim

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My Mom had a colonoscopy where the dr poked a whole in her colon, May 2nd. It took her 9 months to recover and on Dec. 12 they did a second surgery to remove the ostomy bag. Her recovery is not going so well this time. Although she is getting stronger. I'm afraid that this will snow ball and her health will start getting worse. She's 86 and owns her home out right. My eldest brother is on the title with her. We were wondering if we should quit claim the house to my brother or myself since I am her primary care giver. We're afraid being in California, if the house is in her name they will take her house to pay for medical expenses. Can you help us?

adonis · Posted: Mon Feb 04, 2008 2:32 am Post subject:

Welcome Maggie,

You'll find the answer to your query at http://www.mortgagefit.com/california/quitclaim-paymedicalbills.html .

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At this time, my boyfriends house has no leins or mortgage, but do to unpaid income taxes and credit card debt, I am sure those leins will come. If he quit claims the property to me beforehand, will I be able to protect it?

jameshogg · Posted: Mon Oct 20, 2008 10:02 pm Post subject:

Hi lucy!

If your boyfriend transfers the property in your name just to avoid the liens, it will be considered as a fraudulent transfer and the lender may take severe actions. I don't think it will be a good idea.

Thanks.

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I want to get property out of my name to protect from lawsuit and creditors. If I quit claim to my daughter will property be protected? will there be any other kind of liabilities to me or my daughter?

jameshogg · Posted: Sat Nov 08, 2008 12:12 am Post subject:

Hi lynn-georgia!

If you quitclaim the property to your daughter in order to protect your property from lawsuit and creditors, then it will be taken as a fraudulent transfer and you can be penalized for it.

Thanks.

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