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ladybird Deed with only 1 sibbling

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LLF

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0.10 Dollars($)

PostPosted: Tue Oct 30, 2007 9:41 am    Post subject: ladybird Deed with only 1 sibbling

My Parents live in Florida 65 and 71, and my sister is helping them prepare a ladybird deed. I find out now that my sister will be the only sibbling listed on this deed. Should'nt all 3 Sibblings be listed on this LadyBird Deed or should my parents seek higher legal advise? My Parents want everything to to be split between all 3 of there children.
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Icon Mini Profile livinginnky
livinginnky
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Joined: 08 Sep 2007

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23.69 Dollars($)

PostPosted: Tue Oct 30, 2007 1:45 pm    Post subject:

You are correct. If they leave the house to her you will have to fight for your right to it. They might leave the house to her and then will the property to you some other way. Either way it still sounds like you will have difficulties.

Definately seek other legal counsel. It wouldn't hurt if you even called an attorney and ran the scenario by them. There is nothing stopping them from setting up the "life estate" to go to all 3 of you. The only reason to just give it to her is so she can own it alone. So yes it needs to list all 3 of you as owners once they pass away.

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adonis


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Location: ALASKA


135.39 Dollars($)

PostPosted: Tue Oct 30, 2007 9:42 pm    Post subject:

No doubt, all the 3 siblings should be listed on the deed. When your parents also wants that then ask them to consult with an attorney asap.
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