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Home purchase/deed transfer from parents went very wrong!!!

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Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



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Location: ALASKA
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Post Posted: Thu Jul 07, 2011 11:12 pm    Post subject:
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Welcome Nellie,

You can use a warranty deed in order to transfer the property to someone else.

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Ellen Boyd

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Post Posted: Sat Oct 15, 2011 8:48 am    Post subject: Quit Claim/Survivorship Deed vs a Will
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My father is 98 y.o. My younger brother hs his POW. Recently a quit claim/survivorship deed was filed on my dads house. Could my brother do that using the POA and not tell my father? Also, my fathers will was written awhile ago naming all 3 of his children to inherit the house. Does the will take precedence over this new quit claim deed? Thank you
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10574
Location: ALASKA
1090.82 Dollars($)
Post Posted: Sun Oct 16, 2011 10:17 pm    Post subject:
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Hi Ellen,

Your younger brother can use the POA in order to get the property transferred in his name without your father's permission. The quitclaim deed will come into affect immediately whereas the will comes into affect after the death of the property owner. So, the quitclaim deed will take precedence over the will.

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Procrastination is the enemy of your financial success
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