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will verse deed

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Post Posted: Wed Dec 30, 2009 1:49 pm    Post subject: will verse deed
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I just bought a house and I want to make a will or deed in my brother in case something happens to me, but dont want any judgements from him against the house, not while I'm still alive. so not sure what to use
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adonis




Joined: 22 Oct 2005



Posts: 10242
Location: ALASKA
1042.50 Dollars($)
Post Posted: Wed Dec 30, 2009 8:21 pm    Post subject:
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Welcome Guest,

In my opinion, the will would be a better option in this case. You can draft a will and declare your brother as the heir to the property. However, you would remain the owner of the property until death and his creditors will not be able to place a lien on your property. After your death, he will have to probate the property and get it transferred in his name.

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