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jmcee123
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 Posted: Tue Aug 26, 2008 8:25 am Post subject: deed to property |
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Can a parent put a child's name on the deed to his ranch, not have any money change hands, then will all the property to his wife in his death? In the will it stated that the child mentioned previously had 10 years to buy and pay for the ranch, giving Mom money to live on.
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 jheard
Moderator
Joined: 12 Dec 2007
Posts: 599
Location: Houston, TX
98.69 Dollars($)
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| Posted: Tue Aug 26, 2008 8:37 am Post subject: |
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No, once you transfer the property interest to the child, it can no longer pass by will.
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Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation. |
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jmcee
Guest
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| Posted: Tue Aug 26, 2008 9:23 am Post subject: deed to property |
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Can a parent simply add one of eight children's names to his property, giving them full ownership, even tho no money has changed hands?
Thank you |
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jheard
Moderator
Joined: 12 Dec 2007
Posts: 599
Location: Houston, TX
98.69 Dollars($)
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| Posted: Tue Aug 26, 2008 1:11 pm Post subject: |
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Yes. Payment is not required to transfer a property interest.
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Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation. |
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