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deed to property

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jmcee123 Guest	Posted: Tue Aug 26, 2008 8:25 am    Post subject: deed to property Like 0 Dislike 0 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. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jheard Moderator Joined: 12 Dec 2007 Posts: 734 Location: Houston, TX 116.72 Dollars($)	Posted: Tue Aug 26, 2008 8:37 am    Post subject: Like 0 Dislike 0 No, once you transfer the property interest to the child, it can no longer pass by will. _________________ Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation.
jmcee Guest	Posted: Tue Aug 26, 2008 9:23 am    Post subject: deed to property Like 0 Dislike 0 Can a parent simply add one of eight children's names to his property, giving them full ownership, even tho no money has changed hands? Thank you
jheard Moderator Joined: 12 Dec 2007 Posts: 734 Location: Houston, TX 116.72 Dollars($)	Posted: Tue Aug 26, 2008 1:11 pm    Post subject: Like 0 Dislike 0 Yes. Payment is not required to transfer a property interest. _________________ 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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