 burlet
Joined: 27 Oct 2009
Posts: 1
1.32 Dollars($)
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 Posted: Tue Oct 27, 2009 10:48 am Post subject: Proprty Transfer |
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| My mother and stepfather married in 2005. In 2006, they refinanced a loan on his home and both names were on title. Shortly, there after title was transferred to my stepfather's newly created family trust and his son's name. Her name is no longer on the title. I do not see a quit claim being recorded on title. What happens if he dies? Who owns the home and who is responsible for the loan? Can he will the property to his children? They live in a community property state. |
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smithsussane
Joined: 18 Sep 2008
Posts: 4410
Location: Alaska
423.53 Dollars($)
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| Posted: Wed Oct 28, 2009 12:21 am Post subject: |
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Hi burlet!
Welcome to forums!
If your mother's name is not on the property deed, then she won't be able to claim her share of the property after your stepfather's death. However, if her name is on the mortgage, then she may have to pay off the mortgage dues. As far as I know, your stepfather can will his property to his children.
Feel free to ask if you've further queries.
Sussane |
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