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My parents are elderly and my father recently inhiereted a home that was in both he and his brothers name. I don't think he ever added my mother's name to the deed at my uncle's death. As his health declines I am concerned that if he needs to placed in a facility that the state can claim that real estate to pay for his care since it is only in his name. IS this a valid concern and what can I do to help them protect this property and my mother's interest? I was hoping a quit claim deed to add her name would be sufficient, is that true?

larry · Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)

Hi Helen,

Welcome to the forum.

I think your concern is really a valid concern. So you father can quitclaim the property to your mother. Contact an attorney and he will prepare the deed for you.

Do let me know if you have any further questions.

Thanks,
Larry

blue · Posted: Fri Dec 28, 2007 2:11 pm Post subject:

Hi,

Welcome to Mortgagefit discussion board.

I should say you can go for a ladybird deed or enhanced life estate deed here. You father will have the ownership during as long as he lives and then your mother will get the ownership.

There is a discussion regarding this topic in this forum before. You can check this out- http://www.mortgagefit.com/know-how/ladybirddeed.html#ladybird

Hope this will help you.

Do let me know if you have any other questions.

Thanks
Blue

Guest

My husband has mineral royalties in East Texas. As Texas is a community property state is it necessary that he completes the 'adding a spouse' to his deed? We have no children, grandchildren or close relatives.

adonis · Posted: Mon Jun 07, 2010 2:07 am Post subject:

Welcome Florence,

If the property has been purchased after marriage and community funds has been used to purchase it, then you will have community property interest over it. You can ask your husband to add your name to the property deed and make you the legal owner of the property.

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