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My parents are both old and ill. They both have Wills that state their home and all property are to be left to me (since I am the only child). We want to bypass Probate and it's cost. They want the house to become mine only upon their death, is a Quit Claim Deed the answer? Can they sign a Quit Claim Deed but not file it until their death and at that time I would sign it then file it? What is the best way for me to have rights to their property at the time of their death?

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

Hi Sandra.

Welcome to the forum. If your parents sign a quitclaim deed to you then it will transfer the property to you immediately. So I think your parents can sue a Ladybird so that the deed is transferred to you after their death. You can also avoid the probate process if you use a ladybird deed. BTW is it a mortgaged property?

Feel free to ask if you have any further questions.

Best of luck,
Larry

jheard · Posted: Tue Aug 26, 2008 8:50 am Post subject:

You could also put the property into a living trust.

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