quitclaim deed

Guest 0.10 Dollars($)

I am my 86 yr old mothers legal guardian. She currently stays with me for 2 weeks per month and in her own home two weeks with the assistance of my daughter and her husband. Her name is singly on the deed. My Daughter is the intended to inherit the home after my mother passes. Can a quitclaim deed help us to avoid legal costs and red tape when the time comes?

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi Mary.

Welcome to the forum.

Your mother can use a quitclaim deed to transfer the property to your daughter but she will lose her ownership as soon as she quitclaims the property to her. But if she wants to remain as the owner and the property to transfer after her death to your daughter then she can use a Lady Bird deed. That will also help you to avoid probate.

You can know about Ladybird deed or Enhanced life estate deed at http://www.mortgagefit.com/know-how/ladybirddeed.html#lifeestate.

Hope this helps. Feel free to ask if you have further questions.

Best of luck,
Larry

Niicss · Posted: Mon Jul 07, 2008 6:20 am Post subject:

Welcome Mary.

Agree with Larry that a Ladybird deed will serve the purpose. It will not only help your daughter to avoid the time consuming probate process but you mother can still be the owner as loan as she lives. So take help from an real estate attorney to prepare the deed for you.

Keep us posted.

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