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1.Is life time rights deed better than a Quit claim Deed. 2. Can a Quit Claim Deed state that the 1st owner can have life time rights as lon

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Icon Mini Profile memewon1





Joined: 08 Feb 2011

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Post Posted: Tue Feb 08, 2011 12:15 pm    Post subject: 1.Is life time rights deed better than a Quit claim Deed. 2.
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1.Is life time rights deed better than a Quit claim Deed.
2. Can a Quit Claim Deed state that the 1st owner can have life time rights as long as they are not put into a home by the state.
3. What is better Life time right, Property transfer, Heir property or Quite claim.
My mother is 95 yrs. old Social Services keeps pulling the rope around my neck about her needing to be in a home. I had her living with me for 5 to 6 month. The think she had a light stork in Nov 2010 but she would not be still for the test. Am living between my home and her's. Here home at night and my two sons take turns. Some people know am trying to get a home built on the land and that I have an illness too, so some have been calling the Cap Social Worker on me for any and every little thing even on of the aids working with my mom. they easily get info from her and run with it.
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

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Post Posted: Tue Feb 08, 2011 11:11 pm    Post subject:
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Hi memewon,

I haven't heard of life time rights deed. But you can add life estate clause to a quitclaim deed.
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Can a Quit Claim Deed state that the 1st owner can have life time rights as long as they are not put into a home by the state.
This can be done. The life estate clause can be drafted by the real estate attorney when the grantor and grantee agree to it. A property transfer with life time rights will be a good option.

Thanks
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