---

quit claim lot to daughters to avoid creditors

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
margaret bensen Guest	Posted: Thu Feb 09, 2012 4:01 pm    Post subject: quit claim lot to daughters to avoid creditors Like 0 Dislike 0 i am 69 yr old woman. my only asset is a lot in calif., which i have un-successfully tried to sell for the last 2 yrs. may i quit-claim it to my daughters to protect it from creditors. i owe bills for the lot prep to sell it(sewer plans, etc.) and i owe irs and AMEX . i depend on and live with my daughters for help. the lot is my only retirement, savings, and investment asset. what are the problems with giving ( or selling ) this lot to them?? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Thu Feb 09, 2012 11:32 pm    Post subject: Like 0 Dislike 0 Hi margaret, You can transfer the property to your daughter provided your creditors haven't filed any lawsuit against you regarding that property. _________________ Procrastination is the enemy of your financial success
Guest	Posted: Sun Feb 12, 2012 8:50 pm    Post subject: Like 0 Dislike 0 Your best option will be to get in touch with a real estate attorney and take his help in deciding whether or not you will be able to transfer your property to your daughters.

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0