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How do we transfer property to 3 living children before mothers death in State of WV.

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BHong60544 Joined: 16 Mar 2010 Posts: 1 1.30 Dollars($)	Posted: Tue Mar 16, 2010 12:48 pm    Post subject: How do we transfer property to 3 living children before moth Like 0 Dislike 0 Family member living on the property in his own house and mother's house is also on property. State of WV. Would like to protect her land from creditors and probate. How can we do this ?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Tue Mar 16, 2010 8:27 pm    Post subject: Like 0 Dislike 0 Hi BHong, You can ask the mother to sign a quit claim deed and transfer the property to the 3 children. She can reserve a life estate for herself which will help her in staying in the property until her death. After her death, the heirs will become the owner of the property and they won't have to go for a probate. _________________ Procrastination is the enemy of your financial success
Guest	Posted: Tue Mar 16, 2010 9:32 pm    Post subject: Like 0 Dislike 0 would that be the same as a bennificary deed?
Jasmine Guest	Posted: Tue Mar 16, 2010 11:09 pm    Post subject: Like 0 Dislike 0 Yes, it would be the same in case of beneficiary deed.

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