I am retired. My house is in Vermont. It is paid in full. It is all that I have. I do not want medical bills to force me to sell it.
2006-07-16 03:42:14 · 7 answers · asked by waynesworldstage 2 in Business & Finance ➔ Renting & Real Estate
Contact an attorney about a Deed and Life Estate, so you can transfer ownership, but have the right to occupy the property until you move or pass on.
There are so many variables, that an attorney (or maybe even Legal Aid) may be the only way to make sure all the bases are covered.
Good luck :)
2006-07-16 05:37:14 · answer #1 · answered by Christine 3 · 0⤊ 0⤋
Contact a lawyer and they will draw up the necessary papers involved in the transfer of assets and get anything that needs to be notarized done. Also they will file the appropriate papers with the courts to make the intire transaction legal.
2006-07-16 10:48:10 · answer #2 · answered by Anonymous · 0⤊ 0⤋
There is a document called a "QuickDeed" that can be used to transfer the house into your kids' names quickly.
It would have to be done at the local courthouse, and they provde a witness to sign the document, making it official.
Check with your local courthouse first, discuss wiht your kids, then do the pprwk.
Good Luck!
2006-07-16 10:48:33 · answer #3 · answered by M J 2 · 0⤊ 0⤋
a local attorney can do the transfer, but I would make a transfer conditional upon you getting a life estate in the property
2006-07-16 10:47:21 · answer #4 · answered by goz1111 7 · 0⤊ 0⤋
This question is asked frequently by older persons concerned that their home might be lost in the event illness requires nursing home placement or when concerns are raised about...................
Try the link
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2006-07-16 10:50:58 · answer #5 · answered by G. M. 6 · 0⤊ 0⤋
speak to a lawyer about exactly what conditions you would like before discussing it with the kids
2006-07-16 12:18:39 · answer #6 · answered by BigDaddy 4 · 0⤊ 0⤋
You notary. The papers will be legal
2006-07-16 10:45:29 · answer #7 · answered by robert43041 7 · 0⤊ 0⤋