I have a house that is paid off in the USA. When I originally took title, I chose Joint Tenancy, so when I die it will automatically become the property of my wife. Now I have decided to change title to Tenants in Common so I can will the home to my two grown kids. My wife agrees as she will be getting other assets.
I have two questions:
2006-10-07 19:26:30 · 4 answers · asked by watchdemknights 2 in Politics & Government ➔ Law & Ethics
It is not complicated. You only need file a Quit Claim Deed. You can download the form from the internet, it needs to be signed and witness by a nortary public. Then I think it has to be taken to the County Registrar.
Nice gift to your children........
2006-10-07 19:33:11 · answer #1 · answered by easinclair 4 · 0⤊ 0⤋
This depends on you, and your relationship with your kids. You are way better equipped to judge how this knowledge will impact them than anyone here.
It is indeed a tough call, but it is all Yours.
My kids know everything I have will be diivided evenly in terms of gain, but slightly slanted when it comes to control.
I know my kids, and they know me. They know what to expect without any briefings.
2006-10-08 03:17:53 · answer #2 · answered by Norton N 5 · 0⤊ 0⤋
not unless you make a specific living will that prevents your wife from changing her mind as my mother did... be very careful who you appoint trustees...
badly burned
2006-10-08 02:34:36 · answer #3 · answered by ancientcityentertainment 2 · 0⤊ 0⤋
why not
2006-10-08 02:33:41 · answer #4 · answered by OU812 5 · 0⤊ 0⤋