I own the home, but my parents live in it and will for their lifetimes. I wish a legal document stating this.
2006-12-18 08:32:53 · 6 answers · asked by Diane P 1 in Politics & Government ➔ Law & Ethics
if you own the home, you don't need the document, just let them live there, If you are concerned that they might live longer than you , then simply will it to them. If they own it and are gifting ( or selling) it to you on the condition that they get to live there until they die or move due to incapation (nursing home etc ) then talk to a real estate agent ( free ) or a lawyer ( sometimes free inital consulation ) about how to do this. There is a term for this type of contract but for the life of me I can't remember what it is.
2006-12-18 09:08:49 · answer #1 · answered by flutteredonby 2 · 0⤊ 1⤋
Sign a deed granting them a "Life Estate", get it recorded in your local county/state recording office. They will have all rights of ownership EXCEPT the right to sell with a life estate (you must now own the title deed for the property). You don't really need an attorney, even a quit claim deed will do as long as it has the lot & bloc property legal description, and clearly states it is granting a Life Estate. Check out some of the self help sites.
2006-12-18 14:29:06 · answer #2 · answered by alaskasourdoughman 3 · 0⤊ 0⤋
Few persons imagine about the different fringe of the coin.. it is the truth that your mothers and fathers "giving permission" that you'll flow, may no longer be criminal. In different words.. the state holds a figure accountable and to blame for a minor, and a figure can't merely default on that. guidelines from businesses (dmv, utilities, and so on) typically require particular issues that they received't provide to a minor. i am going to't answer precisely what those issues may be. i believe that acquiring a enable also incorporates monetary criminal responsibility, which remains with the mothers and fathers, like it or no longer. No hostility meant.. you do not sound as in case you meet any criteria for being emancipated. and also you're properly acceptable that your boyfriend's mom isn't a sturdy determination for being a mum or dad. What takes position in case you and boyfriend get in a strive against, or otherwise split, six months down the line? I received't choose what motives your mothers and fathers agreed to this, or that there may no longer be conflict in touch. at the same time.. I even could say that i don't think THEY idea this by skill of ok. Legally speaking.. you're nevertheless their responsibility till you're 18. providing you with permission to flow, does no longer substitute that.
2016-11-27 02:42:04 · answer #3 · answered by ? 4 · 0⤊ 0⤋
That is very simple to do. Just go see an attorney. It won't even cost that much. Tell the attorney that you wish to give your parents a present interest in a life estate of the particular property you wish.
2006-12-18 09:56:37 · answer #4 · answered by cyanne2ak 7 · 0⤊ 0⤋
A lawyer in your state should be able to draft up an encubrance to be registered in the appropriate land titles office which will reflect their interest in the home.
It is relatively simple and should only cost a few hundred dollars in fees and then disbursements (which would vary from state to state.)
2006-12-18 09:08:04 · answer #5 · answered by elysialaw 6 · 1⤊ 0⤋
Any administrative lawyer in your town can help you draft the document and file it with the clerk of court in your county.
2006-12-18 08:36:47 · answer #6 · answered by Drop Zone 2 · 1⤊ 0⤋