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2007-06-10 14:34:09 · 4 answers · asked by PEGGY L 1 in Business & Finance Renting & Real Estate

4 answers

It is always best to have a lawyer draw up any will. They will get all of the necessary information from you for the house and anything else you want included. He will then have it typed up and have you sign it and have it witnessed and then record it at the court house. Simple wills can be as little as $125.pp

2007-06-10 14:39:21 · answer #1 · answered by ttpawpaw 7 · 1 0

If you want your son to become the sole owner of the property when you die, the cheapest and fastest way is to use a quit claim deed. It would say John Doe quitclaims (legal description of the property) to John Doe and John Doe Junior as joint tenants with right of survivor ship. That way, when you die, there will be NO PROBATE. John Doe Junior will become the sole owner of the property.

Please check with an attorney in your state to make sure the words in the quit claim deed are exactly as the state law requires.

One danger in doing this is if John Doe Junior gets a judgment against him, the creditor can place a lien on yours and his house.

2007-06-10 16:48:00 · answer #2 · answered by Anonymous · 0 0

It sounds like you already have a Will. If you want to make a change to the Will, but leave it otherwise intact, you want to make what is called a "Codicil".

I wouldn't recommend doing that without an attorney. If you make a mistake, it won't be known until it is too late to fix it.

2007-06-10 14:39:36 · answer #3 · answered by open4one 7 · 0 0

Just add him to the title now and have a title company make sure they make it were he gets the home when you die. Simple really. Make sure you have a living will or living trust too or Uncle Sam will have everything..

2007-06-10 15:03:16 · answer #4 · answered by jamesnbarnes 3 · 0 0

I would have a lawyer draw up some papers.

2007-06-10 14:36:30 · answer #5 · answered by CuriousOne 3 · 0 0

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