Friday, March 27, 2015

I live in NC with my elderly Dad. He wants to put me on the deed to his house to ensure that when he dies I will keep the house (he still pa...

Question

I live in NC with my elderly Dad. He wants to put me on the deed to his house to ensure that when he dies I will keep the house (he still pays a morgage). Is there anything else we need to do to ensure that I will not have to go through legal steps at that time?



Answer

Putting you on the deed is not enough. He can deed the home to you, but he cannot remain on the deed. If he stays on the deed, he will own half and when he passes, his half may go to someone else.

Another way to do it will be for your dad to execute a will leaving the property to you.



No comments:

Post a Comment