Legal Question in Wills and Trusts in California

I presently own a house.I will buy a new house with borroed money from my mother

and pay her back fron selling my present house.To protect her money if

something happened to me I need a will or trust.

But is there any other way to do this ?

Thanks,

John


Asked on 9/21/09, 4:36 pm

1 Answer from Attorneys
Roy Hoffman Law Offices of Roy A. Hoffman

You can sign a Promissory Note and Deed of Trust in favor or your Mother and record the Deed of Trust with the County Recorder. No matter what happens if you pass away, unless the home is foreclosed upon, your mother will be able to recover the amount you borrowed when the new house is eventually sold.

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Answered on 9/21/09, 4:58 pm


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