Georgia  |  Real Estate Law

Legal Question

Asked on: 3/30/13, 4:57 pm

want to know about quit claim deeds in GA to add me to father's property but not the loan was told by the bank that holds the mortgage that would help keep house out care homes hand in case something was to happen to him. The bank said if I got one and if something happens to dad (dies) the loan would be mine and I waouldn't have to get my own just finish paying off his

1 Answer

Answered on: 3/30/13, 5:04 pm by Glen Ashman

Your post makes almost no sense as posted but I gather you are trying to get added to your father's land as a co-owner. That carries numerous potential problems - including Medicare and Medicaid lookback rules, federal gift tax returns, due on sale clauses, etc.

See a lawyer with details to discuss the pros and cons.

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