my 78 yr old father is getting started making out his will, can he give his house to his 14 yr old grandson? the house is free & clear of any liens or mortgages.
1 Answer from Attorneys
Dear Inquirer: NOT RECOMMENDED! I strongly urge you to form a Trust for the 14 year old, and place the proeprty in a Special Spendthrift Trust, to protect the property from futurec creditors or claimants, and a poor decision by a minor child.. Consult and retain an experienced Attorney ASAP to further explain the why's and wherefore's of this matter, and to protect the best interests of all.
J. Norman Stark,
216-531-5310 Ext. 22..