a friend is trying to get information regarding transferring property owned by her mother who is unable to care for herself and getting to the point where she can not even be left alone at home and needs around the lock care. how would she go about doing this?
2 Answers from Attorneys
To properly answer your questions, we would like to provide you with a free telephone consultation with one of our attorneys. Please call us at 1-800-297-9191 or email James Luna at firstname.lastname@example.org to schedule your consultation. Thank you.
If your friend's mother is still competent, she can execute a deed transferring the property to her daughter or adding her to the deed. However, the better plan would be to file a transfer on death affidavit so that upon the mother's death, the property would transfer to her daughter. That is a better plan of action due to the potential capital gains tax savings and the protection of the mother's property from the daughter's potential creditors. Given the facts you have set forth in your question, it would also be a good idea for your friend's mother to have a will and powers of attorney due to her declining health. If you need further assistance please let me know. www.socrateslegal.com
Related Questions & Answers
My parents own a home which they left to me in their Wills. I am an only child and... Asked 10/04/13, 2:59 am in United States Ohio Probate, Trusts, Wills & Estates
1. My brother intended to have a will drawn up at an attorney’s office but passed... Asked 9/30/13, 10:58 am in United States Ohio Probate, Trusts, Wills & Estates
My father apparently had a will that we (meaning my six sisters and I) knew nothing... Asked 9/18/13, 12:35 pm in United States Ohio Probate, Trusts, Wills & Estates
My sons father passed away in 2011. There was a fund for school set up for my son... Asked 9/16/13, 3:47 pm in United States Ohio Probate, Trusts, Wills & Estates
Ohio- My Aunt & Uncle raised me from the time I was seven, along with 3 of my... Asked 9/12/13, 9:30 am in United States Ohio Probate, Trusts, Wills & Estates