I own a house together with my parents, as they are getting older we want to make sure that my other siblings will not be able to make a claim on ownership of the home can you please let me know the best way to handle this, Should we refinance in in my name or are there better options? by garybrook234 from San Diego, California. May 27th 2010
I would love to speak with you on this and give you some great ideas. It is important to understand are you trying to not have the other siblings make a claim to the home if your parents pass away? You would like to be the only individual with ownership rights if this happens? I can be reached anytime.
You are asking for legal advice which cannot be given by a loan officer. Incorrect advice in this situation can be disastrous for you and your parents and even the person advising you. Discuss this with a local attorney.
Are you on title to the home now? If so it should take nothing more than some simple estate planning with a will granting you the home upon their passing. I'd recommend talking to an estate planning atty. or your parents atty. They can help you with the paperwork.
Sure--CALL Me 24/7/365--Jim Teak II @ 619-293-4200www.JimTeak.comThe Answer Is So Simple; One Piece Of Paperwork Too!~
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