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Registered
Join Date: Sep 2001
Location: Dismal Nitch, AZ
Posts: 9,042
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Real Estate Q for the forum Wisdom, please...
Hey boys,
. After I posted to and have been reading the thread "Any alternatives to flying commercial?", an old consideration has reappeared again. Ya know, "Hang on - we're going in." . I'm single, no kids, 5' 10", 180 lbs. I like moonlight walks on the beach, and sipping wine in front of the fireplace. Oops, wrong forum. . Seriously, I have a good $1.6 million equity in my home here, no dependents, and I'd like to see to it that my g/f gets it with the least amount of hassle in the event of my untimely death. How do I go about doing that effectively and efficiently? Any ideas? My foreclosure buddy in Sacramento mumbled something years ago about a quit claim deed and adding her name to the title as a grantee. Will that work? Will I have to get a new loan? Will her tax obligation/dealio be impacted? I don't want any gov't entity stickin' their fingers into my/her pie - 'know what I mean? . Spare no details, please. I'm a good listener. . Best, Edit: And many thanks for your time and expertise.
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Don . "Fully integrated people, in their transparency, tend to not be subject to mechanisms of defense, disguise, deceit, and fraudulence." - - Don R. 1994, an excerpt from My Ass From a Hole in the Ground - A Comparative View |
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03-21-2006, 04:04 PM
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Registered
Join Date: Jan 2002
Location: I'm out there.
Posts: 13,084
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Marry her. The State of California will take care of the rest.
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My work here is nearly finished.
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03-21-2006, 04:06 PM
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Registered
Join Date: Sep 2001
Location: Dismal Nitch, AZ
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You dog.
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Don . "Fully integrated people, in their transparency, tend to not be subject to mechanisms of defense, disguise, deceit, and fraudulence." - - Don R. 1994, an excerpt from My Ass From a Hole in the Ground - A Comparative View |
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03-21-2006, 04:15 PM
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Revocable living trust....Not sure about the Cali rules though.
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madmmac AKA Mitch 1984 Factory Turbo Look 2006 4Runner 1998 TRD Supercharged 4Runner (Sleeper) |
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03-21-2006, 05:05 PM
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Registered
Join Date: Jan 2002
Location: I'm out there.
Posts: 13,084
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Quote:
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My work here is nearly finished.
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03-21-2006, 05:10 PM
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Quote:
Cali works with a RLT. Aside: I don't know if I would put a $1.6 million price on my head at the discretion of a GF.
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03-21-2006, 05:15 PM
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Still Doin Time
Join Date: Nov 2004
Location: Nokesville, Va.
Posts: 8,225
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For 1.6 super large I'LL be your g/f !!
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'15 Dodge - 'Dango R/T Hauls groceries and Kinda Hauls *ss '07 Jeep SRT-8 - Hauls groceries and Hauls *ss Sold '85 Guards Red Targa - Almost finished after 17 years '95 Road King w/117ci - No time to ride, see above '77 Sportster Pro-Street Drag Bike w/93ci - Sold |
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03-21-2006, 07:00 PM
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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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FWIW, Suze Orman sells a package for setting up a revocable living trust. I guess she has a website somewhere out there.
regards. |
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03-21-2006, 08:46 PM
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Registered
Join Date: Sep 2001
Location: Dismal Nitch, AZ
Posts: 9,042
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OK boys...RLT it is.
Off to Google for more. Thanks for the quick help. . pbs911: Thx for the aside. She's big on Good, though. . asphalt: Post a pic...ya never know, eh? Smooch.
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Don . "Fully integrated people, in their transparency, tend to not be subject to mechanisms of defense, disguise, deceit, and fraudulence." - - Don R. 1994, an excerpt from My Ass From a Hole in the Ground - A Comparative View |
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03-21-2006, 08:56 PM
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1978 Porsche SC Targa 3.6
