Quote:
Originally Posted by greglepore
Adding his name as Joint Tenant with Right of Survivorship avoids the property going through probate.
No downside if no sibs to claim undue influence and no mortgage to deal with. You won't be able to sell the property yourself without their signatures or a declaration of incompetency with you as guardian so long as they're alive though.
Advice from someone who's not a high priced atty anymore...
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Quote:
Originally Posted by id10t
I think that depending on the complexity of the estate it can speed up the xfer process and maybe help with taxes. Also sounds like the possibility of the parents not being able to do things like sign for a sale, having him on the title would also allow that a lot easier I think
Mind, I've spend all of 10 minutes at the UF law school and that was looking for a bathroom and vending machine as I was walking across campus one day...
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Depending on where his parents are, meaning if the state they're in allows it, couldn't he do that with with transfer on death? I personally have all my stuff (cars, house, bank accounts)TOD to my wife and then kids with all of my investments listing my kids as beneficiaries. Signing for sale, he could utilize POA I would think. I'm not sure that being listed on the deed would clean up selling since each listed owner needs to sign for the sale to be valid if I'm not mistaken.
From what I can find, NC recognized TOD. I think I'd TOD the deed and use a POA for possible sale. But I'm not an attorney and this is not legal advice...
