Quote:
Originally Posted by cabmandone
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...  |
NC does not recognize TOD deeds. There is some conflicting info out there, but bills have been introduced that have not passed. Other assets can be TOD'd.
Yes, a durable power of attorney would allow op to act on his parents behalf in transferring assets, including real estate. Caution that some brokerages won't recognize a dpoa that's not on that brokerage's form document.