Who should inherit my mom's house? A step-sister is claiming a share of the reader's mom's house after mom quitclaimed the deed to her father Q: My mother and father were married for over 20 years. During their marriage they bought a house. At some point my mother signed a quitclaim deed and made my [...]
Adding Successor Trustees and Beneficiaries When you should revisit your trust documents Q: My house is held in a trust. My nephew is the successor trustee. He not only is the successor trustee, but he and his sister are each 45 percent beneficiaries. Another nephew is the final 10 percent beneficiary. Only my home is [...]
HOA Won't Pay Repair Bill Here's why the homeowners association won't agree to foot the entire bill for water damage to an owner's unit. Q: We own a condo in Atlanta as a secondary residence. About a year ago we discovered a portion of our floor was saturated with water. We discovered, and the [...]
Should I Put Inherited Property In LLC? Reader wants to know if using an LLC to transfer property ownership after death is the best way to avoid probate Q: I inherited a parcel of land upon my father's death. His wishes were for the property to remain in the family for my children. In order [...]
2024 Personal Finance Resolutions Every year, Ilyce and Sam offer their readers New Year’s resolutions for home buyers, sellers and their personal finances. These are their 2024 Personal Finance Resolutions. Have you made your 2024 Personal Finance Resolutions yet? Before you do, consider this: Are we in a Silent Depression or a booming economy? Since [...]
Do I need a quit claim deed? Reader wonders if she needs a quit claim deed if living trust is in place Q: Is there any risk, concern or benefit to simply adding a child to title through a quit claim deed (not replacing homeowner on title, but adding)? This child is the beneficiary and [...]
Aging in place: forgetful seniors cause property damage Q: What do you do about forgetful seniors who are hellbent on aging in place and are causing property damage? We live in an upscale condo high rise building. We have a sizable group of aging residents who cause damage to units around them and common areas. [...]
How can property go to a spouse after death? Brother gave his sister the deed and never put his wife on title to their home. Q: Our local newspaper printed one of your articles, “Joint Property Co-Owner Dies Without Will.” My brother recently passed away. He was married but never made the effort to put [...]
Dementia and Real Estate: Caring for Dad in home. How can one reader keep her father in her home while still living independently with her family? Q: My parents own a five-acre parcel of land. My father is ill with dementia, and is living there alone. My mother assists him from a home she owns [...]
Elder fraud or elder abuse? Godson worries his family is trying to steal his godfather's money Q: I'm wondering if someone is trying to steal my godfather's money. It could be a case of elder fraud or elder abuse. Here's what's happening: My godfather was put into assisted living by his family. He has a [...]
