What is the name of your state (only U.S. law)? California
Mother owns her house free and clear. She has 3 children. Assuming that all children get along, and that Mother would like 3 children to inherit the house at her death, what would the disadvantages be to have her children on the deed of the house now? The thinking is that at her death, the 3 children own the house and there should not be probate and taxes...am I right?
Thanks,
Mother owns her house free and clear. She has 3 children. Assuming that all children get along, and that Mother would like 3 children to inherit the house at her death, what would the disadvantages be to have her children on the deed of the house now? The thinking is that at her death, the 3 children own the house and there should not be probate and taxes...am I right?
Thanks,