is it a good idea for my mother to put her house in my name and my brothers name?
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is it a good idea for my mother to put her house in my name and my brothers name?
my mother is 92 years young and failing health. she wants to put her house in my name and my brothers name. we are already listed in her will to inherit. she pays no taxes with homestead exemption. very small home , 2 br and 1 bath. maybe worth 75,000 dollars. any advantage to doing this?
Asked on October 9, 2017 under Real Estate Law, Florida
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
Your Mother is a smart woman, doing a little estate planning here. Putting the house in yours and your brother's name allows it to stay out of the Probate Court and then nothing need be done when Mom passes away. Call an estate attorney and ask for a consultation fee and fee for transer of the house. Good luck.
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