I have a house and need to transfer the ownership to my children who are above 18 Years..What can I do?....Tha
142160
If the prorerty is yours,make a deed to them.You can either divide between them or let them make that decision whenever it needs to be done.
1160500
Take them to a brokerage firm.  Open an account.  Sell away.
1090112
Contact a conveyancing lawyer. They are not very expensive and well worth the money to make sure it all goes smoothly
1142582
Sorry, you're a minor. (I'm only 14) And as such you can't legally own anything. Now, as a parent as a custodian you could get some of that stuff, but in the end they would always have the final word on everything. (You don't really legal exist, your parents represent you) But even with a custodian you couldn't get the patents or copyrights you need under your own name. You could (if you had the money) hire a lawyer to represent you as an adult, but your parent would have to consent. As for bank accounts, you may be able to open a joint account with one of your parents. (I did) Personally, I'd wait a bit, maybe until you sixteen or so to get really serious. Talk to your parents about it (I know, that wouldn't be like you want, but that's life as a minor) I hope you do really well in all your future endevors.
189679
The Only way you could do that is if you and your children were physically living with whoever you were going to let claim them on thier taxes for at least 7 months out of 12 for that tax year, plus they have to be able to claim head of household because if you were working and lived with that person for the alotted time but you made more money than them, they can't do it.
917401
You would have to transfer ownership of the house to the corporation. This would probably  be a taxable gain for the corporation so I don't think it would be a good idea.
1150754
Reverse Mortgages are HEAVILY regulated by the Department of Housing and Urban Development (HUD). If memory serves the youngest borrower must already be 62, credit scores do not come into play since the loan is based solely on the equity in the home. Before you can get this loan you must sit down with a HUD councilor so that you will understand exactly what is going on.\n\nCheck out www.hud.gov and follow the links for seniors. There is a wealth of information there. Also check out the AARP's site. I understand they provide a ton of info there as well. Watch out for a big scam from companies which will sell you all you want to know about this product. This information is completely FREE from HUD. Doing these loans requires a special certification on the part of the loan officer and or lender as well so not everyone has the ability to put this loan together for you; myself included.\n\nI think this is a great product for folks in their golden years who have equity built up in thier properties and are looking to supliment their retirement income. One big myth is when you die your family looses the property; this is not true. Title never changes from you. Once the last person either dies, no longer occupies the property for 12 months, or the property is sold then the loan comes due. The family can either sell, refinaince or turn the property over if all of the equity is exhausted. You will still be responsible for the insurance and property taxes just like you are now.\n\nI hope this helps but definately check out the information on the HUD web site.\n\nKevin 866-562-6838 x 106\nkruorrock@firstfratelending.com
45161
That depends on where you live, and how far back in history you'd like to look.  Some municipalities have online real estate property records (through the County Auditor's website, in my area), but usually not going back more than 25 years or so.  \n\nYou'd probably have better luck going in person to your county recorder's office and asking to see the transfer records for your parcel.
774353
His ownership of it may not be transferrable to you unless they own it as a tenancy in common.  And even then, his share going to you may not guarantee you the right to live in the home.   \n\nIf they own it as joint tenants, it's basically one dies, the other one becomes full owner.  You get nothing.  \n\nYou really need to see a real estate attorney in your area to find out your rights and what you should do.
686036
Oh.  Dear.  God.  \n\nThis is exactly why you don't post this kind of question in these forums.  None of these people know what they are talking about (with the exception of those that suggest speaking with a lawyer.)  There are serious tax and legal consequences to how you hand over property.  \n\nI am a California lawyer with very little experience in estate planning.  However, I have spoken with estate planning lawyers in my office often enough to know that the only person you should be speaking to right now is an estate planning lawyer.  Example -- if you quit claim (not "quick" claim) the house to your children, your children could kick you out of it tomorrow.  Presumably, you only want the children to have the home once you pass on.  This is usually done through establishing a trust estate.\n\nAnother example:  if you put title of everything you own in your children (as suggested by Loo) you lose all control over your property during your life.  This is a monumentally bad idea.   If you put your kids' names on title, you will not ever be able to dispose of any property without their approval.\n\nAnother bad example:  deeding the home over in exchange for $1.00 (as suggested by drdemento61.)  Again, big mistake.  This could easily be undone as a sham transaction.  Not to mention, there are serious tax consequences to both you and your children for this kind of stunt.  You and your children both would have to pay massive amounts of gift taxes.  And, as mentioned above, you'd immediately be dispossessed of your home.\n\nAs for making a will -- if you merely will the property to your children then the property will have to be run through probate.  Your kids may have to pay probate taxes.  Again, this is a complicated matter.  Go spend the money on an estate planning lawyer.\n\nWhat you need to accomplish is maintaining control over your estate during your lifetime while devising your property to your progeny to ensure the minimum amount of taxes taken out and the minimum amount of headache.\n\nDO NOT follow the purported legal advice of any person here (including myself.)  Go find yourself an estate planning lawyer.  You can find one in your area by doing a search on www.martindale.com.  Make sure that they are CERTIFIED in estate planning with at least 10 years experience.
358064
the best way to transfer your mortgage to a familly member who has been living with you for at least 2 years ( it can be rent free) is to refinance the house and make that person the note bearer. The person has to at least be a brother, sister, child or spouse. A prepayment penalty might be assessed but it is usually minimal compared to losing the house)\n\nstep one : quit claim that person on the deed \n\nstep 2 get them qulified for a loan with a lender that will allow this type of transaction. If your broker has no clue i could sugest a few lenders to you that would.whole sale lenders most likely will do this thats why i sugest a mortgage broker and not your local bank.\n\nif you do not have a prepayment penalty this would only cost you about $11 for the quit claim deed about $365- $600 for the appraisal depending on your state and the cost of home owners insurance in their name ( this will have to be paid for a year up front  for the insurance binder. the cost of the appraisal and insurance could come from the euquity in the subject property and not out of pocket.\n\nmake sure you quit claim off the deed too
838606
Pay your late payments or contact an attorney.  There a lot of good attorneys that work specifically to help you find the loop wholes to keep your house.  Or you can try to find a buyer and sell it before you lose it completely.
1008273
You can do a like-kind exchange, where you trade the property for another, and defer your gain until you sell the new property. The rules are complicated--you should talk to a CPA.
445377
hi. I kind of do this for a living in Texas and don't know where you are, so the rules could be different.  I would suggest that you contact the contact person at the state and real-friendly-like start there by asking if you could get a copy of the "title work" they "ran" (conducted) to arrive at their ownership information.  This would be the easiest way to determine what the actual percentages owned by each person are under the two lots.\n\nIt sometimes happens that when land is deeded or willed out even to a group of people, the percentages of ownership can be unequal. For instance, if your grandparents passed the lots by their wills to their 10 children thusly,"I want my 5 sons and four daughters, Cindy, Amy, Sarah, and Sue to share and share alike in 75% of the lots, but I want my remaining daughter, Jean to have an undivided 25% of the lots b/c she took care of me in my old age."  Thus Jean would be entitled to 25% of the money from the state, and the others only divide up the remaining 75%.\n\nThis could happen if the 5 who deeded to the other 5 said it similarly, "We deed our interest 75% to our siblings Joe, John, Cindy and Sue, undivided, but deed the remaining undivided 25% to Jean, who took care of Dad."  See?\n\nHowever, if all the transfers were made equal and undivided amongst all 10, then the same way amongst the 5, then that one Aunt is out of luck. She may have gotten "ripped off" by having paid more to her siblings than the others did, but tho that would stink, it wouldn't get her more.  The deed wording controls.\n\nSo for you to be able to help: You have to see the documents that put the title into your uncles and aunts the way it stands today. If the state can't or won't help you, then go to a title company in the county where the land is and tell them you will pay for a title check, or a title insurance commitment.  Or go to a reputable real estate lawyer who can go to the county records and check them for you. It is a little expensive, but will shut Auntie up.\n\nGood luck. Remember--she may have a reason for thinking as she does, that goes beyond just greed. Old people often remember things that happened. I find talking to them very useful in my work.
580617
It is rare (almost unheard of) that loans are assumable any more. You will need to get a mortgage in your name. The lender should be able to help you with the title transfer.
933772
While you are quarreling, the house and shop value is deteriorating.  Ever see old houses falling down because heirs couldn't decide what to do with them!  How's that for preserving a parent's memory.  Have the property appraised and have those who want it give the rest their monetary share.  If some want just land, have the property subdivided.  Then there's the family where some kids are always given more than others.  Those are the ones who want the others to "give" them something instead of sharing the burden.
374438
kids of that age are very hard work as any parent will tell you.  The first rule with out knowing your circumstances is not to try to replace the mother that i assume they have lost for what ever reason.  You must be the adult and keep respect on both sides.  As one of the other answerer's says try going to the park, have fun join in with them, give them your time it is worth more that any money.