Friday, December 5, 2014

I am being taken to court and the attorneys would like to know if I own any property. My dad put my name on the deed to his house 4 years ag...

Question

I am being taken to court and the attorneys would like to know if I own any property. My dad put my name on the deed to his house 4 years ago. If I'm being sued, could the attorneys take the house even though it's my dad's home?



Answer

Yes, they sure could. It also screwed you out of tax breaks you would have gotten had he set it up for you to receive title by will or trust after he died.



Answer

Mr McCormick is correct in his answer to your question.



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