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1. How to Leave Your Home to Your Child?

2. A couple approaching retirement age were hoping to sell their current
home and purchase a new one with their daughter.

3. The parents might consider using the cash from the current property sale
and lending it to their daughter to buy the new home in her name.

4. The parents would receive the deed of trust or mortgage and create terms
and conditions on the loan.

5. It’s possible that this would result in a better rate of return by lending the
money to their daughter.

6. The entirety of one half of the property stands for husband and wife as
tenants, and as joint tenants right of survivorship with the other half
owned by their daughter.

7. In the case that the wife or husband dies, she will have full ownership of
the home because the agreement is under “Joint Tenants”. There will be no
need for probate unless assets are to be distributed.

8. An estate attorney must be consulted in cases such as this to give you more
detailed information and proper guidance on the best way to resolve issues.

9. Was this information helpful to you? The Showcase Realty team is
committed to providing you with a seamless service to manage your
probate, trust or conservatorship sales transactions.

10. For any help with probate services you may inquire, please feel free to call
us at 704 997 3794.