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Buying or Selling a Home/adding daughter's name to my mobile home title

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Expert: - 2/27/2010


Question
How do I in Mass, go about adding my daughter's name to my mobile home? I want to do this as I am 71 yrs old and am concerned that if I end up in a nsg home, I will lose this home. Is there a cost involved?

Answer
Hi Kathie;
this is more of a legal and estate question.  Adding your daughter to title requires a legal recording and an attorney can do this.  If you want, and if you have a tax advisor you can ask for them to assist instead.  Just adding your daughter to title will not need much but you might also look into financial responsibilities and ask about transferring title, willable title, and all of the other types of shared ownership.  You should also ask about'gifting' of an estate or part of an estate. there may be some advantage to you to do this. Since I have no idea what you finances aare nor do I know you tax situation, it is difficult to advise you.  You should check tax laws and find out what your tax ramifications are.

Best wishes,
Jessica Bryan

Buying or Selling a Home

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Jessica Bryan

Expertise

buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.

Experience

Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.

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