Legal Question in Real Estate Law in Colorado
Correct form needed in reguard to land an mobile home
My fiance signed over property with a mobile home on it to me so that he would not lose it. What would be the correct form to make up to be sure he gets it back should something happen to me-die or am incapacitated in some way?
1 Answer from Attorneys
Re: Correct form needed in regard to land an mobile home
What do you mean that the fiance signed over the property to you "so that he would not lose it"? If by this you mean that it was transferred to you to avoid it being attached or otherwise to avoid creditors, you may have proceeded with what is termed as a "fraudulent transfer."
This means that, assuming you are involved in a matter as to creditors, that they can go after the property regardless of whose name it is in.
Now I realize the above discussion on transfer may not apply to you. Either way, you should talk to an attorney regarding the transfer and about wills and powers of attorney as to transferring property on death or incapacity.