Legal Question in Real Estate Law in Missouri
My 83 yr old mother owns a home in Missouri and she is no longer able to matain the up keep of it. How can I put the house in my name. It is a summer home on the lake and we matain resedence there for a few summer months. The rest of the year she live with me in Calafornia. Can I just put the house in my name. What would happen if I did that and she neeed to go into a care facility. The house has a Beneficary Deed and it is mine upon her death.
1 Answer from Attorneys
If your mother is still capable, she can deed the property to you. There may be tax strategy reasons why she used a beneficaiary deed before. Your mother should consult with her accountant and estate planning attorney before making the new deed. Your mother may also jsut appoint you as her limited power attorney for the lake house.
Good luck