Legal Question in Real Estate Law in Nevada
type of deed to protect sons' interest from in-laws
I live in Nevada (community property state) and own a house that is in my name only. I have two adult sons (each have kids) and have remarried. I want to put my new husband and my sons on the title to the house, but want to insure my sons (or their children if they pre-decease me) would get the house and not my husband's family in the event I die first or my husband and I die in common accident. What type of title (joint tenacts, tenacy-in-common, etc) would insure that? Does a will have any power over land inheritance? I want to do the same thing for some property in Utah I own. Would it be in the same in Utah?
2 Answers from Attorneys
Re: type of deed to protect sons' interest from in-laws
If you put your sons and your current husband on as joint tenants, the property would go to the last person to survive, which could be your current husband. However, when he passes, it would go to his children or family and your grand children would get nothing.
In your will, you could state that your grandchildren would step up by right of representation and as long as you had a grandchild that survived your husband, you would be ok. You may also give you and your husband life estates and then the property would go to your children or grandchildren.
This is something that you should not do yourself or with a title company. I believe that a competent attorney is necessary to ensure that it is done properly.
Re: type of deed to protect sons' interest from in-laws
You could transfer the title to your sons through your will. However, if you put your husband's name on the title (deed), he will own a portion of the property . . . no matter what. If you want it to go to your sons upon your death, you can put it in your will, or have you and your sons on the deed as joint tenants with right of survivorship. Then, the last remaining survivor will own the property in fee simple. Keep in mind, though, that with a joint tenancy, one son will lose his share of the property upon his death. If you were tenants in common, you would each own an undivided interest in the property which each of you could transfer either by deed or by will.
In order to discuss all the possibilities and scenarios, I suggest you call the office and set up an appointment.