Legal Question in Wills and Trusts in Nevada

Re: Leaving home to Grand daughter

Is your granddaughter an adult? Children cannot own property in their own names.

Did you know Nevada has no estate or inheritence taxes unless you have a total worth of more than $500,000. (It actually might be closer to $850,000 or even &1,000,000 - I'd have to look it up)

If you have joint ownership with right of survivorship, you lose control of the property and can't sell without the other person's signature. And their creditors can place a lien on your home. So DON'T DO THAT!

Have you considered a living trust...or maybe just a will? Have you considered how she will make the house payments or whether she wants to keep the house? There is a lot to consider. If you are in Las Vegas, I hope you will call me for a consultation, and we can discuss your options.

You sound like a sweetheart - I wish my Nanna were still around to think about me.