Legal Question in Real Estate Law in Texas
Will a warranty deed suffice for the transfer of real property ( house, cars)upon the death or incapacitation of my father? Can he deed me these in a warranty deed instead of making a will that is a much more costly process(with probate and all) ? My half sister has already ceded any interest through a notarized document, and there are only the house, the land that it sits on and approx. 3/4acre(all at the same site), and his automobiles.
Asked on 1/18/10, 10:52 am
1 Answer from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
There are expensive tax ramifications to deed a property prior to death and your father might lose Medicaid benefits. It is best to consult an attorney and cpa prior to taking action..
Answered on 1/24/10, 7:35 am
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