QUESTION
Writing a Will where there are two owners of a property
Asked on Mar 12th, 2013 on Wills and Probate - New York
More details to this question:
My father and I purchased a home in New York City. Both of our names are on the deed of the house. My father now wants to write a will, but to do so, he has to be owner sole owner of the property. He wants to remove my name from the deed, so that he can then divide the property 5 ways. (for his children, if he dies). However, I am still liable for half of the mortgage. How do we do this in a way that is legal and is mutually beneficial?
1 ANSWER
1 Award
What you posted makes no sense. Your father does not need to change ownership to write a will. You can do whatever you want for your dad, and it would be legal. Whether it is beneficial to you is another question. Doing nothing appears to be beneficial for you.
Answered on Mar 24th, 2013 at 9:38 AM