Q: When you have grown child on deed of home..if you file bankruptcy, does that child lose right to home?
A: Generally, if it was done for merely "Estate Planning Purposes", this is usually not an issue. However, if you have an overly zealous Trustee, he/she may claim, based upon how long ago the transfer was made and a lack of consideration, that it was a "Fraudulent Conveyance with the intent to Defraud your Creditors". You should speak with a Bky Atty in your area for a Free Initial Consultation, so you can have this issue discussed further and feel out your local Trustees.
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