Q: I found out my name & my sibling name was added to parents home deed, we didn't sign anything. Should I worry?
They live in the home & it's only valued at under $11k. There's no mortgage. The concerns are: we didn't sign anything to agree to this; they are financially unstable; have large medical bills & we don't know if they pay taxes or insure it. Could we be held liable if they don't pay property taxes? Or if someone injured on the property? Should they ever be sued, could anyone come after the property I live in and own? After looking on the county assessors website, it does list all our names. Advice please.
A: Depends how it's added. May be good or not. I think you need to consult an attorney for the way it should be that would be best.
If you and sib are tenants by the entireties with right of survivorship" it can be good but may have consequences. Speak to an attorney.
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