Q: What is best and safest to secure the transfer of ownership of a my house/property to my daughter.
Im 36 fully own a property with home and want to know the best and secure way to ensure the transfer of ownership to my daughter in the situation of my sudden demise so the property can't be legally sold or anything without my daughter being a legal adult to make her own decisions regarding the propert?. She's 13 now lives with her mom.
A:
Placing the home in a revocable living trust would work well in this situation. You retain total control during your lifetime and when you pass the house passes to a successor trustee for the benefit of your daughter. You would want to put all of your assets in the trust so they can all be managed together and avoid probate. You also need to nominate a guardian for your daughter.
An experienced estate planning attorney can help you with this.
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