Your Note will provide you with that answer.

Yes you can purchase a home, real property or mineral interests. There shouldn't be any "legal" drawbacks to that form of ownership.

If there was no Trust or Transfer on Death Deed you are probably looking at Probate. Depending on the situation a summary probate might be appropriate. The question merits a visit with an attorney in your locality.

Sorry your family is facing this issue.

If your parents are receiving Medicaid benefits there is a potential that the State may want to place a lien on the property. There are many factors to consider including timing of your name being added to the title and who contributed funds.... View More

You have a two part question:

1. Unless you signed a note, you are not personally liable for the debt. Still the mortgage holder can foreclose on the property.

2. You are also not personally liable for the taxes. But if the taxes are not paid the property will be sold at a... View More

You could sell your interest in it, if you could find a buyer (you can't) but if both of you are on the title, both of you will have to consent to a sale. If he's not living there and doesn't want to make the payments, maybe he will participate. The mortgage will have to be paid from... View More

If you give property away for less than fair market value you may have issues with:

-Gift tax return

-Medicaid eligibility

-SSI eligibiity

You may also inadvertently disqualify her for Medicaid, SSI and other benefits.

There are other issues you may wish to consider.

This all depends on how the property was titled. If it asi "joint tenants with rights of survivorship" all that is needed is an affidavit of surviving joint tenant. Otherwise, you may have owned the property as tenants in common which may mean that the stepdauther may be entitled to a... View More

This is really simple. Just need the owners names, trustee names, name of the trust and date of creation, legal description and filing fees. Really inexpensive to have an Oklahoma compliant deed created by an attorney.

Yes, but in most cases a simple Quit Claim Deed is appropriate. However, there may be good reasons not to add a loving spouse to property you own. His financial or tax issues may become liens on your property. You should consult an attorney before taking such a step.

Without more facts this is difficult to answer. If there are profits, you are probably entitled to them. You should be entitled to an accounting for the income and expenses from whoever is managing the property. If you are dissatisfied you, as a tenant in common, have an absolute right for... View More

There are several options to adding an individual on your property. But we should start with the question of "Why is it important and what are you attempting to accomplish?"

If you just want to make sure that she inherits it, this can be done with a Will, a Trust or a Transfer on... View More

If you are the last surviving joint tenant, all you should need is to sign and record the correct Affidavit of Surviving Joint Tenant (or Affidavit of Termination of Joint Tenancy). The affidavit notifies the world that you are the only remaining owner. You shouldn't need a deed unless there... View More

Are you sure that he didn't say probate?

You are probably headed to probate. The good news is that if any of the following apply, you may be eligible for a fairly inexpensive summary probate that can be wrapped up on about 90 days:

-the total value of his assets in Oklahoma is... View More

In New York, at least, one would record a correction deed in order to correct a ministerial error such as this.

You could attempt to assemble all the facts so as to prove an equitable form of ownership and only hope that you achieve success. This would, however, require your bringing a lawsuit.

A qualified Yes. He must get permission from the Court to do so. The Judge will be interested in the reason, or necessity to do so, and is it a fair price, among other things.

Yes.

I'm sorry I didn't see your question earlier. I hope by now it has been resolved. If not, please ask it again.

Please visit my website https://www.garyjdean.com and Subscribe for updates on Oklahoma Law.

For your answer I am going to assume that the deed to the three people did not give one a greater share than any other. In that case, C would own 1/3 under the facts presented. If A died instead of deeding the property to B, then B & C would own 1/2 each if it was a Joint Tenancy with right... View More