Recent content by AtlRick

Thanks for the detailed information - very helpful! I had wondered about tax implications, so it is also very good to know how this works. It appears that this was a good choice for the circumstances. His assets, including property, are way below that $5M amount, so it doesn't sound like there...

Thanks - this is good to know, re: the name of this deed and the fact that I should be able to get a copy.

I am posting an update on this matter pertaining to my elderly (approximately age 80) brother and his decision to add me to the title of his property. So I alluded somewhere in this thread that he is not always very receptive to advice and can be a bit difficult to deal with. I've tried to give...

Thanks to all for the very helpful information. I am in the process of helping him find an attorney in his area. I'm aware that the attorney will advise on the various considerations, but would the main advantage of a revocable living trust be the aforementioned tax implications? (I had heard...

He's old, slow to take actions, and is in a different area... it requires a certain degree of nudging to get him to go to any appointment, with me or alone. I also didn't want to presume consulting an attorney without him. It's taken awhile to convince him that there are potential complexities...

So I learned recently, a bit to my surprise, that my brother hasn't paid the house off. He still has a mortgage, albeit the payoff amount is less than $9,000 so he would likely have it paid off within a year. Nonetheless, I realized this only when he mentioned that the bank still has title and...

He has neither a spouse nor children. He was married for a few years, about 35 years ago, but then divorced. His former wife passed away years ago. They didn't have any children together. (Although she had a couple of kids prior to their marriage and now they are adults, but hard to imagine...

Can a Revocable Living Trust (or an Irrevocable one, for that matter) be done without an attorney? There seem to be various organizations and sites (examples: NOLO, LegalZoom) that provide forms and step-by-step processes that purport to allow you to at least make basic Wills and Trusts online...

My older brother in South Carolina wants to add me to the title of his home so that when he passes, I will become the owner and presumably this would simplify matters compared to only listing me as his sole heir in his Will. He owns the house fully and it is paid off. He is not sure how to go...

We live in a community of cluster homes. They are spaced closed together. On one side, there is only about 12 feet between our house and our neighbor's house. We only own about 3 feet of land on that side of the house. Our air conditioning compressors/fans are located there, and have been...