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My father put his second home in all three children’s names with a Life tenancy for himself on the property. My father is still alive and going strong. Can he reverse this? The house is in Barnstable County MA. Because of my sister’s continuing money issues my father has never told my sister about putting the house in all our names. If my sister declares bankruptcy in Norfolk County will my father’s house to open to covering her debts?
Optional Information: Country relating to Question: United States State (if USA): Massachusetts Already Tried: We have tried nothing. We are just gathering information to see what options we have.
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Good afternoon. Unfortunately, if the deed was signed and delivered it is a legally and binding transaction and he cannot take back unilaterally what he no longer owns. She would have to agree to quit claim it back to him. I'm presuming that even if father never told her, he did record the deed, which would constitute delivery. If she will not agree, and she were to file bankruptcy, it would only affect her remainder interest in the property, it would not impact father's life estate.
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