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mother wants to put sons name on some land property is case something happens. Son does not want responsiblity for taxes and such if something happens. Son will not necessarily inherit this property. Son has 3 children, 2 college age and does not want to claim this as an asset (since his name would be on it) for college loan purposes. wouldn't it be better for it to be put into a trust or 'estate of' ownership to avoid probate. What are the legal issue with putting something that may not be his in his name also if something would happen to the mother, and could that property be considered his asset also?

Submitted: 381 days and 13 hours ago.

Category: Estate Law

Value: $30

Status: AWAITING CUSTOMER ACTION

eagan, Minnesota

Already Tried:
some other legal adivce websites.

Posted by INFOLAWYER 381 days and 13 hours ago.

Answer

If his name is on it, its his asset as well. putting it in trust is a superior option given the concerns you mentioned.

381 days and 13 hours ago.

Reply

So if the mother just wanted a second contact listed with the county that the property is located in, is there a way to do that without adding the sons name onto the deed?

Posted by INFOLAWYER 381 days and 13 hours ago.

Answer

Can give them his contact information without making him an owner or liable for ant taxes, if he agrees to be so contacted. Better to have a lawyer as a contract but that is your call.

381 days and 13 hours ago.

Reply

If he was just listed as a contact, he would not have any legal ties to the property, he would not be responsible for taxes or anything, just a contact.

Answer

Right

Accepts:
Expert:	INFOLAWYER
Pos. Feedback:	96.9 %
Answered:	11/6/2008

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eagan, Minnesota Already Tried: some other legal adivce websites.

Answer

If his name is on it, its his asset as well. putting it in trust is a superior option given the concerns you mentioned.

Reply

So if the mother just wanted a second contact listed with the county that the property is located in, is there a way to do that without adding the sons name onto the deed?

Answer

Can give them his contact information without making him an owner or liable for ant taxes, if he agrees to be so contacted. Better to have a lawyer as a contract but that is your call.

Reply

If he was just listed as a contact, he would not have any legal ties to the property, he would not be responsible for taxes or anything, just a contact.

Answer

Right

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eagan, Minnesota

Already Tried:
some other legal adivce websites.