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Recent Joint Tenancy questions

Can a parent transfer their 50% interest of community

Can a parent transfer their 50% interest of community property to their child? This is regarding a single family residence in the state of California. Is there a law that pertains to this. I have been told that Civil Code 683.2 would reflect this to be true. But my lawyer is unsure that is correct.

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Ray

Lawyer

Doctoral Degree

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This question is Maverick: in continuation to my previous

This question is for Attorney Maverick: in continuation to my previous question, I would like to know until we do the S corporation, how is the situation treated in general legal terms, I mean the 18% and 82%. if no S corp. for example, and just closing is done with the two signatures, does it mean it is automatically considered for taxes as 50-50 ownership? how is it considered in the situation when no S-corp. or other paper work is done, and just title is signed off by both with those % from each?I would like to know how its all treated in general sense.

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Maverick

Doctoral Degree

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House in Arizona - Joint Tenancy with Uncle - Uncle

House in Arizona - Joint Tenancy with Uncle - Uncle harassing for payments on decisions he made without me for the past 10 to 14 years - Was never involved with any decision making - He has kept all rent - he has claimed all rent on his taxes - Wants me to reimburse him for personal expenses (Car rentals, food, etc.) - He has renters in the home - He at one time or another has let his son live there rent free - He has rented the property knowing that the AC is not functioning.My grandfather, dad uncle and myself were on the deed - my grandfather, passed away about 14 years ago - My dad about 2 years ago so if any paying cost should be divided by 3 from the time my grandfather passed away and then by 2 since my dad's passing 2 years ago - Deed was never changed and still shows my grandfather and dad.JA: Employment law can be complex. Fortunately, the attorneys we work with can answer any questions you have about harassment, and I'd like to match you with the person who's the best fit. Have you talked to a lawyer yet?Customer: No not yetJA: Anything else you think the lawyer should know?Customer: I am not sureJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Lawyer about your situation and then connect you two.

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Barrister

Attorney/Landlord/Realtor

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My mother and I have a house in which we are both named on

Hi. My mother and I have a house in which we are both named on title - I believe it is called joint tenancy. I am still residing in the house. What happens to the house title if she was to pass?

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Dwayne B.

Juris Doctor

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I filed quit claim deed in 1999 part of property held by

I filed for a quit claim deed in 1999 for my part of property held by husband and myself, giving my portion to a friend, in case of divorce. Was this legal without my husband's consent in Maricopa County, Arizona?

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LawTalk

Attorney at Law

Juris Doctor

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I have a money judgement in missouri against me in 2010. Can

i have a money judgement in missouri against me in 2010. Can this be renewed after 10 years. I have not paid anything to the creditor but they just garnished $600 from my bank account a few days ago. I am a resident of kansas since I took on the debt. My business that took the debt was in Missouri.JA: You're dealing with a tough issue. But don't worry -- you're in good hands. Because laws vary from state to state, could you tell me what state is this in?Customer: Debt was for a business in Missouri.JA: Have you consulted a lawyer yet?Customer: But i have been a resident of Kansas and field my taxes here tooJA: Is there anything else important you think the Lawyer should know?Customer: The money judgement was a result of a deficency judgementJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Lawyer about your situation and then connect you two.

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Loren

Juris Doctor

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Tj, my daughter and her girlfriend bought a townhouse in

Hi tj, my daughter and her girlfriend bought a townhouse in MD about 4 yrs ago for 199,000, a short sale that needed a lot of renovations. They now want to go their separate ways and the house is an issue, they are joint tenants. My daughter put in at least 20,000 in renovations and appliances (with receipts) and with the appraisal of 245,000 and loan balance of 175,000, the new equity is 70,000. Seems the options are buy out or sell. A buyout would be half of equity (35,000) but how are costs of renovations handled, especially in a “hostile” situation where the friend only wants to compensate my daughter 30,000 (total). The friend was only approved to borrow 205,000 to refinance the buy out hence the 30,000 figure (205,000 minus 175,000 = 30,000). However, the refi is based on holding 20% or 40,000 in equity. So, my daughter is offered 30,000, less than half of the equity and no compensation for her improvements, and the friend is not budging. The friend has not contributed to any improvements,and refuses to agree to sell now. Is it legal for my daughter to be forced to walk away with less than half equity in a refi? Can the sale be forced and can my daughter be compensated for the improvements she paid that really are the reason the house has been appraised for the 45,000 increase? This situation has become extremely stressful and confrontational for my daughter and I don't want her to walk with less than she deserves but I feel this girl has her over a barrel. Hope you can help. thanks

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Dwayne B.

Juris Doctor

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MY MOTHER IS 81, HAS CANCER (CURABLE? WHO KNOWS, BUT THE BILLS

MY MOTHER IS 81, HAS CANCER (CURABLE? WHO KNOWS, BUT THE BILLS ARE PILING UP, SHE ONLY HAS SOCIAL SECURITY MONEY NOT A LOT AS YOU KNOW), OUR HOME IS IN BOTH OF OUR NAMES, DO I NEED TO GET HER NAME OFF OF THE TITLE TO STOP LEINS FROM HER HEALTH INSURANCE COMPANY?

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Loren

Juris Doctor

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My elderly father has invested in properties out of state.

My elderly father has invested in properties out of state. The property taxes appear to be current.. He wants the names on the deeds to be changed. What legal real estate documents do we use for Tenn. and S.Carolina? We all live in TX.And, what is the proper process?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

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