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Richard, Attorney
Category: Estate Law
Satisfied Customers: 55303
Experience:  29 years of experience practicing law, including tax and estate planning.
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I want my only grandson to inherit everything from me. My

Customer Question

I want my only grandson to inherit everything from me. My house still has a mortgage what is the best way to handle? Will a quitclaim deed be appropriate?
Submitted: 1 year ago.
Category: Estate Law
Expert:  Richard replied 1 year ago.

Good afternoon. My name is ***** ***** I look forward to helping you.

Can you provide me a bit more information? Are you intending to give the house to him now or only upon your death? Thanks.

Customer: replied 1 year ago.
At my death
Expert:  Richard replied 1 year ago.

Thanks for your reply. Then, you have can do this one of three ways. One, you could transfer the title to him now by quit claim deed and reserve a life estate for yourself which would give you the right to live in the property until your death. Two, you could establish a revocable living trust with your grandson as the beneficiary and then transfer title to the property to the trust now; and then upon your death, the trust agreement naming your grandson as beneficiary will control. Three, you can simply designate your grandson as your beneficiary under your will and then upon your will, the will provisions control.

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