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land title: i am my mother legal committee

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  • land title: i am my mother legal committee

    i have been taking care of my mother for 15 years, she is physically and mentally disabled, she is also mentally incompitant. I am her legal committee and have been for 10 yrs. I need to put the family home into my name, so mom can get her full benefits from all sources. also she is willing to do this. My mothers will leaves the home to me upon her death, but owning her home limits her to alot of things she should be recieving. I was told that all I should have to do is contact a land title company and have the property put in my name since i am her legal commintee, I could really use some advise thank you shirley thomas

  • #2
    re: land title: i am my mother legal committee

    It is usually not quite that easy and tax issues may also exist. There are many options but we normally recommend you have a brief meeting with a reputable financial planner first--then all options including trusts, gifts etc. can be carefully reviewed by you depending on your individual circumstances--options do vary widely depending on the details in this area of planning.

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