Transferring Property To A Loved One

For you all that may have lost a loved one, you are probably going through a hard time as is and you may have been told the property has been left in your name. What does this mean for you?

In this video, Megone Trewick, an associate attorney at the Law Office of Bryan Fagan, discusses the process of transferring property to a loved one. She explains the various legal mechanisms available to transfer ownership of property, including joint tenancy, community property with right of survivorship, and transfer-on-death deeds. Trewick also discusses the tax implications of property transfers and emphasizes the importance of consulting with an experienced attorney to ensure a smooth transfer process. Additionally, she highlights the potential risks involved in transferring property without proper legal guidance and cautions viewers to avoid making common mistakes.

The video discusses a scenario where a woman’s mother had transferred her property to her, but the deed was never filed, and now the mother has passed away. The woman has been living in the house for 30 years and has held the property out as her own, but without the deed being filed, there is no formal recognition of her ownership.

The video mentions that the woman has two options in this situation. She can file a petition to quiet the title of the deed, which would ask a court to recognize her as the owner of the property. Alternatively, if the mother died without an estate plan, the property would be inherited by all of the siblings, and there may be a situation where one of the siblings tries to force the sale of the property.

The video suggests that the woman has a good case to be recognized as the owner of the property, given that she has been living in the house for 30 years, has excluded others from the property, and has held the property out as her own. The video also encourages viewers to subscribe to their channel and like them on Facebook.

The Law Office of Bryan Fagan is a leading family law and estate planning firm that serves the greater Houston area, including Harris and Galveston counties, and the surrounding counties in Texas. With offices in Houston, Kingwood, Humble, and the Woodlands, the firm is conveniently located to provide exceptional legal services to clients. The firm’s team of experienced attorneys is dedicated to providing personalized legal solutions in a wide range of practice areas, including divorce, child custody, child support, spousal support, property division, estate planning, and probate.

In addition to their family law practice, the attorneys at the Law Office of Bryan Fagan have extensive experience in estate planning, helping clients protect their assets and plan for the future. They provide comprehensive estate planning services, including drafting wills, trusts, and powers of attorney, as well as advising clients on tax planning and asset protection strategies.

The firm’s attorneys also have significant experience in probate law, assisting clients with the legal process of settling a loved one’s estate. They provide compassionate and efficient legal representation to help clients navigate the complex probate process and resolve any disputes that may arise.

At the Law Office of Bryan Fagan, clients can expect to receive personalized attention and compassionate support from attorneys who are committed to achieving the best possible outcomes. With a reputation for excellence and a track record of success, the firm is a trusted resource for individuals and families throughout the greater Houston area.