With a Will is there any reason to add daughter's Name to Property Title - Parkensons
I am an adult only child. My father has just been diagnosed with Parkenson's. His will states all of his estate goes to me after his death. We have filed a power of attorney that will become completely active when he is ruled mentally incompetent by the doctor. Dad's has requested that I start paying his bills now instead of my aunt, since I will have to do all of this eventually.
I have asked my father not to sell the property and he understands I wish to keep it for my family and as my retirement home. He has agreed at this time. I have an aunt that lives across the street that has stated they want the property if Dad, or I, decide to sell.
Recently, this aunt has accused me of being "after" my father's money. My only interest in his bank accounts is to make sure his assisted living is paid for when his long term disability insurance runs out. I don't even let him pay for the filings we have done, the notarary services or dinner when we he's with us.
This same aunt's daughter was in charge of my father's care for about a year. Her company overcharged him and, as a nurse, she would change his medications without the doctor's permission. He was getting worse and this is why I finally said enough and moved him to where I am.
I am worried they will work on his fear of not having enough money to take care of him to trick him into selling the property. The attorney has recommended I put my name on the property deed and the bank accounts. If Dad agrees to this, how do we do it? Is it hard? Is there an advantage of doing this versus just inhereting it?
Everything is in Texas. The property is completely paid for.
Thank you.
