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-   -   Can I add my children to my deed/title of my vacation home. Grand Rapids, my (https://www.askmehelpdesk.com/showthread.php?t=563227)

  • Mar 18, 2011, 07:46 AM
    meandyou12
    Can I add my children to my deed/title of my vacation home. Grand Rapids, MI
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  • Mar 18, 2011, 07:58 AM
    smoothy

    You don't want to... put it in your WIll. It will save them money and not put it at risk if you needed to sell it. There are NO advantages... and many disadvantages and risks.

    It can be seized and a partition sale forced for example if even ONE of your kids ended up in bankruptcy as just one risk.

    There a LOTS or reasons you never... ever want to do this. I would talk to an estate planner to explain all of them to you.
  • Mar 18, 2011, 08:11 AM
    joypulv
    I agree with smoothy (although you can). Why do you want to?

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