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Re: A legal ?
[Re: Drycreek]
#2883020
08/20/19 05:30 AM
08/20/19 05:30 AM
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Joined: Jan 2002
Posts: 10,484 Bham
Dallas County
Booner
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Booner
Joined: Jan 2002
Posts: 10,484
Bham
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Whey don't you just have a lawyer draw up a will and use trusts and trustees?
not sure what the best way to handle them is but they shouldnt be on tv and gettn married and raisin kids
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Re: A legal ?
[Re: Dallas County]
#2883038
08/20/19 06:42 AM
08/20/19 06:42 AM
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Joined: Dec 2018
Posts: 1,400 Chilton Co
Drycreek
OP
8 point
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OP
8 point
Joined: Dec 2018
Posts: 1,400
Chilton Co
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Yes and no. Gonna take an attorney to get all the details but age matters. The way I remember it is in Alabama a person must be 18 (maybe it was 16) to own property,ie, land. My wife had to be a trustee or whatever it was called for her sister until the sister turned 18 and then wife was removed from it. So, if you kick out and they are under 18, they will need someone else with them. Yeah don’t have that to worry about youngest is 42 and the oldest is 56. Whey don't you just have a lawyer draw up a will and use trusts and trustees? Would prefer to dodge a will if possible my dad dodged doing a will by doing something similar but it was done in a different State.
Last edited by Drycreek; 08/20/19 06:43 AM.
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Re: A legal ?
[Re: Drycreek]
#2883052
08/20/19 07:08 AM
08/20/19 07:08 AM
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Joined: Jul 2012
Posts: 5,009 Marion, Fayette, Lamar, piddli...
Lonster
12 point
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12 point
Joined: Jul 2012
Posts: 5,009
Marion, Fayette, Lamar, piddli...
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In Alabama can you put your children on your property as joint owners with right of survivorship? Yes, your children are adults. However, by doing so you will continue to have an interest in the property. The best advice that I can give you is that you need to sit down with an attorney that does estate planning and discuss your options/goals. Too many folks try to save $100 and create a $1,000 problem.
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Re: A legal ?
[Re: Lonster]
#2883065
08/20/19 07:21 AM
08/20/19 07:21 AM
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Joined: Jan 2009
Posts: 7,780 central ala,
centralala
14 point
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14 point
Joined: Jan 2009
Posts: 7,780
central ala,
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In Alabama can you put your children on your property as joint owners with right of survivorship? Yes, your children are adults. However, by doing so you will continue to have an interest in the property. The best advice that I can give you is that you need to sit down with an attorney that does estate planning and discuss your options/goals. Too many folks try to save $100 and create a $1,000 problem. Aren't you an attorney?? Maybe give him suggestions on what to watch out for. The deed he is talking about is simple. I can do it myself and have it recorded. No problem. BUT....BUT what the attorney will be for is to explain the fine print in law. Such as what happens if 1 on the deed has a lien placed on the property?? What happens if all get killed in a plane crash at the same time?? What if 1 uses his part as collateral?? Yea, the deed is the easy part.
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Re: A legal ?
[Re: centralala]
#2883094
08/20/19 08:01 AM
08/20/19 08:01 AM
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Joined: Sep 2012
Posts: 18,047 North AL
AU338MAG
Old Mossy Horns
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Old Mossy Horns
Joined: Sep 2012
Posts: 18,047
North AL
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In Alabama can you put your children on your property as joint owners with right of survivorship? Yes, your children are adults. However, by doing so you will continue to have an interest in the property. The best advice that I can give you is that you need to sit down with an attorney that does estate planning and discuss your options/goals. Too many folks try to save $100 and create a $1,000 problem. Aren't you an attorney?? Maybe give him suggestions on what to watch out for. The deed he is talking about is simple. I can do it myself and have it recorded. No problem. BUT....BUT what the attorney will be for is to explain the fine print in law. Such as what happens if 1 on the deed has a lien placed on the property?? What happens if all get killed in a plane crash at the same time?? What if 1 uses his part as collateral?? Yea, the deed is the easy part. That's what lawyers get PAID to do.
Dying ain't much of a living boy...Josey Wales
Molon Labe
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Re: A legal ?
[Re: AU338MAG]
#2883103
08/20/19 08:11 AM
08/20/19 08:11 AM
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Joined: Jan 2009
Posts: 7,780 central ala,
centralala
14 point
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14 point
Joined: Jan 2009
Posts: 7,780
central ala,
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In Alabama can you put your children on your property as joint owners with right of survivorship? Yes, your children are adults. However, by doing so you will continue to have an interest in the property. The best advice that I can give you is that you need to sit down with an attorney that does estate planning and discuss your options/goals. Too many folks try to save $100 and create a $1,000 problem. Aren't you an attorney?? Maybe give him suggestions on what to watch out for. The deed he is talking about is simple. I can do it myself and have it recorded. No problem. BUT....BUT what the attorney will be for is to explain the fine print in law. Such as what happens if 1 on the deed has a lien placed on the property?? What happens if all get killed in a plane crash at the same time?? What if 1 uses his part as collateral?? Yea, the deed is the easy part. That's what lawyers get PAID to do. No shite?? Who woulda thunk it??
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Re: A legal ?
[Re: Drycreek]
#2883215
08/20/19 09:51 AM
08/20/19 09:51 AM
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Joined: Jan 2002
Posts: 10,484 Bham
Dallas County
Booner
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Booner
Joined: Jan 2002
Posts: 10,484
Bham
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Not having a will means you trust someone else to divide up your assets (mainly the State). Good luck with that, wish you well.
not sure what the best way to handle them is but they shouldnt be on tv and gettn married and raisin kids
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Re: A legal ?
[Re: ronfromramer]
#2883247
08/20/19 10:13 AM
08/20/19 10:13 AM
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Joined: Dec 2018
Posts: 1,400 Chilton Co
Drycreek
OP
8 point
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OP
8 point
Joined: Dec 2018
Posts: 1,400
Chilton Co
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There's a whole lot of reasons to have a will and I can't think of a single one not to have one other than trying to save a few bucks. With a will, you can speak from the grave, without one the government speaks for you. Not ever a good thing I totally agree.
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Re: A legal ?
[Re: centralala]
#2883266
08/20/19 10:47 AM
08/20/19 10:47 AM
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Joined: Jul 2012
Posts: 5,009 Marion, Fayette, Lamar, piddli...
Lonster
12 point
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12 point
Joined: Jul 2012
Posts: 5,009
Marion, Fayette, Lamar, piddli...
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In Alabama can you put your children on your property as joint owners with right of survivorship? Yes, your children are adults. However, by doing so you will continue to have an interest in the property. The best advice that I can give you is that you need to sit down with an attorney that does estate planning and discuss your options/goals. Too many folks try to save $100 and create a $1,000 problem. Aren't you an attorney?? Maybe give him suggestions on what to watch out for. The deed he is talking about is simple. I can do it myself and have it recorded. No problem. BUT....BUT what the attorney will be for is to explain the fine print in law. Such as what happens if 1 on the deed has a lien placed on the property?? What happens if all get killed in a plane crash at the same time?? What if 1 uses his part as collateral?? Yea, the deed is the easy part. Yes I am an attorney AND I just gave him some FREE advice. Now please excuse me while I return to my work for which I am being paid.
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Re: A legal ?
[Re: ronfromramer]
#2883270
08/20/19 10:52 AM
08/20/19 10:52 AM
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Joined: Jun 2013
Posts: 52,200 Gee's Bend/At The Hog Pen
James
Freak of Nature
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Freak of Nature
Joined: Jun 2013
Posts: 52,200
Gee's Bend/At The Hog Pen
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There's a whole lot of reasons to have a will and I can't think of a single one not to have one other than trying to save a few bucks. With a will, you can speak from the grave, without one the government speaks for you. Not ever a good thing While I'm not disagreeing about needing a Will, but surely you don't believe a Will is bullet proof? Cause that speaking from the grave don't mean chit when Family & Money are envoled
How many people am i willing to sacrifice for freedom? Everyone. All of them...
Do not regret growing older, it's a privilege denied to many!
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Re: A legal ?
[Re: Drycreek]
#2883317
08/20/19 12:35 PM
08/20/19 12:35 PM
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Joined: Aug 2008
Posts: 1,169 saraland,al
slanddeerhunter
6 point
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6 point
Joined: Aug 2008
Posts: 1,169
saraland,al
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I can tell one thing that can happen , especially with older children on the deed . If the child has a judgement against him or tax lean on him due to irs problems or whatever the parent can't transfer the deed to anybody else till the child settles his problem.
Last edited by slanddeerhunter; 08/20/19 12:36 PM.
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Re: A legal ?
[Re: Drycreek]
#2883502
08/20/19 04:58 PM
08/20/19 04:58 PM
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Joined: Feb 2002
Posts: 44,211 North Alabama
Wiley Coyote
Freak of Nature
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Freak of Nature
Joined: Feb 2002
Posts: 44,211
North Alabama
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What about a person that had one child and zero debt. If he gives that one child POA and has a Living Will what else could be needed.
I firmly believe that a double gallows should be constructed on the East Lawn of The White House. Politicians who willfully and shamelessly violate their oath to uphold and defend the Constitution of the United States of America should be swiftly tried and, upon conviction, publicly hanged at sunup the day after conviction. If multiple convicts are to be hanged they can choose with whom to share the gallows or names shall be drawn from the hangman's hat to be hanged 2 at a time.
NRA Life Member
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Re: A legal ?
[Re: Wiley Coyote]
#2883545
08/20/19 05:41 PM
08/20/19 05:41 PM
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Joined: Jan 2005
Posts: 33,437 Your mom’s house
doekiller
Freak of Nature
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Freak of Nature
Joined: Jan 2005
Posts: 33,437
Your mom’s house
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What about a person that had one child and zero debt. If he gives that one child POA and has a Living Will what else could be needed. Power of attorney doesn’t survive death.
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