How does my mother legally transfer ownership of her condo to her3 children?
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How does my mother legally transfer ownership of her condo to her3 children?
We are all Canadian citizens. There is no mortgage. The condo was purchased approximately 20 years ago.
Asked on February 9, 2012 under Real Estate Law, Florida
Answers:
Hong Shen / Roberts Law Group
Answered 12 years ago | Contributor
There are so many ways to accomplish this. She can do it by will, trust, contract, or create a co-tenancy such as joint tenancy or tenancy in common. She has to research this to find out the best way for her since each option would have its own pros and cons.
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