My dad wants to put the title of our house in my 20yr old name
July 2, 2009 9:00 AM Subscribe
My dad wants to put the title of our house in my name. I'm only 20 years old.
posted by ascetic to Law & Government (46 answers total) 1 user marked this as a favorite
Okay, I'm 20 years old, employed part time at a bakery, and a full-time student in college. My dad I guess has been thinking about death and growing old lately (sagging muscles, and I think he has arthritis in his hands now).
He said he wants to put the title of the house in my name so when he dies there are no ifs, and, or buts about who gets the house. I responded with "Oh great, so I can never get a loan when I need it?" and he said "I'm not talking about the loan, just the title."
Now, my dad has two master's degrees and a Ph.D. He is smart. But I don't always trust him. he has done incredibly shady shit in the past and I'm afraid this is part of it.
So, good idea or bad idea? The house is probably valued at $100,000, and surrounded by houses that range in $150,000 to $700,000. It's the most desired location in the area.
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