OK, home buying adjacent question here. Bordering into something I already know I'll probably need to engage a lawyer for.
The scenario : The house my grandparents bought in 1956, where my mother, uncles, and myself were all raised in, is in a living trust under my grandmother's name (now deceased) with my mother (still alive) listed as the trustee along with my grandmother. It is the only remaining asset in the trust (my mother and uncles burned through everything else that was in the trust). Reading the trust documents it's clear that the trustee has rights to dispense any asset from the trust at their discretion, which is how my uncles and mother essentially emptied the trust in the 10 years since my grandmother's passing. The house is in disrepair, needs a roof, some mortar/brick work, a new bathroom, new floors, it's a mess. I want to take out a home improvement loan to do these repairs as part of me taking care of my now aging mother for whom this house is the primary residence. The three remaining beneficiaries of the trust are her, one of my uncles, and me. The other two uncles are deceased. My uncle and mother have both signaled that they're OK with transferring the house to me so that I can get the loan in my name (I'm the one of the three of us with good credit). I'm looking for fastest and easiest way to transfer a title. I found a quitclaim title transfer form for Dallas county on line, it looks like I just need to fill that out, have my mom sign it, get it notarized and submit it to the county clerk? Is that right? Has anybody else dealt with this?
listwithclever.com
www.reuters.com
