re: Deeding property to an adult child?

quote:

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BTW, I only advocate this in order to buy time to pay your debts.

I've done it once and paid everyone I owed off - took many years.

I'm doing it again now although I have true debts that encumber my house with not enough equity to satisfy any others.

I made my debts, I pay them.

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I agree completely. My stance is that we arent going to help her one bit until she starts helping herself. She wants a handout and for us to bail her out, but so far is unwilling to make changes. I am not going to help with anything only to be back in worse shape next month.

The wife agrees, but wanted to look into the transfer of the property. I can say now that I've looked into it so thanks guys. I guess I need to make an appointment with a bankruptcy lawyer.