re: Deeding property to an adult child?

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She is now wanting to deed her property, which is paid for, to her daughter so that if that happens she wouldnt lose the house. What are the ramifications for us (daughter, son in law) if that happens?

Who would be better to talk to, a property lawyer or someone that deasl mainly with estates or bankruptcy? Trying to get an idea of what to expect up front and if its even an idea to consider

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I would guess bankruptcy...I think there are rules about property transfers within a certain amount of time before bankruptcy. In addition, the daughter may hit with tax on the value of the property (assuming it's over the gift tax exemption amount)

she might be better off calling one of the "I Buy Houses" guys and getting what cash she can for it.