ADDITIONAL INFORMATION:
I put my son’s name on my deed so he would have no problem in case I died. I am trying to get a reverse mortgage and cannot obtain it with him on my deed and he will not take himself off.
What can I do?
ANSWER BY MARGARET CROSS-BELIVEAU:
Unfortunately, once you gift your assets away, you can’t force the recipient to return it. If you take a reverse mortgage, the amount due on your death may not leave much for your son to inherit, so he may not be motivated to return it to you. The only way to obtain the reverse mortgage is for your son to cooperate with you.
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Legal Disclaimer: Please note that this answer does not constitute legal advice, and should not be relied on since each situation is fact specific, and it is impossible to evaluate a legal problem without a comprehensive consultation and review of all the facts and documents at issue. This answer does not create an attorney-client relationship. A lawyer experienced in the subject area and licensed to practice in the jurisdiction should be consulted for legal advice.
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