My son lives with me. I transfered the house to him and me as joint tenants with survivorship right. He has lost everything due to drug abuse. I am a widow. I have a single daughter that lives nearby. I want my daughter to watch his interests, if I go first. Neither have kids, so if I outlive my daughter it does not matter, house will go to son anyway, when I go. Can I quit claim my joint tenancy to my daughter and I, as joint tenants, with survivorship right? If I do that, then son's share will not come back to me or his sister, as a survivor and likely be taken by a creditor? Correct? Son will not cooperate in any way. I own almost nothing else, and the entire house is worth $80,000.
Bankruptcy Credit Debt Bankruptcy and debt Joint tenancy Rights of survivorship Tenancy in common Real estate documents Real estate buy and sell agreements Real estate quitclaim deed Real estate and bankruptcy Real estate Estates Estate property Rights of survivorship and estate planning Intestacy and probate