In addition to Mr. Eisenberg's helpful comments, let me add that your father will want to make the effort to consult with experienced elder law counsel. Transfers of real property have substantial (and typically very unwelcome) consequences for future MediCal eligibility. Adept elder law counsel can assist in structuring any transfer and in other estate planning strategies that will not forfeit future rights to needed public benefits.
I have recategorized as "elder law" because real property transfer procedure is the easy part. The hard part is finding a strategy that serves your father's objectives and best interests.
Best wishes for an outcome you can accept, and please remember to designate a best answer.
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The transfer of real property in Los Angeles County (which includes the city of Lynwood) among parents and their children is exempt from reassessment. Consult with a competent real estate attorney who can advise you regarding the proper use of L.A. County's Preliminary Change of Ownership form and your options for assuming title from or with your father.Ask a similar question
I concur except that I think ALL of you should go together for a free consultation with an Elder Law attorney who can discuss the best options. See 'Find-A-Lawyer' at the top of this webpage. Good Luck!!
If you find this answer helpful, please mark it here on AVVO as helpful. My answer is based on the limited facts presented. It doesn’t create an attorney-client relationship. Use the ‘Find-A-Lawyer’ search engine at the top of this page and follow proper legal advice.Ask a similar question
I agree with colleagues. Yes, it is possible for father to transfer home to children. May not be advised at this point. Review impact of transfer on taxes, property taxes, Medi-Cal eligibility before proceeding. All parties should consult with competent counsel before proceeding. I need more information before opining further.Ask a similar question