Bruce Williams

Business
January 7, 2013
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Adding children to deed risky

DEAR BRUCE: I am a 75-year-old widower. I own my house, and my daughter, who is 53, lives with me. I was thinking of adding my daughter’s name to the deed and am not sure if this would be a good idea. What are the pros and cons? — Reader, via email DEAR READER: I have said many times that if you put your child’s name on the deed to your house and then he or she gets into financial difficulty — perhaps a severe automobile accident where the insurance is a little thin — your house could be in …

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The News-Review Updated Jan 7, 2013 02:22PM Published Jan 16, 2013 05:03PM Copyright 2013 The News-Review. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.