My question involves real estate located in the State of: New York.
I have a house valued about 300 plus plus, I owe less then 20 thou., I'm 68 and in good health, but we all know that could change in minutes.
I would like to sign the house over to my son in case anything unexpected happened to me, I wouldn't want a nursing home to get the house like they have many of my friends.
Can i sign it over to him now and just live there til whenever just to protect us and my son from vultures. thanks.
I could payoff the mortgage if necessary, but would rather keep the money where it is and pay the mortgage monthly.