Can I Add My Parents Property to my Schedule B?

by | May 7, 2024 | 2012, Q&A | 0 comments

Q:  Is it possible to add my parents home and vehicles to my Schedule A? If not, will it be possible if the titles are transferred in my name?

R: Schedule A is designed to general collateral description covering
everything from A-Z without any details should you be compelled to bring forth the document as proof it exists. I use it in my filings with the UCC registry but prior to that I strip out all
the numbers.

Schedule B is designed as a detailed list that would be very unlikely
you ever would have to bring forth if what is covered in Schedule A is sufficient.

I can add whatever you wish to schedule A as you are in the drivers seat here. Understanding the intent look at it again and see if inherited property is included in the general description to your satisfaction and take another look at schedule B. There is a provision
there for inheritance or wills. Look at it and then get back to me with
your wishes and I will accommodate it the best I can.

I hope that assists you in how to look at this. – Les.

Q: Im not married, i don’t own a house and have no kids but was wondering if I can use my parents house for claiming, for which it is the address that all my documents are in care of but of course the house is not in my name. 

R: Typically the address is that of the strawman [legal entity] and if that is where your mail goes regarding it then that is where it lives [you live where ever you are in the moment].

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