Legal Question in Real Estate Law in California
How do I add my daughter to my real estate (my home and property) deed so that she will be a joint owner in California? I have paid for my home (no mortgage involved)
Asked on 10/05/10, 4:05 pm
2 Answers from Attorneys
Robert F. Cohen
Law Office of Robert F. Cohen
You can use a grant deed that you will sign before a notary. Before you do so, though, you might consult with an attorney and/or tax advisor to determine whether there might be consequences.
Answered on 10/10/10, 4:25 pm
It is almost always a major mistake from a tax standpoint to add your children to title to your property while you are alive. A trust is almost invariably a better way to go. It can save thousands, even hundreds of thousands of dollars in taxes when the property is sold.
Answered on 10/10/10, 11:19 pm
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