Legal Question in Real Estate Law in California

Adding names to title or deed

A family member wants to add my

name to a deed (title?) to share

ownership in real property. What is the

best way to do this. Property is in

California.


Asked on 5/14/08, 5:06 pm

2 Answers from Attorneys

Mitchell Roth MW Roth, Professional Law Corporation

Re: Adding names to title or deed

A deed. But there can be significant tax consequences. I don't recommend this unless a full discussion is had by you and the owner with an attorney.

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Answered on 5/15/08, 5:48 pm
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: Adding names to title or deed

1. Obtain proper legal description of property.

2. Obtain names of current title holders.

3. Draft grant deed.

4. Have grant deed executed/notarized by existing title holders.

5. Record grant deed w/county recorder and pay documentary transfer tax.

6. Thank your lawyer for doing 1-5 above.

7. Review possible tax consequences with your tax advisor. Maybe this should be #1. Research possible Proposition 13 issue.

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Answered on 5/14/08, 5:12 pm


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