Legal Question in Real Estate Law in California

Re: Completing a Grand Deed

Why don't you wait until after you are married to do this? If the property is in California and you transfer it now, the half interest that you transfer will be reassessed for property taxes under Prop. 13. If you wait until you are married it's an interspousal transfer and there should be no reassessment.

If this is a gift rather than a sale for full value, it's also a real good idea to wait until you are actually married.

Re: Completing a Grand Deed

I would agree with Mr. Snitow, and would suggest that after you are married if you still wish to make the transfr, you consider transferring title to "Joe Doe and Mary Doe, husband and wife, as community property with rights of survival." This type of vesting is only available for married persons, and you should not attempt to draft the deed yourself, and should have an attorney do the work. An attorney drafting a deed should be relatively inexpensive ($50.00 to $100.00), especially compared to the potential problems you may face down the road if the deed is improperly drafted, or a Preliminary Change of Ownership Statement is not properly prepared.

Of course, the best thing for your and your significant other to do is make an appointment with an attorney in your area who practices real estate law. You can explain the reasons for wanting to make the transfer, and provide other information that a lawyer would need in order to determine how title should be held. Moreover, an attorney would be able to properly prepare the transfer documents.

Re: Completing a Grand Deed

assuming a 50/50 ownership you got it in the question without finace -- you need good legal advice before you do this to understand the ramifications of your act, tax, ownership, credit, etcs. after 30 years in the business toooooo many people wish they thought ahead. michael olden 925-945-6000. get an attorney who is a real estate expert minamally first, don't do it yourself or woe is you!!!!!!!