Legal Question in Real Estate Law in California
House
If person A & person B have their names on a house, but person C paid for the house. Can I make a paper for person A & B and their spouses to sign so that they won't use the house to get any money? Thank you!
4 Answers from Attorneys
Re: House
A & B and their spouses can deed the property to C. The deed to C may trigger reassessment of property taxes under Proposition 13.
Other arrangements, such as trusts, are possible but I would want to know why they are needed.
Re: House
Yes, it is called a deed. Good luck getting person A and person B to sign over their property to person C without a court order.
Re: House
Sure. There are many ways to protect your interest, each with different advantages and disadvantages. It will not be expensive to review your options and prepare the appropriate paperwork.
Feel free to call me if you want to look into this further.
Re: House
Huh? Are you "person C"? Are persons A and B disputing your ownership? Are they single? How did they take title? There are not enough facts to give you a reliable answer.
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