Legal Question in Real Estate Law in Florida
adding someone to our deed
We want to add our son, (24 yo) and lives with us, to our deed so that our property taxes will decrease. He is a quadrapeligic so we would get exemptions. What form should be fill out? Is it a Quit Claim Deed? We don't want to transfer all the property to him just add him as an owner and take it down to have it recorded and submit to the property appraisers office. Thank you
3 Answers from Attorneys
Re: adding someone to our deed
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You can add your son by using a Quit Claim Deed. You should really meet with an attorney first, because although you may gain some tax exemptions as a result of his medical condition, it could prove far more costly if he needs to be placed in a facility in the future and he owns real property. A good elder law attorney can explain the pros and cons of your actions.
Scott R. Jay, Esq.
Re: adding someone to our deed
If you Quit Claim the property to him, and the property is his primary residence, the property would be totally exempt from ad valorem - property taxes. Two Physician Certificate Forms must be completed and submitted in order to be eligible for this exemption. First, though the property must get into his name by way of transferring title to the property through a Quit Claim Deed. If you require assistance in preparing that instrument, please contact me and I will discuss the process and the costs of same. Thank you.
Re: adding someone to our deed
If you Quit Claim the property to him, and the property is his primary residence, the property would be totally exempt from ad valorem - property taxes. Two Physician Certificate Forms must be completed and submitted in order to be eligible for this exemption. First, though the property must get into his name by way of transferring title to the property through a Quit Claim Deed. If you require assistance in preparing that instrument, please contact me and I will discuss the process and the costs of same. Thank you.