Legal Question in Real Estate Law in Florida

Re: Deed

There are various ways to take care of your daughter. One would be to set up a trust, but you should consult a tax attorney to find the best way to avoid taxes all around and still accomplish your goals.

Re: Deed

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You will need a Quit Claim Deed executed by your grandparents in favor of all parties. If possible, I would suggest that they sign themselves and you do not use your Power of Attorney which might open you up to a problem when you try to sell your house.

The easiest way would be to execute a Quit Claim Deed from yourself to yourself and daughter. It must be properly drafted and signed in the presence of two witnesses and a notary public.

Alternatively, you might wish to execute a deed with a life estate to you and a remainder to your daughter.

I would advise that you consult with a qualified real estate attorney to advise you about the various alternatives and to prepare it for you to avoid any possible errors and to ensure you fully understand the possible tax consequences of this action.

Scott R. Jay, Esq.

Re: Deed

See my previous answers to this question. They point out the pitfalls to consider.