Legal Question in Real Estate Law in Florida
quit claim
Can I quit claim my condo to my minor daughter
as joint tenancy with right of survivorship, does she need a guardian? Is it difficult to reverse the process if necessary, or can I file in the future. Thanx
1 Answer from Attorneys
Re: quit claim
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The simple answer is yes, you can. The smart answer is absolutely Not!
If you transfer the property to a minor, you will be unable to mortgage, sell or otherwise transer the property until she reaches the age of majority without having a guardian formally appointed by the court which is a very costly procedure.
I do not know what your goal is, but I am sure that there are better ways to acheive the same result without doing something as foolish as this. I stronly suggest that you consult a competent real estate attorney in your area to review this situation.
Scott R. Jay, Esq.