Legal Question in Wills and Trusts in Florida

Re: Deed name addition

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You will need a quit claim deed from her to you and her as joint tenants with right of survivorship. It should be prepared by an attorney to make sure it is prepared properly and does the job it was intended for. This does come with some drawbacks. The homestead exemption will have to be reapplied due to the change in title. As a result, the taxes will be higher than previously. The taxable amount will be based on today's market value rather than what your wife previously had.

Scott R. Jay, Esq.