Legal Question in Real Estate Law in Georgia
my name is the only name on the deed on property in georgia.how can i put my sister's name also on the deed so that we share the property?also if this change can be made how can we change the deed so that her name be listed first?
2 Answers from Attorneys
A lawyer can draft an appropriate deed and PT-61 for a minimal fee (please feel free to call my office about this).
Bear in mind that there can be tax consequences and also can be consequences as to your lender that need to be discussed before making a decision.
The order people are listed on a deed can be as you choose, but has no legal significance.
A real estate attorney can prepare and record the required documents for you (a new deed and a form called a "PT-61"). In addition to the tax and lender consequences mentioned by Mr. Ashman above, there are also estate planning consequences (what happens to the property if you or your sister dies?) in how the deed is prepared. Please feel free to contact me if you would like assistance.
Best of luck.******The above is for informational purposes only and does not create an attorney-client privilege.******
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
