Legal Question in Real Estate Law in Maine
Giving a child land
My husband and I own our home and property with no debt. We want to give our 27 year old son 10 acres. How do we do this?
Asked on 3/05/07, 3:52 pm
1 Answer from Attorneys
Jerome Gamache
Ainsworth Thelin & Raftice, P.A.
Re: Giving a child land
There is no more formality needed than the preparation of a deed and transfer tax form and properly recording them in the applicable County Registry of Deeds. However, there is an issue regarding the correct legal description if you are conveying a portion of your land. A surveyor may need to be engaged. Furthermore, depending upon your ages, other legal planning may be needed to comply with the Improvident Transfer Act and estate planning. I would be happy to consult further on particulars if needed. Thanks- Jerome
Answered on 3/05/07, 4:11 pm