Legal Question in Real Estate Law in New York
Adding a person to a deed
I would like to add my boyfriend on my deed..For insurance reasons. What forms do i need to accomplish this with the city and county govt.
Asked on 1/23/06, 12:58 pm
2 Answers from Attorneys
Daniel Clement
Law Offices of Daniel Clement
Re: Adding a person to a deed
As a martimonial attorney, I strongly advise you not to add your boyfriend to the deed. You may save some money on your insurance, but it can cost you dearly if the relationship sours.
Daniel Clemenmt
Answered on 1/23/06, 1:20 pm
John O'Donnell
Attorney at Law
Re: Adding a person to a deed
One document you need to prepare is a new deed. The county where the deed is to be filed may have additional forms that must be completed, such as transfer tax returns.
It is also likely that you will be required to file a gift tax return.
Answered on 1/23/06, 4:53 pm
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