Legal Question in Real Estate Law in New York

Re: signing a house over

you have to file a new deed its not too difficult.

you can call me at 516 466 5297 or call a title company

Re: signing a house over

You and/or your gradfather should speak to an attorney about either drafting a will, or filing a deed to transfer the house now. There may be tax consequences so speaking with an attorney is the best first step. I would be happy to discuss the matter. You may call me at 585-454-7145 x249

Re: signing a house over

Although your grandfather can simply deed the house to you and/or your mother it is generally to your advantage to inherit the house upon his death as opposed to receiving it now as a gift.

That would require your grandfather to make a Will.

Feel free to call me at 914-478-2981 if you have any further questions. There is no charge for a short telephone consultation.

Re: signing a house over

IF HE DOES NOT WANT TO MAKE A WILL (WHICH WOULD REQUIRE PROBATE AND PROBATE FEES), HE COULD SIMPLY DO A NEW DEED ADDING YOUR MOTHER AND YOU, WITH THE DESIGNATION JOINT TENANTS WITH RIGHT OF SURVIVORSHIP. FOR HIS PROTECTION, THE NEW DEED SHOULD SPECIFY THAT HE HAS RESERVED A LIFE ESTATE TO CONTINUE TO RESIDE IN THE HOUSE, AND SOMETHING SHOULD BE PUT IN WRITING ABOUT WHO IS RESPONSIBLE FOR DAY-TO-DAY EXPENSES (TAXES, INSURANCE, REPAIRS, MAINTENACE, ETC.) SEPARATE FROM THE DEED. THE WRITTEN SPECIFICATION OF EXPENSES SHOULD BE SIGNED BY HIM AND NOTARIZED.