Legal Question in Real Estate Law in Puerto Rico
Deed
I have divorced from my wife who still lives in Puerto Rico. I have moved to Texas and want to let her have the house for her and my son. I want to remove my name from the title to the house. I was told I could do this with a Warranty/Grant Deed. Is this true? I was also told I could draw it up and just have it notarized in PUerto Rico to do this. Is this correct?
3 Answers from Attorneys
Re: Deed
This matter must be addressed under Puerto Rico Law. In order to transfer title to your son a Donation is the transaction. We can advise you on this matter.
Re: Deed
Mr. Catala is correct. You will need to comply with the laws of Puerto Rico if that is where the house is located.
Re: Deed
You need to draft and sign a donation deed. This sort of transaction actually has a tax impact which you must pay.