If my father recently ask me to prepare the deed to his home to add myself to the deed, how do I do it?
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If my father recently ask me to prepare the deed to his home to add myself to the deed, how do I do it?
The property has a mortgage. Does that make any difference?
Asked on March 8, 2013 under Estate Planning, Arizona
Answers:
Catherine Blackburn / Blackburn Law Firm
Answered 11 years ago | Contributor
You really should consult a lawyer about doing this. There are possible consequences to transferring title when the property has a mortgage although they are rarely enforced. Many states impose taxes when you transfer title on a deed and that is always enforced. Depending on why your father wants to add you to the deed, there may be ways to accomplish his goals without changing the deed.
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