Posted on: 02nd Aug, 2009 07:40 am
I want to do this so in the event of my death, the homes automatically become his. How do I add his name. I do not want this to create any tax liability for him while I am still alive? What are the tax implications after I pass?
hi guest, you can prepare a will & give everything to him.
another option is to sign a quit claim deed as aa grantor. make yourself & him grantee & give him status of joint tenancy. ensure that deed is notarized.
on your death, your son will submit death certificate and an affidavit of heirship at country's office to remove your name from property.
another option is to sign a quit claim deed as aa grantor. make yourself & him grantee & give him status of joint tenancy. ensure that deed is notarized.
on your death, your son will submit death certificate and an affidavit of heirship at country's office to remove your name from property.