Posted on: 16th Nov, 2008 05:35 pm
I am a foreigner who bought a house in California a few years ago. I do not own any mortage on the house. I am planning to add my only grand daughter to my house deed, who is now 5 years old and has dual citizenships. I would like it to be a join tenant with rights of survivorship. Is it possible to add a minor to a deed and does my grand daughter still have to pay estate taxes assuming it is more than $2 million at the time I die? Any kind advice would be greatly appreciated. Thank you vey much in advance.
Hi biaomeveryday!
Welcome to forums!
As far as I know, minors cannot be added to the property with the help of any deed. However, they may inherit property. As your grand-daughter is only 5 years old, I think you won't be able to add her to the title of the property.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
As far as I know, minors cannot be added to the property with the help of any deed. However, they may inherit property. As your grand-daughter is only 5 years old, I think you won't be able to add her to the title of the property.
Feel free to ask if you have further queries.
Sussane
Sussane,
Thank you very much for the kind and quick response.
Thank you very much for the kind and quick response.