Posted on: 28th Jun, 2010 06:07 am
We have a mobile home in Texas that we are in the process of paying off the lien and would like to transfer the title to my daughter and son-in-law. We own the property that it is located on and will also be transferring the real estate to them as well. I don't have any idea what we need to do to achieve these issues. I would also like to know if there will be any fees or perhaps taxes that they will have to pay in order to get mobile home and property transferred to them.
Hi Guest!
Welcome to forums!
You can use a quit claim deed in order to transfer the property to your daughter and son-in-law. An attorney will help you in drafting the deed. If you transfer the property as a gift, then you would be liable for paying the gift taxes. Also, while transferring the property, you would be liable for paying the deed recording fees, transfer fees, attorney fees, stamp doc fees, etc.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can use a quit claim deed in order to transfer the property to your daughter and son-in-law. An attorney will help you in drafting the deed. If you transfer the property as a gift, then you would be liable for paying the gift taxes. Also, while transferring the property, you would be liable for paying the deed recording fees, transfer fees, attorney fees, stamp doc fees, etc.
Feel free to ask if you've further queries.
Sussane