Posted on: 19th Aug, 2009 07:27 pm
If I own 60% of a property, can I deed 20% of the property (1/3 of what I own) to my son?
If I can do I use a quitclaim deed?
Thank you.
If I can do I use a quitclaim deed?
Thank you.
Guest
See if this post helps
http://www.mortgagefit.com/search/quitclaim-deed.html
Good luck and feel free to ask
See if this post helps
http://www.mortgagefit.com/search/quitclaim-deed.html
Good luck and feel free to ask
Hi Guest,
I believe it is possible for you to transfer 1/3 of your property interest to your son. If you own 60% of the property, you can transfer any part of it to anyone you want. A quitclaim deed should be enough to help you do that. You can sign the deed as grantor and transfer 1/3 of your property interest to your son. However, you must consult a real estate lawyer and get an appropriate quitclaim deed drafted to suit your situation.
I believe it is possible for you to transfer 1/3 of your property interest to your son. If you own 60% of the property, you can transfer any part of it to anyone you want. A quitclaim deed should be enough to help you do that. You can sign the deed as grantor and transfer 1/3 of your property interest to your son. However, you must consult a real estate lawyer and get an appropriate quitclaim deed drafted to suit your situation.