Posted on: 09th Jun, 2011 12:08 pm
my name only is on our house deed, do i need a quick claim deed form in order to have his name on it even though i have a will stating he gets the house in the event of my death. if not, & he wanted to sell the house later what will he have to do? what will be a simple & easy solution ?
Adding him on title now is a viable option. Having ownership to the property and a will, is concrete. Wills can be contested. The only problem is if you were to pass, and the home loan was only in your name, he would either have to just pay the payments or sell or refi to get his name on the loan. You can always add or remove parties from title but not on a loan.
Hi yodanno,
After your death, the beneficiary of the will would have to probate the will and get the property transferred in his/her name. Once the property is transferred to that person, he/she can sell off the property. If you want the concerned person to get the property now, then you can sign a quitclaim deed and transfer the property.
Thanks
After your death, the beneficiary of the will would have to probate the will and get the property transferred in his/her name. Once the property is transferred to that person, he/she can sell off the property. If you want the concerned person to get the property now, then you can sign a quitclaim deed and transfer the property.
Thanks
