Posted on: 28th Feb, 2009 05:48 pm
My brother and I purchased some land in California a few years ago. It was a cash purchase and I gave him $20,000 for my share. He did sign something for me recognizing that I gave him the money in exchange for a designated share of the property. This document was also notorized. I am not on the title and have been debating whether I need to be. Is this document enough to protect my interest in case anything ever happens to him? Or should we do a quick claim to get me on the title.
Thanks,
Candice
Thanks,
Candice
Hi Candice,
Since the document was notarized, it should be valid. But do remember which document exactlly you signed?
Even though the document is valid, I think you should have your name on the title to the property. This can help you avoid any future disputes arising out of the title or ownership of the house. The process to add you on tile is also easy and will not take too much time. To have you on the title all your brother needs to do is to sign a quit claim deed form him as a grantor to both of you as grantees.
Since the document was notarized, it should be valid. But do remember which document exactlly you signed?
Even though the document is valid, I think you should have your name on the title to the property. This can help you avoid any future disputes arising out of the title or ownership of the house. The process to add you on tile is also easy and will not take too much time. To have you on the title all your brother needs to do is to sign a quit claim deed form him as a grantor to both of you as grantees.