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What is the best way to transfer property

Posted on: 13th Jun, 2009 05:44 pm
my husband and i have been the caretakers of my mother in law since 1998. she went to a lawyer and had written up that after 10 years she wanted the house which has no mortgage to become my husbands and mine. she pays nothing to us for room and board, we just agreed that for taking care of her, we would get the house. is a quit claim deed the way to go? what documents would we need to do this. we do have the paperwork from the lawyer stating her wishes.
Hi

The best way to transfer the ownership would be through a warranty deed. This will transfer the title free and clear and will avoid any ownership related disputes in future. You need to get a warranty deed prepared by an attorney. Your mother in law needs to sign the deed as grantor to you and your husband as grantees. After signing the deed, you need to notarize it and record it with the county clerks office.
Posted on: 15th Jun, 2009 04:34 am
My mother-in-law recently passed a way. Her home went to her daughter (my wife). The home is now being leased. The home is in my wife's name. Is it better the title be in both our names or does it matter?

[E-mail address deleted as per forum rules. Thanks.]
Posted on: 15th Jun, 2009 12:30 pm
Hi ed,

If you want to be one of the owners of the property, then you should add your name to the property deed. If you do not want any ownership rights, then you can let the property remain in your wife's name.
Posted on: 30th Jun, 2009 11:37 pm
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