Posted on: 17th Jul, 2009 02:17 pm
My mother-in-law and father-in-law own property in Texas, which has been paid off for a long while. My father-in-law is in a nursing home with advanced Parkinson's disease. My mother-in-law has my father-in-law's Power Of Attorney, and my wife has my mother-in-law's Power Of Attorney. My mother-in-law desires to add my wife's name to the deed/title to their property. What is the best approach to accomplish this? Thank you.
I believe this could be accomplished through a quit claim deed. Your mother-in-law can add your wife's name to the title by signing a quitclaim deed. She needs to sign the deed as a grantor, while both she and your wife will be the grantees. Once the deed has been signed, it needs to be notarized and recorded.
since your mother in law has Power Of Attorney of your father in law, she can sign qutuit claim deed & add your wife's name.
Thank you for the response. I was leaning toward a Quit Claim deed, but was unsure of the effect, because it requires the grantor to give up rights on the property. I assume then, that the ownership is immediately renewed when establishing the new grantees.
However, how is this accomplished with my father-in-law being totally disabled by Parkinson's disease, and been deemed incompetent by the VA to handle his own affairs, like signing a deed? Can my mother-in-law sign for him in his stead, because of her possessing his Power Of Attorney?
However, how is this accomplished with my father-in-law being totally disabled by Parkinson's disease, and been deemed incompetent by the VA to handle his own affairs, like signing a deed? Can my mother-in-law sign for him in his stead, because of her possessing his Power Of Attorney?
Hi shutterbill!
Welcome to forums!
As your mother-in-law has your father-in-laws power of attorney, she can go ahead and sign the deed in order to add your wife to the property deed.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As your mother-in-law has your father-in-laws power of attorney, she can go ahead and sign the deed in order to add your wife to the property deed.
Feel free to ask if you've further queries.
Sussane
how does my mother add myself and my brother to a deed on our family business property
Your mother can use a quitclaim deed to add you and your brother to the family property. It would be better if she could contact an attorney and draft the deed for transferring the property.
We want to buy for my dad small house and at first my husband will have his name on the tittle. After he pay off his loan for the house, we want only my dad name is on the tittle. Did we need to pay any fee (some one told me that I have to pay taxes fee which may exceed 1% on the price of the house)
It is true that when you transfer the property to your father, you will have to pay transfer taxes and deed recording fees.