New York, NY asked in Real Estate Law for New York

Q: How can I share ownership of a house without altering a deed and incurring tax costs?

Sharing personal property with a domestic partner.

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2 Lawyer Answers
Michael David Siegel
Michael David Siegel
Answered
  • New York, NY
  • Licensed in New York

A: I do not understand your question. Ownership of real property is governed by the deed.

David Lacher
David Lacher
Answered
  • New Rochelle, NY
  • Licensed in New York

A: The deed governs the legal ownership. If you are not on the deed, you cannot have present legal ownership.

However, while not being in a true share of ownership, potentially you could have a beneficial interest in the house if the house were titled in a trust and if you are a beneficiary of the trust.

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