Tampa, FL asked in Real Estate Law for Florida

Q: What is the best way to gift a property?

My parents want to add my name primary on a home they own and keep them as secondary so we can homestead the home in my name? What is the best way to do this?

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1 Lawyer Answer
Jane Kim
Jane Kim
Answered
  • Naples, FL
  • Licensed in Florida

A: There is no primary or secondary as it relates to the homestead exemption. Each owner must file for homestead exemption. The easiest way to transfer property between family is by a quitclaim deed, but that's not always wise.

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