Q: How do I add my daughters name to the deed to my home?
A: It is possible to simply sign a Deed adding your daughters' names to your home. However, in general this is not the best way to accomplish your estate planning. For example, once you add your daughters' names they are now owners of the property along with you. This means that you have to get their consent and signature if you ever decide to sell your home in the future. Also, their share of the home would be subject to your daughters' creditors. If they injured someone in an auto accident, for example, you could lose your home. If they ever divorced or filed for bankruptcy their share of your home could be at risk. A better way to handle your estate planning is to visit with an experienced estate planning attorney. He/she can advise you about a Will, Revocable Living Trust or even a Transfer-on-Death Deed. It will definitely be worth the money spent.
Karn Thapar agrees with this answer
A: Your daughter's name can be added by filing a deed with the county clerk in the county in which the home is located. Please note that there are very specific requirements for filing this deed otherwise it may not take effect. Another option is to use the services of an online deed preparation company. Lastly, I would like to second Theressa's opinion on estate planning if you are looking to add your daughter's name for that purpose. Good luck.
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