If my father recently ask me to prepare the deed to his home to add myself to the deed, how do I do it?

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If my father recently ask me to prepare the deed to his home to add myself to the deed, how do I do it?

The property has a mortgage. Does that make any difference?

Asked on March 8, 2013 under Estate Planning, Arizona

Answers:

Catherine Blackburn / Blackburn Law Firm

Answered 8 years ago | Contributor

You really should consult a lawyer about doing this.  There are possible consequences to transferring title when the property has a mortgage although they are rarely enforced.  Many states impose taxes when you transfer title on a deed and that is always enforced. Depending on why your father wants to add you to the deed, there may be ways to accomplish his goals without changing the deed.


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