If my spouse and I are purchasing a home for our daughter to live in but we would like our daughter to also be on the deed, how should the home be titled?
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If my spouse and I are purchasing a home for our daughter to live in but we would like our daughter to also be on the deed, how should the home be titled?
The mortgage is in our names. We have applied for a mortgage but have not yet settled. We want to get the title correct.
Asked on August 9, 2012 under Real Estate Law, Maryland
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
You should speak with your attorney on the purchase. If you wish the home to be your daughters after you and your husband pass away then you should all have "rights of survivorship" in the property. You and your husband have that already but your daughter would be only a tenant in common with you and he. And then your potion would have to go through probate in your estate. Good luck.
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