Is it possible to add my adult child’s name to my house and car titles so that in the event of my death they are automatically inherited?
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Is it possible to add my adult child’s name to my house and car titles so that in the event of my death they are automatically inherited?
No will and minimal funds; want to avoid probate.
Asked on August 19, 2011 Florida
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
You are very wise to think about estate planning. I am assuming that the adult child ia an only child. You can indeed add the child to the deed with "rights of survivorship" and to file the deed. As for the the title's to the cars, check with your local DMV for what is known as a "POD" payable on death or transfer on death paper that can be filled out. Many states allow that type of documentation. Please check with an accountant in your area as to the tax ramification. The tax pwoers that be do not allow you to get away with paying taxed on some level,: estate or gift. Good luck to you.
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