What is the best way to transfer ownership of my elderly parent’s house to me?

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What is the best way to transfer ownership of my elderly parent’s house to me?

Asked on January 2, 2013 under Real Estate Law, Pennsylvania

Answers:

S.L,. Member, California Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

Your parents can sign a quitclaim deed which releases their entire right, title, and interest in the property and transfers ownership of the property to you.  The quitclaim deed is signed in the presence of a notary, and then recorded (filed with the County Recorder's Office).  The quitclaim deed is effective upon being recorded.


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