Transfer of Ownership by a New Deed

Transfer Ownership Deed - Politics, Business, Civil, History - Posted: 21st Apr, 2011 - 5:50am

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Real Estate Law
Post Date: 21st Apr, 2011 - 5:50am / Post ID: #

Transfer of Ownership by a New Deed

Transfer of Ownership by a New Deed
Real Estate Issues and the Law

There are some of you who many need to make changes in the ownership of your property. If you have owned a property in your own separate name and are now newly married and want to add your wife as part owner to the property, you would create a new Deed which would add her as a new part owner of that property. Normally a Quit Claim Deed is used to do this. In this case the title of this property would then be under your name and your wife as Community Property with Right of Survivorship. In this case if either party dies the property can pass directly to the surviving spouse without a court probate action.
Source: Legal:Real-Estate-Law

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